Holland Colours (XAMS:HOLCO) Asset Turnover

: 0.79 (As of Sep. 2022)

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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. Holland Colours's Revenue for the six months ended in Sep. 2022 was €62.9 Mil. Holland Colours's Total Assets for the quarter that ended in Sep. 2022 was €79.3 Mil. Therefore, Holland Colours's Asset Turnover for the quarter that ended in Sep. 2022 was 0.79.

Asset Turnover is linked to ROE % through Du Pont Formula. Holland Colours's annualized ROE % for the quarter that ended in Sep. 2022 was 13.90%. It is also linked to ROA % through Du Pont Formula. Holland Colours's annualized ROA % for the quarter that ended in Sep. 2022 was 10.32%.

Holland Colours Asset Turnover Historical Data

The historical data trend for Holland Colours'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.

Holland Colours Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Asset Turnover

1.68

1.46

1.49

Holland Colours Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Asset Turnover																0.75	0.70	0.79	0.74	0.79

Competitive Comparison

For the Specialty Chemicals subindustry, Holland Colours'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.

Annual Data Quarterly Data

Holland Colours Asset Turnover Distribution

For the Chemicals industry and Basic Materials sector, Holland Colours's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Holland Colours's Asset Turnover falls in comparison to its industry or sector. The grey bar indicates the Asset Turnover's extreme value range as defined by GuruFocus.

Holland Colours Asset Turnover Calculation

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

Holland Colours's Asset Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2022 )	/	( (Total Assets (A: Mar. 2021 )	+	Total Assets (A: Mar. 2022 ))	/ count )
=	110.465	/	( (68.725	+	79.616)	/ 2 )
=	110.465	/	74.1705
=	1.49

Holland Colours's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	62.921	/	( (79.616	+	78.899)	/ 2 )
=	62.921	/	79.2575
=	0.79

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.

Holland Colours (XAMS:HOLCO) Asset Turnover Explanation

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

Holland Colours's annulized ROE % for the quarter that ended in Sep. 2022 is

	ROE %^**		(Q: Sep. 2022 )
=	Net Income	/	Total Stockholders Equity
=	8.18	/	58.855
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(8.18 / 125.842)	*	(125.842 / 79.2575)	*	(79.2575/ 58.855)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	6.5 %	*	1.5878	*	1.3467
=	ROA %	*	Equity Multiplier
=	10.32 %	*	1.3467
=	13.90 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2022) net income data. The Revenue data used here is two times the semi-annual (Sep. 2022) 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:

Holland Colours's annulized ROA % for the quarter that ended in Sep. 2022 is

	ROA %		(Q: Sep. 2022 )
=	Net Income	/	Total Assets
=	8.18	/	79.2575
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(8.18 / 125.842)	*	(125.842 / 79.2575)
=	Net Margin %	*	Asset Turnover
=	6.5 %	*	1.5878
=	10.32 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2022) net income data. The Revenue data used here is two times the semi-annual (Sep. 2022) 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.

Holland Colours Asset Turnover Related Terms

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Holland Colours (XAMS:HOLCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Holland Colours (XAMS:HOLCO) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

HCY:Germany

Address

Halvemaanweg 1, P.O. Box 720, Apeldoorn, GE, NLD, 7323 RW

Website

https://www.hollandcolours.com

Holland Colours creates and manufactures high-quality solid and liquid colorants, masterbatches and additives. The company and its subsidiaries manufacture, distribute, and sell color concentrates. Its products are designed to be well suited for coloring rigid and flexible polyvinyl chloride, pet, polyolefins and other polymers. The company serves many different markets which include building and construction but is not limited to, profiles, pipes, siding, and cladding. In addition, to serving these markets, it also offers color concentrates for coatings, elastomers, adhesives and other applications. The company operates geographically across Europe, the United States of America and Asia.

Holland Colours (XAMS:HOLCO) Headlines

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