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Koninklijke Ahold Delhaize NV (XTER:AHOG) Asset Turnover : 0.45 (As of Sep. 2024)


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What is Koninklijke Ahold Delhaize NV Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Koninklijke Ahold Delhaize NV's Revenue for the three months ended in Sep. 2024 was €22,004 Mil. Koninklijke Ahold Delhaize NV's Total Assets for the quarter that ended in Sep. 2024 was €49,157 Mil. Therefore, Koninklijke Ahold Delhaize NV's Asset Turnover for the quarter that ended in Sep. 2024 was 0.45.

Asset Turnover is linked to ROE % through Du Pont Formula. Koninklijke Ahold Delhaize NV's annualized ROE % for the quarter that ended in Sep. 2024 was 10.09%. It is also linked to ROA % through Du Pont Formula. Koninklijke Ahold Delhaize NV's annualized ROA % for the quarter that ended in Sep. 2024 was 3.03%.


Koninklijke Ahold Delhaize NV Asset Turnover Historical Data

The historical data trend for Koninklijke Ahold Delhaize NV'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.

Koninklijke Ahold Delhaize NV Asset Turnover Chart

Koninklijke Ahold Delhaize NV 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 1.63 1.82 1.75 1.85 1.84

Koninklijke Ahold Delhaize NV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.45 0.47 0.44 0.44 0.45

Competitive Comparison of Koninklijke Ahold Delhaize NV's Asset Turnover

For the Grocery Stores subindustry, Koninklijke Ahold Delhaize NV'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.


Koninklijke Ahold Delhaize NV's Asset Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Koninklijke Ahold Delhaize NV's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Koninklijke Ahold Delhaize NV's Asset Turnover falls into.



Koninklijke Ahold Delhaize NV Asset Turnover Calculation

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

Koninklijke Ahold Delhaize NV'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 )
=88649/( (48555+47821)/ 2 )
=88649/48188
=1.84

Koninklijke Ahold Delhaize NV's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=22004/( (50698+47615)/ 2 )
=22004/49156.5
=0.45

* 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.


Koninklijke Ahold Delhaize NV  (XTER:AHOG) Asset Turnover Explanation

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

Koninklijke Ahold Delhaize NV's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1488/14743.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1488 / 88016)*(88016 / 49156.5)*(49156.5/ 14743.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.69 %*1.7905*3.3341
=ROA %*Equity Multiplier
=3.03 %*3.3341
=10.09 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

Koninklijke Ahold Delhaize NV's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=1488/49156.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1488 / 88016)*(88016 / 49156.5)
=Net Margin %*Asset Turnover
=1.69 %*1.7905
=3.03 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Koninklijke Ahold Delhaize NV Asset Turnover Related Terms

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Koninklijke Ahold Delhaize NV Business Description

Address
Provincialeweg 11, Zaandam, NH, NLD, 1506 MA
Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming the fourth-largest grocer in the US and a top player in many parts of Europe. The US is the largest market, accounting for over 60% of group sales, with Ahold Delhaize the leading grocer on the Eastern Seaboard. The US store network stretches from Maine to Georgia and includes such banners as Stop & Shop, The Giant Company, Giant Food, Food Lion, and Hannaford. The Netherlands, Belgium, and Central and SouthEastern Europe, including the Czech Republic, Greece, Romania, and Serbia, account for slightly less than 40% of sales. Ahold Delhaize holds the number-one and number-two positions in almost all of these countries.

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