TLGN (Ever Harvest International Group) Asset Turnover: 1.11 (As of Sep. 2022)


What is Ever Harvest International Group Asset Turnover?

Ever Harvest International Group TLGN Asset Turnover is 1.11 as of Sep. 2022.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ever Harvest International Group's Revenue for the three months ended in Sep. 2022 was $0.04 Mil. Ever Harvest International Group's Total Assets for the quarter that ended in Sep. 2022 was $0.04 Mil. Therefore, Ever Harvest International Group's Asset Turnover for the quarter that ended in Sep. 2022 was 1.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Ever Harvest International Group's annualized ROE % for the quarter that ended in Sep. 2022 was 17,671.01%. It is also linked to ROA % through Du Pont Formula. Ever Harvest International Group's annualized ROA % for the quarter that ended in Sep. 2022 was -39,294.74%.

Ever Harvest International Group  (OTCPK:TLGN) Asset Turnover Explanation

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

Ever Harvest International Group's annulized ROE % for the quarter that ended in Sep. 2022 is

ROE %**(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=-14.932/-0.0845
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-14.932 / 0.168)*(0.168 / 0.038)*(0.038/ -0.0845)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8888.1 %*4.4211*-0.4497
=ROA %*Equity Multiplier
=-39,294.74 %*-0.4497
=17,671.01 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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:

Ever Harvest International Group's annulized ROA % for the quarter that ended in Sep. 2022 is

ROA %(Q: Sep. 2022 )
=Net Income/Total Assets
=-14.932/0.038
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-14.932 / 0.168)*(0.168 / 0.038)
=Net Margin %*Asset Turnover
=-8888.1 %*4.4211
=-39,294.74 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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.

Ever Harvest International Group Asset Turnover Related Terms

Ever Harvest International Group Asset Turnover Historical Data

* Premium members only.

The historical data trend for Ever Harvest International 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.

Ever Harvest International Group Asset Turnover Chart

Ever Harvest International Group Annual Data
Trend Dec20 Dec21
Asset Turnover
0.53 7.47

Ever Harvest International Group Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Asset Turnover Get a 7-Day Free Trial Premium Member Only 24.00 89.78 9.50 0.00 1.11

TLGN vs RCG, SYTE, JP: Asset Turnover Comparison

For the Asset Management subindustry, Ever Harvest International 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.

Ever Harvest International Group Asset Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Ever Harvest International Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Ever Harvest International Group's Asset Turnover falls into.


Ever Harvest International Group Asset Turnover Calculation

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

Ever Harvest International Group's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=0.489/( (0.123+0.008)/ 2 )
=0.489/0.0655
=7.47

Ever Harvest International Group's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=0.042/( (0+0.038)/ 1 )
=0.042/0.038
=1.11

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 1.11 mean?
Ever Harvest International Group (TLGN) has a Asset Turnover of 1.11 as of Sep. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Ever Harvest International Group and its competitors.
Is Ever Harvest International Group's Asset Turnover too high?
Ever Harvest International Group's current Asset Turnover is 1.11.
How does Ever Harvest International Group's Asset Turnover compare to RCG and SYTE?
Ever Harvest International Group's Asset Turnover of 1.11 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Asset Management company?
A good Asset Turnover depends on the Asset Management industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Ever Harvest International Group and its competitors. Ever Harvest International Group's current Asset Turnover is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ever Harvest International Group stock overvalued right now?
Ever Harvest International Group (TLGN) has a current Asset Turnover of 1.11. The current Asset Turnover is 1.11. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Ever Harvest International Group (TLGN), the current Asset Turnover is 1.11 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ever Harvest International Group Business Description

Address 23 Cameron Road, Suite F, 16th Floor, Tsim Sha Tsui, Hong Kong, HKG
Ever Harvest International Group Inc engaged in the development and sale of STEAM education platforms, aimed at serving the academic community in Hong Kong primary and secondary schools.