Go Innovate Asia Bhd (XKLS:03028) Asset Turnover: 16.71 (As of Jun. 2025)


What is Go Innovate Asia Bhd Asset Turnover?

Go Innovate Asia Bhd XKLS:03028 Asset Turnover is 16.71 as of Jun. 2025. The stock has 3 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Go Innovate Asia Bhd's Revenue for the six months ended in Jun. 2025 was RM2,001 Mil. Go Innovate Asia Bhd's Total Assets for the quarter that ended in Jun. 2025 was RM120 Mil. Therefore, Go Innovate Asia Bhd's Asset Turnover for the quarter that ended in Jun. 2025 was 16.71.

Asset Turnover is linked to ROE % through Du Pont Formula. Go Innovate Asia Bhd's annualized ROE % for the quarter that ended in Jun. 2025 was 36.04%. It is also linked to ROA % through Du Pont Formula. Go Innovate Asia Bhd's annualized ROA % for the quarter that ended in Jun. 2025 was 3.45%.

Go Innovate Asia Bhd  (XKLS:03028) Asset Turnover Explanation

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

Go Innovate Asia Bhd's annulized ROE % for the quarter that ended in Jun. 2025 is

ROE %**(Q: Jun. 2025 )
=Net Income/Total Stockholders Equity
=4.13/11.458
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.13 / 4002.734)*(4002.734 / 119.766)*(119.766/ 11.458)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.1 %*33.4213*10.4526
=ROA %*Equity Multiplier
=3.45 %*10.4526
=36.04 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2025) net income data. The Revenue data used here is two times the semi-annual (Jun. 2025) 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:

Go Innovate Asia Bhd's annulized ROA % for the quarter that ended in Jun. 2025 is

ROA %(Q: Jun. 2025 )
=Net Income/Total Assets
=4.13/119.766
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4.13 / 4002.734)*(4002.734 / 119.766)
=Net Margin %*Asset Turnover
=0.1 %*33.4213
=3.45 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2025) net income data. The Revenue data used here is two times the semi-annual (Jun. 2025) 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.

Go Innovate Asia Bhd Asset Turnover Related Terms

Go Innovate Asia Bhd Asset Turnover Historical Data

* Premium members only.

The historical data trend for Go Innovate Asia 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.

Go Innovate Asia Bhd Asset Turnover Chart

Go Innovate Asia Bhd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial 39.47 35.27 22.02 15.90 22.54

Go Innovate Asia Bhd Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 6.87 8.27 11.29 8.55 16.71

XKLS:03028 vs MS, GS, SCHW: Asset Turnover Comparison

For the Capital Markets subindustry, Go Innovate Asia 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.

Go Innovate Asia Bhd Asset Turnover vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Go Innovate Asia Bhd's Asset Turnover falls into.


Go Innovate Asia Bhd Asset Turnover Calculation

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

Go Innovate Asia Bhd's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=1675.952/( (58.243+90.462)/ 2 )
=1675.952/74.3525
=22.54

Go Innovate Asia Bhd's Asset Turnover for the quarter that ended in Jun. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2025 )/( (Total Assets (Q: Dec. 2024 )+Total Assets (Q: Jun. 2025 ))/ count )
=2001.367/( (90.462+149.07)/ 2 )
=2001.367/119.766
=16.71

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 16.71 mean?
Go Innovate Asia Bhd (XKLS:03028) has a Asset Turnover of 16.71 as of Jun. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Go Innovate Asia Bhd and its competitors.
Is Go Innovate Asia Bhd's Asset Turnover too high?
Go Innovate Asia Bhd's current Asset Turnover is 16.71.
How does Go Innovate Asia Bhd's Asset Turnover compare to MS and GS?
Go Innovate Asia Bhd's Asset Turnover of 16.71 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Capital Markets company?
A good Asset Turnover depends on the Capital Markets industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Go Innovate Asia Bhd and its competitors. Go Innovate Asia Bhd's current Asset Turnover is 16.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current Asset Turnover of 16.71. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current Asset Turnover is 16.71. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Go Innovate Asia Bhd (XKLS:03028), the current Asset Turnover is 16.71 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Go Innovate Asia Bhd Business Description

Address 3A-D, Jalan USJ10/1A, Subang Jaya, Kuala Lumpur, SGR, MYS, 47610
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.