RWT AG (WBO:RWT) Asset Turnover : 0.77 (As of Jan. 2023)

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What is RWT AG Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. RWT AG's Revenue for the six months ended in Jan. 2023 was €7.08 Mil. RWT AG's Total Assets for the quarter that ended in Jan. 2023 was €9.15 Mil. Therefore, RWT AG's Asset Turnover for the quarter that ended in Jan. 2023 was 0.77.

Asset Turnover is linked to ROE % through Du Pont Formula. RWT AG's annualized ROE % for the quarter that ended in Jan. 2023 was 43.91%. It is also linked to ROA % through Du Pont Formula. RWT AG's annualized ROA % for the quarter that ended in Jan. 2023 was 20.35%.

RWT AG Asset Turnover Historical Data

The historical data trend for RWT AG'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.

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RWT AG Asset Turnover Chart

RWT AG Annual Data

Trend

Jan21

Jan22

Jan23

Asset Turnover

0.53

0.69

0.77

RWT AG Semi-Annual Data
	Jan21	Jan22	Jan23
Asset Turnover	0.53	0.69	0.77

Competitive Comparison of RWT AG's Asset Turnover

For the Specialty Industrial Machinery subindustry, RWT AG'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.

RWT AG's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RWT AG's Asset Turnover distribution charts can be found below:

* The bar in red indicates where RWT AG's Asset Turnover falls into.

RWT AG Asset Turnover Calculation

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

RWT AG's Asset Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jan. 2023 )	/	( (Total Assets (A: Jan. 2022 )	+	Total Assets (A: Jan. 2023 ))	/ count )
=	7.078	/	( (9.026	+	9.27)	/ 2 )
=	7.078	/	9.148
=	0.77

RWT AG's Asset Turnover for the quarter that ended in Jan. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jan. 2023 )	/	( (Total Assets (Q: Jan. 2022 )	+	Total Assets (Q: Jan. 2023 ))	/ count )
=	7.078	/	( (9.026	+	9.27)	/ 2 )
=	7.078	/	9.148
=	0.77

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.

RWT AG (WBO:RWT) Asset Turnover Explanation

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

RWT AG's annulized ROE % for the quarter that ended in Jan. 2023 is

	ROE %^**		(Q: Jan. 2023 )
=	Net Income	/	Total Stockholders Equity
=	1.862	/	4.2405
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(1.862 / 14.156)	*	(14.156 / 9.148)	*	(9.148/ 4.2405)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	13.15 %	*	1.5474	*	2.1573
=	ROA %	*	Equity Multiplier
=	20.35 %	*	2.1573
=	43.91 %

Note: The Net Income data used here is two times the semi-annual (Jan. 2023) net income data. The Revenue data used here is two times the semi-annual (Jan. 2023) revenue data.

^** 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:

RWT AG's annulized ROA % for the quarter that ended in Jan. 2023 is

	ROA %		(Q: Jan. 2023 )
=	Net Income	/	Total Assets
=	1.862	/	9.148
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(1.862 / 14.156)	*	(14.156 / 9.148)
=	Net Margin %	*	Asset Turnover
=	13.15 %	*	1.5474
=	20.35 %

Note: The Net Income data used here is two times the semi-annual (Jan. 2023) net income data. The Revenue data used here is two times the semi-annual (Jan. 2023) revenue data.

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.

RWT AG Asset Turnover Related Terms

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RWT AG (WBO:RWT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RWT AG (WBO:RWT) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gseng 90, Russbach, Salzburg, AUT, 5442

Website

https://www.rwt.ag

RWT AG is a manufacturing company whose focus is on toolmaking, mold making, prototyping and assembly production. They also manufacture engine components and precision parts on a contract basis, including for the automotive, aircraft and motorsport industries.