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Matang Bhd (XKLS:0189) Asset Turnover : 0.02 (As of Sep. 2024)


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What is Matang Bhd Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Matang Bhd's Revenue for the three months ended in Sep. 2024 was RM6.05 Mil. Matang Bhd's Total Assets for the quarter that ended in Sep. 2024 was RM253.23 Mil. Therefore, Matang Bhd's Asset Turnover for the quarter that ended in Sep. 2024 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Matang Bhd's annualized ROE % for the quarter that ended in Sep. 2024 was 3.62%. It is also linked to ROA % through Du Pont Formula. Matang Bhd's annualized ROA % for the quarter that ended in Sep. 2024 was 3.54%.


Matang Bhd Asset Turnover Historical Data

The historical data trend for Matang Bhd'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.

Matang Bhd Asset Turnover Chart

Matang Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.07 0.08 0.06 0.07

Matang Bhd 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 0.02 0.02 0.01 0.02 0.02

Competitive Comparison of Matang Bhd's Asset Turnover

For the Farm Products subindustry, Matang Bhd'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.


Matang Bhd's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Matang Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Matang Bhd's Asset Turnover falls into.



Matang Bhd Asset Turnover Calculation

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

Matang Bhd's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=16.879/( (251.859+251.793)/ 2 )
=16.879/251.826
=0.07

Matang Bhd'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 )
=6.045/( (251.793+254.673)/ 2 )
=6.045/253.233
=0.02

* 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.


Matang Bhd  (XKLS:0189) Asset Turnover Explanation

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

Matang Bhd's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=8.956/247.305
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8.956 / 24.18)*(24.18 / 253.233)*(253.233/ 247.305)
=Net Margin %*Asset Turnover*Equity Multiplier
=37.04 %*0.0955*1.024
=ROA %*Equity Multiplier
=3.54 %*1.024
=3.62 %

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:

Matang Bhd's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=8.956/253.233
=(Net Income / Revenue)*(Revenue / Total Assets)
=(8.956 / 24.18)*(24.18 / 253.233)
=Net Margin %*Asset Turnover
=37.04 %*0.0955
=3.54 %

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.


Matang Bhd Asset Turnover Related Terms

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Matang Bhd Business Description

Traded in Other Exchanges
N/A
Address
8, Jalan Munshi Abdullah, Unit 39.02, Level 39, Menara Multi-Purpose, Capital Square, Kuala Lumpur, SGR, MYS, 50100
Matang Bhd is an investment holding company. The company is engaged in the management of plantation estate, the sale of fresh fruit bunches, and property investment. Its activities also include procuring germinated oil palm seeds, planting or replanting, field upkeeping that includes pruning, manuring and pest control, harvesting, transporting, and selling fresh fruit bunch (FFB). The company has one reportable segment i.e. management of plantation estate, cultivation of oil palm and durian, and sale of fresh fruit bunch and durian. Geographically, all of the company's operations are carried out in Malaysia.

Matang Bhd Headlines

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