Chernomorski Holding AD (XBUL:CHL) Asset Turnover : 0.00 (As of . 20)

View and export this data going back to 1998. Start your Free Trial

What is Chernomorski Holding AD Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Chernomorski Holding AD's Revenue for the six months ended in . 20 was лв Mil. Chernomorski Holding AD's Total Assets for the quarter that ended in . 20 was лв Mil. Therefore, Chernomorski Holding AD's Asset Turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Chernomorski Holding AD's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. Chernomorski Holding AD's annualized ROA % for the quarter that ended in . 20 was %.

Chernomorski Holding AD Asset Turnover Historical Data

The historical data trend for Chernomorski Holding AD'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.

Chernomorski Holding AD Asset Turnover Chart

Chernomorski Holding AD Annual Data

Trend

Asset Turnover

Chernomorski Holding AD Semi-Annual Data

Asset Turnover

Competitive Comparison of Chernomorski Holding AD's Asset Turnover

For the Insurance - Diversified subindustry, Chernomorski Holding AD'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.

Chernomorski Holding AD's Asset Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Chernomorski Holding AD's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Chernomorski Holding AD's Asset Turnover falls into.

Chernomorski Holding AD Asset Turnover Calculation

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

Chernomorski Holding AD's Asset Turnover for the fiscal year that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: . 20 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

Chernomorski Holding AD's Asset Turnover for the quarter that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: . 20 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

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.

Chernomorski Holding AD (XBUL:CHL) Asset Turnover Explanation

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

Chernomorski Holding AD's annulized ROE % for the quarter that ended in . 20 is

	ROE %^**		(Q: . 20 )
=	Net Income	/	Total Stockholders Equity
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	( / )	*	( / )	*	(/ )
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*		*
=	ROA %	*	Equity Multiplier
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) 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:

Chernomorski Holding AD's annulized ROA % for the quarter that ended in . 20 is

	ROA %		(Q: . 20 )
=	Net Income	/	Total Assets
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	( / )	*	( / )
=	Net Margin %	*	Asset Turnover
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) 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.

Chernomorski Holding AD Asset Turnover Related Terms

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