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PBS Finanse (WAR:PBF) Asset Turnover : 0.01 (As of Sep. 2024)


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What is PBS Finanse Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PBS Finanse's Revenue for the three months ended in Sep. 2024 was zł0.08 Mil. PBS Finanse's Total Assets for the quarter that ended in Sep. 2024 was zł13.29 Mil. Therefore, PBS Finanse's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. PBS Finanse's annualized ROE % for the quarter that ended in Sep. 2024 was 15.06%. It is also linked to ROA % through Du Pont Formula. PBS Finanse's annualized ROA % for the quarter that ended in Sep. 2024 was 10.05%.


PBS Finanse Asset Turnover Historical Data

The historical data trend for PBS Finanse'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.

PBS Finanse Asset Turnover Chart

PBS Finanse Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.02 0.11 0.19 0.09

PBS Finanse Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.06 0.01 0.08 0.07 0.01

Competitive Comparison of PBS Finanse's Asset Turnover

For the Credit Services subindustry, PBS Finanse'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.


PBS Finanse's Asset Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PBS Finanse's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PBS Finanse's Asset Turnover falls into.


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PBS Finanse Asset Turnover Calculation

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

PBS Finanse'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 )
=0.962/( (10.285+12.016)/ 2 )
=0.962/11.1505
=0.09

PBS Finanse's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.083/( (13.1+13.48)/ 2 )
=0.083/13.29
=0.01

* 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.


PBS Finanse  (WAR:PBF) Asset Turnover Explanation

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

PBS Finanse's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1.336/8.874
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.336 / 0.332)*(0.332 / 13.29)*(13.29/ 8.874)
=Net Margin %*Asset Turnover*Equity Multiplier
=402.41 %*0.025*1.4976
=ROA %*Equity Multiplier
=10.05 %*1.4976
=15.06 %

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

PBS Finanse's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=1.336/13.29
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.336 / 0.332)*(0.332 / 13.29)
=Net Margin %*Asset Turnover
=402.41 %*0.025
=10.05 %

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


PBS Finanse Asset Turnover Related Terms

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PBS Finanse Business Description

Traded in Other Exchanges
N/A
Address
ul. Mickiewicza 29, Sanok, POL, 38-500
PBS Finanse SA is a financial service provider to individuals and corporate customers. The company focuses on three areas namely credit intermediation, fast loan, and financial leasing. It also provides services in factoring, insurance, loan, and debt collection sector as well as operations related to software and consultancy in the field of Computer Science and related activities.