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SBH Marine Holdings Bhd (XKLS:0300) Asset Turnover : 0.39 (As of Sep. 2024)


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What is SBH Marine Holdings 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. SBH Marine Holdings Bhd's Revenue for the three months ended in Sep. 2024 was RM57.17 Mil. SBH Marine Holdings Bhd's Total Assets for the quarter that ended in Sep. 2024 was RM147.44 Mil. Therefore, SBH Marine Holdings Bhd's Asset Turnover for the quarter that ended in Sep. 2024 was 0.39.

Asset Turnover is linked to ROE % through Du Pont Formula. SBH Marine Holdings Bhd's annualized ROE % for the quarter that ended in Sep. 2024 was -2.27%. It is also linked to ROA % through Du Pont Formula. SBH Marine Holdings Bhd's annualized ROA % for the quarter that ended in Sep. 2024 was -2.02%.


SBH Marine Holdings Bhd Asset Turnover Historical Data

The historical data trend for SBH Marine Holdings 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.

SBH Marine Holdings Bhd Asset Turnover Chart

SBH Marine Holdings Bhd Annual Data
Trend Dec20 Dec21 Dec22
Asset Turnover
1.37 1.89 1.82

SBH Marine Holdings Bhd Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23 Jun24 Sep24
Asset Turnover Get a 7-Day Free Trial - 0.44 - 0.27 0.39

Competitive Comparison of SBH Marine Holdings Bhd's Asset Turnover

For the Packaged Foods subindustry, SBH Marine Holdings 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.


SBH Marine Holdings Bhd's Asset Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where SBH Marine Holdings Bhd's Asset Turnover falls into.



SBH Marine Holdings Bhd Asset Turnover Calculation

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

SBH Marine Holdings Bhd's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=184.957/( (100.67+102.446)/ 2 )
=184.957/101.558
=1.82

SBH Marine Holdings 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 )
=57.165/( (146.928+147.957)/ 2 )
=57.165/147.4425
=0.39

* 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.


SBH Marine Holdings Bhd  (XKLS:0300) Asset Turnover Explanation

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

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

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-2.972/131.063
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.972 / 228.66)*(228.66 / 147.4425)*(147.4425/ 131.063)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.3 %*1.5508*1.125
=ROA %*Equity Multiplier
=-2.02 %*1.125
=-2.27 %

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:

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

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-2.972/147.4425
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.972 / 228.66)*(228.66 / 147.4425)
=Net Margin %*Asset Turnover
=-1.3 %*1.5508
=-2.02 %

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.


SBH Marine Holdings Bhd Asset Turnover Related Terms

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SBH Marine Holdings Bhd Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Jalan Pantai, Lot 1744, Batu 13, Kuala Kurau, PRK, MYS
SBH Marine Holdings Bhd is a frozen seafood processing group. It involves various stages of the value chain, from aquaculture shrimp farming to the processing and sale of frozen seafood products to both local as well as overseas customers, merchant trading of frozen processed seafood products, and distribution and trading of aquaculture-related products (such as shrimp feed, post larvae, probiotics, and test kits).n Key revenue is generated from the processing and sale of frozen seafood products which includes shrimps and cephalopods in the form of block frozen, semiIQF and IQF.

SBH Marine Holdings Bhd Headlines

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