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Zvirfati & Sons Investmentsnstructions (XTAE:SRFT) Asset Turnover : 0.09 (As of Mar. 2024)


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What is Zvirfati & Sons Investmentsnstructions Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Zvirfati & Sons Investmentsnstructions's Revenue for the three months ended in Mar. 2024 was ₪122.2 Mil. Zvirfati & Sons Investmentsnstructions's Total Assets for the quarter that ended in Mar. 2024 was ₪1,387.8 Mil. Therefore, Zvirfati & Sons Investmentsnstructions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Zvirfati & Sons Investmentsnstructions's annualized ROE % for the quarter that ended in Mar. 2024 was 13.52%. It is also linked to ROA % through Du Pont Formula. Zvirfati & Sons Investmentsnstructions's annualized ROA % for the quarter that ended in Mar. 2024 was 4.92%.


Zvirfati & Sons Investmentsnstructions Asset Turnover Historical Data

The historical data trend for Zvirfati & Sons Investmentsnstructions'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.

Zvirfati & Sons Investmentsnstructions Asset Turnover Chart

Zvirfati & Sons Investmentsnstructions 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 0.17 0.20 0.62 0.43 0.23

Zvirfati & Sons Investmentsnstructions 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 0.07 0.06 0.06 0.05 0.09

Competitive Comparison of Zvirfati & Sons Investmentsnstructions's Asset Turnover

For the Real Estate - Development subindustry, Zvirfati & Sons Investmentsnstructions'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.


Zvirfati & Sons Investmentsnstructions's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zvirfati & Sons Investmentsnstructions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Zvirfati & Sons Investmentsnstructions's Asset Turnover falls into.



Zvirfati & Sons Investmentsnstructions Asset Turnover Calculation

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

Zvirfati & Sons Investmentsnstructions'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 )
=297.07/( (1226.325+1322.056)/ 2 )
=297.07/1274.1905
=0.23

Zvirfati & Sons Investmentsnstructions'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 )
=122.247/( (1322.056+1453.568)/ 2 )
=122.247/1387.812
=0.09

* 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.


Zvirfati & Sons Investmentsnstructions  (XTAE:SRFT) Asset Turnover Explanation

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

Zvirfati & Sons Investmentsnstructions's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=68.272/504.953
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(68.272 / 488.988)*(488.988 / 1387.812)*(1387.812/ 504.953)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.96 %*0.3523*2.7484
=ROA %*Equity Multiplier
=4.92 %*2.7484
=13.52 %

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:

Zvirfati & Sons Investmentsnstructions's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=68.272/1387.812
=(Net Income / Revenue)*(Revenue / Total Assets)
=(68.272 / 488.988)*(488.988 / 1387.812)
=Net Margin %*Asset Turnover
=13.96 %*0.3523
=4.92 %

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.


Zvirfati & Sons Investmentsnstructions Asset Turnover Related Terms

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Zvirfati & Sons Investmentsnstructions (XTAE:SRFT) Business Description

Traded in Other Exchanges
N/A
Address
91 Herzl Street, French house, Rishon Le'zion, ISR, 7526201
Zvi Sarfati & Sons Investments & Constructions Ltd is an Israel based real estate company. It is engaged in construction of real estate properties such as office buildings, residential housing & store spaces. Its projects include Beer Yaakov, Pardes Hanna, Ness Ziona, Kiryat Ono.

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