GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kyoritsu Co Ltd (TSE:7795) » Definitions » Asset Turnover

Kyoritsu Co (TSE:7795) Asset Turnover : 0.25 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Kyoritsu 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. Kyoritsu Co's Revenue for the three months ended in Mar. 2024 was 円10,563 Mil. Kyoritsu Co's Total Assets for the quarter that ended in Mar. 2024 was 円42,994 Mil. Therefore, Kyoritsu Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.25.

Asset Turnover is linked to ROE % through Du Pont Formula. Kyoritsu Co's annualized ROE % for the quarter that ended in Mar. 2024 was 5.67%. It is also linked to ROA % through Du Pont Formula. Kyoritsu Co's annualized ROA % for the quarter that ended in Mar. 2024 was 2.22%.


Kyoritsu Co Asset Turnover Historical Data

The historical data trend for Kyoritsu 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.

Kyoritsu Co Asset Turnover Chart

Kyoritsu Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial - - - 1.85 0.93

Kyoritsu Co Quarterly Data
Mar18 Mar19 Mar20 Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 0.23 0.21 0.26 0.25

Competitive Comparison of Kyoritsu Co's Asset Turnover

For the Conglomerates subindustry, Kyoritsu 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.


Kyoritsu Co's Asset Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kyoritsu Co's Asset Turnover distribution charts can be found below:

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



Kyoritsu Co Asset Turnover Calculation

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

Kyoritsu Co's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=40022.398/( (42877.892+42807.071)/ 2 )
=40022.398/42842.4815
=0.93

Kyoritsu Co'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 )
=10563.375/( (43181.513+42807.071)/ 2 )
=10563.375/42994.292
=0.25

* 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.


Kyoritsu Co  (TSE:7795) Asset Turnover Explanation

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

Kyoritsu Co's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=955.244/16846.903
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(955.244 / 42253.5)*(42253.5 / 42994.292)*(42994.292/ 16846.903)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.26 %*0.9828*2.5521
=ROA %*Equity Multiplier
=2.22 %*2.5521
=5.67 %

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.

* 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:

Kyoritsu Co's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=955.244/42994.292
=(Net Income / Revenue)*(Revenue / Total Assets)
=(955.244 / 42253.5)*(42253.5 / 42994.292)
=Net Margin %*Asset Turnover
=2.26 %*0.9828
=2.22 %

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.

* 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.


Kyoritsu Co Asset Turnover Related Terms

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


Kyoritsu Co Business Description

Traded in Other Exchanges
N/A
Address
36-1, Shimizu-cho, Itabashi-ku, Tokyo, JPN, 174-8860
Kyoritsu Co Ltd is a Business strategy formulation and management of group companies engaged in general printing business, BPO business, digital business, environmental business and others.

Kyoritsu Co Headlines

No Headlines