GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Baba Eco Group Bhd (XKLS:03012) » Definitions » Asset Turnover

Baba Eco Group Bhd (XKLS:03012) Asset Turnover : 0.19 (As of Apr. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Baba Eco Group 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. Baba Eco Group Bhd's Revenue for the six months ended in Apr. 2024 was RM14.32 Mil. Baba Eco Group Bhd's Total Assets for the quarter that ended in Apr. 2024 was RM76.15 Mil. Therefore, Baba Eco Group Bhd's Asset Turnover for the quarter that ended in Apr. 2024 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. Baba Eco Group Bhd's annualized ROE % for the quarter that ended in Apr. 2024 was 2.38%. It is also linked to ROA % through Du Pont Formula. Baba Eco Group Bhd's annualized ROA % for the quarter that ended in Apr. 2024 was 1.78%.


Baba Eco Group Bhd Asset Turnover Historical Data

The historical data trend for Baba Eco Group 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.

Baba Eco Group Bhd Asset Turnover Chart

Baba Eco Group Bhd Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.67 0.81 0.98 0.62 0.45

Baba Eco Group Bhd Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 0.34 0.28 0.23 0.22 0.19

Competitive Comparison of Baba Eco Group Bhd's Asset Turnover

For the Home Improvement Retail subindustry, Baba Eco Group 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.


Baba Eco Group Bhd's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Baba Eco Group Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Baba Eco Group Bhd's Asset Turnover falls into.



Baba Eco Group Bhd Asset Turnover Calculation

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

Baba Eco Group Bhd's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=33.905/( (73.621+77.262)/ 2 )
=33.905/75.4415
=0.45

Baba Eco Group Bhd's Asset Turnover for the quarter that ended in Apr. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Apr. 2024 ))/ count )
=14.32/( (77.262+75.042)/ 2 )
=14.32/76.152
=0.19

* 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.


Baba Eco Group Bhd  (XKLS:03012) Asset Turnover Explanation

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

Baba Eco Group Bhd's annulized ROE % for the quarter that ended in Apr. 2024 is

ROE %**(Q: Apr. 2024 )
=Net Income/Total Stockholders Equity
=1.354/56.9765
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.354 / 28.64)*(28.64 / 76.152)*(76.152/ 56.9765)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.73 %*0.3761*1.3366
=ROA %*Equity Multiplier
=1.78 %*1.3366
=2.38 %

Note: The Net Income data used here is two times the semi-annual (Apr. 2024) net income data. The Revenue data used here is two times the semi-annual (Apr. 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:

Baba Eco Group Bhd's annulized ROA % for the quarter that ended in Apr. 2024 is

ROA %(Q: Apr. 2024 )
=Net Income/Total Assets
=1.354/76.152
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.354 / 28.64)*(28.64 / 76.152)
=Net Margin %*Asset Turnover
=4.73 %*0.3761
=1.78 %

Note: The Net Income data used here is two times the semi-annual (Apr. 2024) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.


Baba Eco Group Bhd Asset Turnover Related Terms

Thank you for viewing the detailed overview of Baba Eco Group Bhd's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Baba Eco Group Bhd Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 1384, Atas Lot 841, MK-1, Jalan Tasek, Seberang Perai Selatan, Pulau Pinang, Simpang Ampat, MYS, 14120
Baba Eco Group Bhd is an integrated gardening supplies provider under brand name Baba. The business activities of the group include manufacturing and trading of a diversified range of eco-friendly biodegradable flower pots and planting media; the processing and trading of organic fertilizers and natural pesticides; and the trading of a diversified range of gardening accessories, seeds and agricultural produce. Geographically it serves both Malaysian and other international market.

Baba Eco Group Bhd Headlines

No Headlines