GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Baroque Japan Ltd (TSE:3548) » Definitions » Asset Turnover

Baroque Japan (TSE:3548) Asset Turnover : 0.36 (As of Aug. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Baroque Japan Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Baroque Japan's Revenue for the three months ended in Aug. 2024 was 円13,854 Mil. Baroque Japan's Total Assets for the quarter that ended in Aug. 2024 was 円38,097 Mil. Therefore, Baroque Japan's Asset Turnover for the quarter that ended in Aug. 2024 was 0.36.

Asset Turnover is linked to ROE % through Du Pont Formula. Baroque Japan's annualized ROE % for the quarter that ended in Aug. 2024 was -8.68%. It is also linked to ROA % through Du Pont Formula. Baroque Japan's annualized ROA % for the quarter that ended in Aug. 2024 was -4.13%.


Baroque Japan Asset Turnover Historical Data

The historical data trend for Baroque Japan'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.

Baroque Japan Asset Turnover Chart

Baroque Japan Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Feb20 Feb21 Feb22 Feb23 Feb24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 1.66 1.32 1.54 1.55 1.62

Baroque Japan Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 0.37 0.41 0.42 0.37 0.36

Competitive Comparison of Baroque Japan's Asset Turnover

For the Apparel Retail subindustry, Baroque Japan'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.


Baroque Japan's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Baroque Japan's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Baroque Japan's Asset Turnover falls into.


;
;

Baroque Japan Asset Turnover Calculation

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

Baroque Japan's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=60290/( (37245+37261)/ 2 )
=60290/37253
=1.62

Baroque Japan's Asset Turnover for the quarter that ended in Aug. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Aug. 2024 )/( (Total Assets (Q: May. 2024 )+Total Assets (Q: Aug. 2024 ))/ count )
=13854/( (37978+38215)/ 2 )
=13854/38096.5
=0.36

* 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.


Baroque Japan  (TSE:3548) Asset Turnover Explanation

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

Baroque Japan's annulized ROE % for the quarter that ended in Aug. 2024 is

ROE %**(Q: Aug. 2024 )
=Net Income/Total Stockholders Equity
=-1572/18118
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1572 / 55416)*(55416 / 38096.5)*(38096.5/ 18118)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.84 %*1.4546*2.1027
=ROA %*Equity Multiplier
=-4.13 %*2.1027
=-8.68 %

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

Baroque Japan's annulized ROA % for the quarter that ended in Aug. 2024 is

ROA %(Q: Aug. 2024 )
=Net Income/Total Assets
=-1572/38096.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1572 / 55416)*(55416 / 38096.5)
=Net Margin %*Asset Turnover
=-2.84 %*1.4546
=-4.13 %

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


Baroque Japan Asset Turnover Related Terms

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


Baroque Japan Business Description

Traded in Other Exchanges
N/A
Address
4-7-7 Aobadai, Sumitomo Realty & Development Aobadai Hills, Meguro-ku, Tokyo, JPN, 153-0042
Baroque Japan Ltd operates as a holding company which engages in the operation of apparels and accessory franchise stores. The company provides fashion building and train station building apparels, shopping center apparels, department store apparels, non-store (mail order-wholesale), shoes, and own branded stores and online shopping malls.

Baroque Japan Headlines

No Headlines