GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Olba Healthcare Holdings Inc (TSE:2689) » Definitions » Asset Turnover

Olba Healthcare Holdings (TSE:2689) Asset Turnover : 0.65 (As of Jun. 2024)


View and export this data going back to 2000. Start your Free Trial

What is Olba Healthcare Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Olba Healthcare Holdings's Revenue for the three months ended in Jun. 2024 was 円29,163 Mil. Olba Healthcare Holdings's Total Assets for the quarter that ended in Jun. 2024 was 円44,684 Mil. Therefore, Olba Healthcare Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.65.

Asset Turnover is linked to ROE % through Du Pont Formula. Olba Healthcare Holdings's annualized ROE % for the quarter that ended in Jun. 2024 was 13.89%. It is also linked to ROA % through Du Pont Formula. Olba Healthcare Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 3.45%.


Olba Healthcare Holdings Asset Turnover Historical Data

The historical data trend for Olba Healthcare Holdings'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.

Olba Healthcare Holdings Asset Turnover Chart

Olba Healthcare Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.20 2.91 2.82 2.73 2.82

Olba Healthcare Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.67 0.67 0.71 0.71 0.65

Competitive Comparison of Olba Healthcare Holdings's Asset Turnover

For the Medical Distribution subindustry, Olba Healthcare Holdings'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.


Olba Healthcare Holdings's Asset Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Olba Healthcare Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Olba Healthcare Holdings's Asset Turnover falls into.



Olba Healthcare Holdings Asset Turnover Calculation

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

Olba Healthcare Holdings's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=118564.924/( (40878.181+43237.194)/ 2 )
=118564.924/42057.6875
=2.82

Olba Healthcare Holdings's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=29162.817/( (46131.096+43237.194)/ 2 )
=29162.817/44684.145
=0.65

* 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.


Olba Healthcare Holdings  (TSE:2689) Asset Turnover Explanation

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

Olba Healthcare Holdings's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=1540.624/11090.326
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1540.624 / 116651.268)*(116651.268 / 44684.145)*(44684.145/ 11090.326)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.32 %*2.6106*4.0291
=ROA %*Equity Multiplier
=3.45 %*4.0291
=13.89 %

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

Olba Healthcare Holdings's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=1540.624/44684.145
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1540.624 / 116651.268)*(116651.268 / 44684.145)
=Net Margin %*Asset Turnover
=1.32 %*2.6106
=3.45 %

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


Olba Healthcare Holdings Asset Turnover Related Terms

Thank you for viewing the detailed overview of Olba Healthcare Holdings's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Olba Healthcare Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Building, 1-1-3 Shimoishii, 8th Floor, Nippon Life Okayama, Kita-ku, Okayama Prefecture, Okayama, JPN, 700-0907
Olba Healthcare Holdings Inc is a Japan-based holding company that engages in the wholesale distribution of medical diagnostic equipment and medical materials. It operates through the following business divisions: Medical Equipment, Supply, Processing, and Distribution (SPD), and Nursing Care Products.

Olba Healthcare Holdings Headlines

No Headlines