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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ovostar Union PCL's Revenue for the
three
months ended in Jun. 2024 was zł108.6 Mil. Ovostar Union PCL's Total Assets for the quarter that ended in Jun. 2024 was zł545.5 Mil. Therefore, Ovostar Union PCL's Asset Turnover for the quarter that ended in Jun. 2024 was 0.20.
Asset Turnover is linked to ROE % through Du Pont Formula. Ovostar Union PCL's annualizedROE % for the quarter that ended in Jun. 2024 was 19.83%. It is also linked to ROA % through Du Pont Formula. Ovostar Union PCL's annualizedROA % for the quarter that ended in Jun. 2024 was 17.94%.
Ovostar Union PCL (WAR:OVO) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Ovostar Union PCL's annulizedROE % for the quarter that ended in Jun. 2024 is
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:
Ovostar Union PCL's annulizedROA % for the quarter that ended in Jun. 2024 is
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.
Ovostar Union PCL Asset Turnover Related Terms
Ovostar Union PCL Asset Turnover Historical Data
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The historical data trend for Ovostar Union PCL'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.
WAR:OVO vs ADM, TSN, BG: Asset Turnover Comparison
For the Farm Products subindustry, Ovostar Union PCL'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.
Ovostar Union PCL Asset Turnover vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ovostar Union PCL's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Ovostar Union PCL's Asset Turnover falls into.
* 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.
Ovostar Union PCL (WAR:OVO) has a Asset Turnover of 0.20 as of Jun. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Ovostar Union PCL and its competitors.
Is Ovostar Union PCL's Asset Turnover too high?
Ovostar Union PCL's current Asset Turnover is 0.20. Overall, Ovostar Union PCL has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ovostar Union PCL's Asset Turnover compare to ADM and TSN?
Ovostar Union PCL's Asset Turnover of 0.20 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Consumer Packaged Goods company?
A good Asset Turnover depends on the Consumer Packaged Goods industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Ovostar Union PCL and its competitors. Ovostar Union PCL's current Asset Turnover is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ovostar Union PCL stock overvalued right now?
Ovostar Union PCL (WAR:OVO) has a current Asset Turnover of 0.20. The current Asset Turnover is 0.20. Ovostar Union PCL's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Ovostar Union PCL (WAR:OVO), the current Asset Turnover is 0.20 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Ovostar Union PCL is a vertically integrated public holding company, manufacturer, and exporter of chicken eggs and egg products. It offers a range of packed shell eggs under the Yasenvit brand name and egg products under the Ovostar brand name. It includes egg albumen, egg powder, egg white, and egg yolk, among others, and is sold to companies such as Nestle, Kraft Foods, and McDonald's, among others. Its segments are Egg and Egg Products.
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