New Body Line (XTUN:NBL) Asset Turnover : 0.00 (As of . 20)

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What is New Body Line Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. New Body Line's Revenue for the six months ended in . 20 was TND Mil. New Body Line's Total Assets for the quarter that ended in . 20 was TND Mil. Therefore, New Body Line's Asset Turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. New Body Line's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. New Body Line's annualized ROA % for the quarter that ended in . 20 was %.

New Body Line Asset Turnover Historical Data

The historical data trend for New Body Line'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.

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New Body Line Asset Turnover Chart

New Body Line Annual Data

Trend

Asset Turnover

New Body Line Semi-Annual Data

Asset Turnover

Competitive Comparison of New Body Line's Asset Turnover

For the Apparel Manufacturing subindustry, New Body Line'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.

New Body Line's Asset Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, New Body Line's Asset Turnover distribution charts can be found below:

* The bar in red indicates where New Body Line's Asset Turnover falls into.

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New Body Line Asset Turnover Calculation

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

New Body Line's Asset Turnover for the fiscal year that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: . 20 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

New Body Line's Asset Turnover for the quarter that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: . 20 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

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.

New Body Line (XTUN:NBL) Asset Turnover Explanation

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

New Body Line's annulized ROE % for the quarter that ended in . 20 is

	ROE %^**		(Q: . 20 )
=	Net Income	/	Total Stockholders Equity
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	( / )	*	( / )	*	(/ )
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*		*
=	ROA %	*	Equity Multiplier
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

^** 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:

New Body Line's annulized ROA % for the quarter that ended in . 20 is

	ROA %		(Q: . 20 )
=	Net Income	/	Total Assets
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	( / )	*	( / )
=	Net Margin %	*	Asset Turnover
=	%	*
=	%

Note: The Net Income data used here is two times the semi-annual (. 20) net income data. The Revenue data used here is two times the semi-annual (. 20) revenue data.

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.

New Body Line Asset Turnover Related Terms

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New Body Line Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » New Body Line SA (XTUN:NBL) » Definitions » Asset Turnover

Traded in Other Exchanges

N/A

Address

Avenue Ali Belhouane Ezzahra, Mahdia, Tunis, TUN, 5199

Website

http://newbodyline.com

New Body Line SA is a Tunisia-based company that operates in the Apparel division. It is mainly engaged in the production of Seamless garments such as underwear, shapewear, beachwear, sport, and outwear.