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Perdana Petroleum Bhd (XKLS:7108) Asset Turnover : 0.11 (As of Mar. 2024)


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What is Perdana Petroleum 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. Perdana Petroleum Bhd's Revenue for the three months ended in Mar. 2024 was RM99.2 Mil. Perdana Petroleum Bhd's Total Assets for the quarter that ended in Mar. 2024 was RM917.2 Mil. Therefore, Perdana Petroleum Bhd's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Perdana Petroleum Bhd's annualized ROE % for the quarter that ended in Mar. 2024 was 3.55%. It is also linked to ROA % through Du Pont Formula. Perdana Petroleum Bhd's annualized ROA % for the quarter that ended in Mar. 2024 was 2.65%.


Perdana Petroleum Bhd Asset Turnover Historical Data

The historical data trend for Perdana Petroleum 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.

Perdana Petroleum Bhd Asset Turnover Chart

Perdana Petroleum Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.17 0.16 0.24 0.36

Perdana Petroleum 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 0.04 0.10 0.12 0.11 0.11

Competitive Comparison of Perdana Petroleum Bhd's Asset Turnover

For the Oil & Gas Equipment & Services subindustry, Perdana Petroleum 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.


Perdana Petroleum Bhd's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Perdana Petroleum Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Perdana Petroleum Bhd's Asset Turnover falls into.



Perdana Petroleum Bhd Asset Turnover Calculation

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

Perdana Petroleum 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 )
=313.913/( (822.768+907.527)/ 2 )
=313.913/865.1475
=0.36

Perdana Petroleum 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 )
=99.219/( (907.527+926.945)/ 2 )
=99.219/917.236
=0.11

* 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.


Perdana Petroleum Bhd  (XKLS:7108) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=24.284/684.1495
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(24.284 / 396.876)*(396.876 / 917.236)*(917.236/ 684.1495)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.12 %*0.4327*1.3407
=ROA %*Equity Multiplier
=2.65 %*1.3407
=3.55 %

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:

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

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=24.284/917.236
=(Net Income / Revenue)*(Revenue / Total Assets)
=(24.284 / 396.876)*(396.876 / 917.236)
=Net Margin %*Asset Turnover
=6.12 %*0.4327
=2.65 %

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.


Perdana Petroleum Bhd Asset Turnover Related Terms

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Perdana Petroleum Bhd (XKLS:7108) Business Description

Traded in Other Exchanges
N/A
Address
VSQ at PJCC, Jalan Utara, Level 18, Block 2, Petaling Jaya, SGR, MYS, 46200
Perdana Petroleum Bhd is a Malaysia based company that engages in the provision of offshore marine support services for the upstream oil and gas industry in the domestic and regional markets. It operates through the only segment: Marine offshore support services. The Marine offshore support services segment is engaged in the provision of vessels for the upstream oil and gas industry, ranging from towing, mooring and anchoring of non-self-propelled marine vessels, and transportation of drilling equipment, production chemicals, and project materials to engineering and workshop facilities onboard. Geographically, it derives majority revenue from Malaysia.

Perdana Petroleum Bhd (XKLS:7108) Headlines

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