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EITA Resources Bhd (XKLS:5208) Asset Turnover : 0.22 (As of Mar. 2024)


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What is EITA Resources 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. EITA Resources Bhd's Revenue for the three months ended in Mar. 2024 was RM85.1 Mil. EITA Resources Bhd's Total Assets for the quarter that ended in Mar. 2024 was RM380.1 Mil. Therefore, EITA Resources Bhd's Asset Turnover for the quarter that ended in Mar. 2024 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. EITA Resources Bhd's annualized ROE % for the quarter that ended in Mar. 2024 was 2.83%. It is also linked to ROA % through Du Pont Formula. EITA Resources Bhd's annualized ROA % for the quarter that ended in Mar. 2024 was 1.76%.


EITA Resources Bhd Asset Turnover Historical Data

The historical data trend for EITA Resources 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.

EITA Resources Bhd Asset Turnover Chart

EITA Resources Bhd Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 0.94 0.96 1.08 0.89

EITA Resources Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.21 0.26 0.24 0.31 0.22

Competitive Comparison of EITA Resources Bhd's Asset Turnover

For the Specialty Industrial Machinery subindustry, EITA Resources 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.


EITA Resources Bhd's Asset Turnover Distribution in the Industrial Products Industry

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

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



EITA Resources Bhd Asset Turnover Calculation

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

EITA Resources Bhd's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=316.87/( (347.927+363.277)/ 2 )
=316.87/355.602
=0.89

EITA Resources 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 )
=85.142/( (381.424+378.699)/ 2 )
=85.142/380.0615
=0.22

* 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.


EITA Resources Bhd  (XKLS:5208) Asset Turnover Explanation

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

EITA Resources Bhd's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=6.684/236.581
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.684 / 340.568)*(340.568 / 380.0615)*(380.0615/ 236.581)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.96 %*0.8961*1.6065
=ROA %*Equity Multiplier
=1.76 %*1.6065
=2.83 %

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.

* 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:

EITA Resources Bhd's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=6.684/380.0615
=(Net Income / Revenue)*(Revenue / Total Assets)
=(6.684 / 340.568)*(340.568 / 380.0615)
=Net Margin %*Asset Turnover
=1.96 %*0.8961
=1.76 %

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.

* 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.


EITA Resources Bhd Asset Turnover Related Terms

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EITA Resources Bhd (XKLS:5208) Business Description

Traded in Other Exchanges
N/A
Address
Lot 4, Block A, Jalan SS13/7, Subang Jaya Industrial Estate, Subang Jaya, SGR, MYS, 47500
EITA Resources Bhd is an investment holding company. The business of the company operates through various segments that are Design & Manufacturing, which includes purchasing, designing, and manufacturing of elevator and bus ducts; Marketing & Distribution, which includes purchasing, marketing, and distributing electrical and electronic components; Services, which is into the maintenance of elevator systems and carrying out civil, electrical, and general construction works; and High Voltage system, which carries out electrical engineering, and general construction work. Its products include elevators, power equipment, cabling, control equipment, security, green technology, and lighting & surge protection system. Its geographical segments are Malaysia, ASEAN, the Middle East, and others.

EITA Resources Bhd (XKLS:5208) Headlines

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