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Musti Group (STU:49U) Asset Turnover : 0.29 (As of Dec. 2024)


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What is Musti Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Musti Group's Revenue for the three months ended in Dec. 2024 was €122.2 Mil. Musti Group's Total Assets for the quarter that ended in Dec. 2024 was €416.3 Mil. Therefore, Musti Group's Asset Turnover for the quarter that ended in Dec. 2024 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. Musti Group's annualized ROE % for the quarter that ended in Dec. 2024 was 6.86%. It is also linked to ROA % through Du Pont Formula. Musti Group's annualized ROA % for the quarter that ended in Dec. 2024 was 2.73%.


Musti Group Asset Turnover Historical Data

The historical data trend for Musti Group's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Musti Group Asset Turnover Chart

Musti Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Asset Turnover
Get a 7-Day Free Trial 0.88 0.96 1.05 1.10 1.11

Musti Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.27 0.26 0.27 0.29

Competitive Comparison of Musti Group's Asset Turnover

For the Personal Services subindustry, Musti Group's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Musti Group's Asset Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Musti Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Musti Group's Asset Turnover falls into.


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Musti Group Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Musti Group's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=425.739/( (371.446+394.242)/ 2 )
=425.739/382.844
=1.11

Musti Group's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=122.162/( (416.287+0)/ 1 )
=122.162/416.287
=0.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Musti Group  (STU:49U) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Musti Group's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=11.344/165.304
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(11.344 / 488.648)*(488.648 / 416.287)*(416.287/ 165.304)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.32 %*1.1738*2.5183
=ROA %*Equity Multiplier
=2.73 %*2.5183
=6.86 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Musti Group's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=11.344/416.287
=(Net Income / Revenue)*(Revenue / Total Assets)
=(11.344 / 488.648)*(488.648 / 416.287)
=Net Margin %*Asset Turnover
=2.32 %*1.1738
=2.73 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Musti Group Asset Turnover Related Terms

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Musti Group Business Description

Traded in Other Exchanges
Address
Makitorpantie 3 B, Helsinki, FIN, 00620
Musti Group PLC is an operator of omnichannel which caters to the needs of pets and their parents. The group provides pet wellbeing services in some of its stores, as well as veterinary services in Sweden, Norway, Estonia, Latvia and Lithuania. It generates revenue through sales of pet products, food, and accessories. It also offers services such as grooming, training, and veterinary services. The company's reporting segments are based on geographical regions which are Finland, Sweden, and Norway.

Musti Group Headlines

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