Ton Yi Industrial (TPE:9907) Asset Turnover : 0.28 (As of Mar. 2024)

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What is Ton Yi Industrial Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ton Yi Industrial's Revenue for the three months ended in Mar. 2024 was NT$9,370 Mil. Ton Yi Industrial's Total Assets for the quarter that ended in Mar. 2024 was NT$33,220 Mil. Therefore, Ton Yi Industrial's Asset Turnover for the quarter that ended in Mar. 2024 was 0.28.

Asset Turnover is linked to ROE % through Du Pont Formula. Ton Yi Industrial's annualized ROE % for the quarter that ended in Mar. 2024 was 3.18%. It is also linked to ROA % through Du Pont Formula. Ton Yi Industrial's annualized ROA % for the quarter that ended in Mar. 2024 was 1.84%.

Ton Yi Industrial Asset Turnover Historical Data

The historical data trend for Ton Yi Industrial'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.

Ton Yi Industrial Asset Turnover Chart

Ton Yi Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Turnover

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0.90

0.86

1.16

1.20

1.04

Ton Yi Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Asset Turnover	Get a 7-Day Free Trial															0.26	0.29	0.25	0.24	0.28

Competitive Comparison of Ton Yi Industrial's Asset Turnover

For the Packaging & Containers subindustry, Ton Yi Industrial'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.

Ton Yi Industrial's Asset Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ton Yi Industrial's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Ton Yi Industrial's Asset Turnover falls into.

Ton Yi Industrial Asset Turnover Calculation

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

Ton Yi Industrial's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
=	35240.202	/	( (34905.963	+	32572.84)	/ 2 )
=	35240.202	/	33739.4015
=	1.04

Ton Yi Industrial's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	9370.338	/	( (32572.84	+	33866.624)	/ 2 )
=	9370.338	/	33219.732
=	0.28

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.

Ton Yi Industrial (TPE:9907) Asset Turnover Explanation

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

Ton Yi Industrial's annulized ROE % for the quarter that ended in Mar. 2024 is

	ROE %^**		(Q: Mar. 2024 )
=	Net Income	/	Total Stockholders Equity
=	612.42	/	19248.932
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(612.42 / 37481.352)	*	(37481.352 / 33219.732)	*	(33219.732/ 19248.932)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	1.63 %	*	1.1283	*	1.7258
=	ROA %	*	Equity Multiplier
=	1.84 %	*	1.7258
=	3.18 %

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

^** 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:

Ton Yi Industrial's annulized ROA % for the quarter that ended in Mar. 2024 is

	ROA %		(Q: Mar. 2024 )
=	Net Income	/	Total Assets
=	612.42	/	33219.732
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(612.42 / 37481.352)	*	(37481.352 / 33219.732)
=	Net Margin %	*	Asset Turnover
=	1.63 %	*	1.1283
=	1.84 %

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

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.

Ton Yi Industrial Asset Turnover Related Terms

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Ton Yi Industrial (TPE:9907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ton Yi Industrial Corp (TPE:9907) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.837, Zhongzheng North Road, YongKang District, Tainan City, TWN, 710002

Website

https://www.tonyi.com.tw

Ton Yi Industrial Corp manufactures and sells a variety of packaging products. The company's primary product categories include cold rolled carbon steel, tin plates, tin cans, and polyethylene terephthalate (PET). Cold rolled carbon steel is sold to manufacturers of buckets, electric parts, steel tubes, and car parts. Tin plates are sold to manufacturers of nozzles, spouts, crown caps, and can liners. Tin cans are typically sold to the food industry, while PET is used to make plastic bottles, caps, and labels for the beverage industry.

Ton Yi Industrial (TPE:9907) Headlines

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