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Winstar Display Co (TPE:6916) Asset Turnover : 0.20 (As of Dec. 2024)


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What is Winstar Display Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Winstar Display Co's Revenue for the three months ended in Dec. 2024 was NT$490 Mil. Winstar Display Co's Total Assets for the quarter that ended in Dec. 2024 was NT$2,459 Mil. Therefore, Winstar Display Co's Asset Turnover for the quarter that ended in Dec. 2024 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Winstar Display Co's annualized ROE % for the quarter that ended in Dec. 2024 was 5.70%. It is also linked to ROA % through Du Pont Formula. Winstar Display Co's annualized ROA % for the quarter that ended in Dec. 2024 was 2.63%.


Winstar Display Co Asset Turnover Historical Data

The historical data trend for Winstar Display Co'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.

Winstar Display Co Asset Turnover Chart

Winstar Display Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial 1.01 1.13 1.34 0.96 0.85

Winstar Display Co Quarterly Data
Dec19 Dec20 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 0.21 0.20 0.21 0.23 0.20

Competitive Comparison of Winstar Display Co's Asset Turnover

For the Electronic Components subindustry, Winstar Display Co'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.


Winstar Display Co's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Winstar Display Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Winstar Display Co's Asset Turnover falls into.


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Winstar Display Co Asset Turnover Calculation

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

Winstar Display Co's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=2033.923/( (2298.684+2485.445)/ 2 )
=2033.923/2392.0645
=0.85

Winstar Display Co'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 )
=490.051/( (2431.91+2485.445)/ 2 )
=490.051/2458.6775
=0.20

* 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.


Winstar Display Co  (TPE:6916) Asset Turnover Explanation

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

Winstar Display Co's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=64.744/1136.6535
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(64.744 / 1960.204)*(1960.204 / 2458.6775)*(2458.6775/ 1136.6535)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.3 %*0.7973*2.1631
=ROA %*Equity Multiplier
=2.63 %*2.1631
=5.70 %

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:

Winstar Display Co's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=64.744/2458.6775
=(Net Income / Revenue)*(Revenue / Total Assets)
=(64.744 / 1960.204)*(1960.204 / 2458.6775)
=Net Margin %*Asset Turnover
=3.3 %*0.7973
=2.63 %

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.


Winstar Display Co Asset Turnover Related Terms

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Winstar Display Co Business Description

Traded in Other Exchanges
N/A
Address
No. 43, Keya Road, 2nd Floor, Daya District, Taichung City, TWN, 428
Winstar Display Co Ltd engages in the manufacturing and development of Industrial LCD Displays including monochrome, various display modules, and System Integrated Solutions. It offers a wide range of standard and total/semi-custom design LCD module displays and PMOLED display modules. The company's operating revenue mainly comes from the production and sales of LCD modules and OLED display modules. Its LCM modules product lines include monochrome TN/STN/FSTN character module LCD and graphic LCD modules, COG LCD, FSC-LCD, VATN LCM module. The company's reportable segments consist of Domestic operations, covering production and sales within the domestic region; Asian operations, encompassing production and sales in Asia; and Others, comprising sales in additional areas.

Winstar Display Co Headlines

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