Coraza Integrated Technology Bhd (XKLS:0240) Asset Turnover : 0.12 (As of Mar. 2024)

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What is Coraza Integrated Technology 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. Coraza Integrated Technology Bhd's Revenue for the three months ended in Mar. 2024 was RM19.75 Mil. Coraza Integrated Technology Bhd's Total Assets for the quarter that ended in Mar. 2024 was RM164.50 Mil. Therefore, Coraza Integrated Technology Bhd's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Coraza Integrated Technology Bhd's annualized ROE % for the quarter that ended in Mar. 2024 was -4.22%. It is also linked to ROA % through Du Pont Formula. Coraza Integrated Technology Bhd's annualized ROA % for the quarter that ended in Mar. 2024 was -3.22%.

Coraza Integrated Technology Bhd Asset Turnover Historical Data

The historical data trend for Coraza Integrated Technology 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.

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Coraza Integrated Technology Bhd Asset Turnover Chart

Coraza Integrated Technology Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Turnover

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1.17

1.47

1.35

1.20

0.53

Coraza Integrated Technology Bhd Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Asset Turnover	Get a 7-Day Free Trial											0.21	0.16	0.11	0.10	0.12

Competitive Comparison of Coraza Integrated Technology Bhd's Asset Turnover

For the Metal Fabrication subindustry, Coraza Integrated Technology 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.

Coraza Integrated Technology Bhd's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Coraza Integrated Technology Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Coraza Integrated Technology Bhd's Asset Turnover falls into.

Coraza Integrated Technology Bhd Asset Turnover Calculation

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

Coraza Integrated Technology Bhd'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 )
=	80.679	/	( (140.485	+	163.082)	/ 2 )
=	80.679	/	151.7835
=	0.53

Coraza Integrated Technology Bhd's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	19.754	/	( (163.082	+	165.922)	/ 2 )
=	19.754	/	164.502
=	0.12

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.

Coraza Integrated Technology Bhd (XKLS:0240) Asset Turnover Explanation

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

Coraza Integrated Technology Bhd's annulized ROE % for the quarter that ended in Mar. 2024 is

	ROE %^**		(Q: Mar. 2024 )
=	Net Income	/	Total Stockholders Equity
=	-5.292	/	125.2565
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-5.292 / 79.016)	*	(79.016 / 164.502)	*	(164.502/ 125.2565)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-6.7 %	*	0.4803	*	1.3133
=	ROA %	*	Equity Multiplier
=	-3.22 %	*	1.3133
=	-4.22 %

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

Coraza Integrated Technology Bhd's annulized ROA % for the quarter that ended in Mar. 2024 is

	ROA %		(Q: Mar. 2024 )
=	Net Income	/	Total Assets
=	-5.292	/	164.502
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-5.292 / 79.016)	*	(79.016 / 164.502)
=	Net Margin %	*	Asset Turnover
=	-6.7 %	*	0.4803
=	-3.22 %

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

Coraza Integrated Technology Bhd Asset Turnover Related Terms

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Coraza Integrated Technology Bhd (XKLS:0240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Coraza Integrated Technology Bhd (XKLS:0240) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Industri Bukit Panchor, Lot 2777, Lorong Industri 5, Pulau Pinang, Nibong Tebal, PNG, MYS, 14300

Website

https://www.corazaintech.com

Coraza Integrated Technology Bhd is principally involved in the fabrication of sheet metal and precision machined components, as well as the provision of related services, such as design and development and value-added sub-module assembly services. The company support customers in various industries including semiconductor, instrumentation, life science and medical devices, telecommunications, aerospace, and others.

Coraza Integrated Technology Bhd (XKLS:0240) Headlines

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