Asset Turnover is linked to ROE % through Du Pont Formula. The United Basalt Products's annualizedROE % for the quarter that ended in Mar. 2024 was -4.91%. It is also linked to ROA % through Du Pont Formula. The United Basalt Products's annualizedROA % for the quarter that ended in Mar. 2024 was -2.72%.
The United Basalt Products Asset Turnover Historical 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.
Competitive Comparison of The United Basalt Products's Asset Turnover
For the Building Materials subindustry, The United Basalt Products'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.
The United Basalt Products's Asset Turnover Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, The United Basalt Products's Asset Turnover distribution charts can be found below:
* The bar in red indicates where The United Basalt Products's Asset Turnover falls into.
The United Basalt Products Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
The United Basalt Products's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
The United Basalt Products (XMAU:UBP) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
The United Basalt Products's annulizedROE % for the quarter that ended in Mar. 2024 is
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:
The United Basalt Products's annulizedROA % for the quarter that ended in Mar. 2024 is
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.
The United Basalt Products Asset Turnover Related Terms
Thank you for viewing the detailed overview of The United Basalt Products's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
The United Basalt Products (XMAU:UBP) Business Description
The United Basalt Products Ltd is engaged in the manufacturing and sale of building materials which consist mainly of aggregates, rock sand, and concrete blocks. Other products include precast concrete slabs, ready-to-use dry mortar, various concrete building components including paving-blocks and roof tiles, imported floor and wall tiles, sanitary ware and a complete range of home building and decorating products, fittings, tools, and garden accessories. Services rendered consist mainly of engineering works by the company's workshop and contracting services. The group's business segments consist of core business activities, Building Material and agriculture. Geographically, majority of its activity is performed in Mauritius.
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