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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hwange Colliery Co's Revenue for the
six
months ended in Dec. 2022 was ZWL61,246 Mil. Hwange Colliery Co's Total Assets for the quarter that ended in Dec. 2022 was ZWL69,401 Mil. Therefore, Hwange Colliery Co's Asset Turnover for the quarter that ended in Dec. 2022 was 0.88.
Asset Turnover is linked to ROE % through Du Pont Formula. Hwange Colliery Co's annualizedROE % for the quarter that ended in Dec. 2022 was -31.22%. It is also linked to ROA % through Du Pont Formula. Hwange Colliery Co's annualizedROA % for the quarter that ended in Dec. 2022 was -13.42%.
Note:
The Net Income data used here is two times the semi-annual (Dec. 2022) net income data. The Revenue data used here is two times the semi-annual (Dec. 2022) 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:
Hwange Colliery Co's annulizedROA % for the quarter that ended in Dec. 2022 is
Note:
The Net Income data used here is two times the semi-annual (Dec. 2022) net income data. The Revenue data used here is two times the semi-annual (Dec. 2022) 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.
Hwange Colliery Co Asset Turnover Related Terms
Hwange Colliery Co Asset Turnover Historical Data
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The historical data trend for Hwange Colliery Co'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.
Hwange Colliery Co Asset Turnover Competitor Comparison
For the Thermal Coal subindustry, Hwange Colliery Co'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.
Hwange Colliery Co Asset Turnover vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Hwange Colliery Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Hwange Colliery Co's Asset Turnover falls into.
* 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.
Hwange Colliery Co (XZIM:HCCL.ZW) has a Asset Turnover of 0.88 as of Dec. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hwange Colliery Co and its competitors.
Is Hwange Colliery Co's Asset Turnover too high?
Hwange Colliery Co's current Asset Turnover is 0.88.
How does Hwange Colliery Co's Asset Turnover compare to competitors?
Hwange Colliery Co's Asset Turnover of 0.88 can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Other Energy Sources company?
A good Asset Turnover depends on the Other Energy Sources industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Hwange Colliery Co and its competitors. Hwange Colliery Co's current Asset Turnover is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwange Colliery Co stock overvalued right now?
Hwange Colliery Co (XZIM:HCCL.ZW) has a current Asset Turnover of 0.88. The current Asset Turnover is 0.88. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Hwange Colliery Co (XZIM:HCCL.ZW), the current Asset Turnover is 0.88 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Hwange Colliery Co Ltd is engaged in the extraction, processing, and distribution of coal and coal products, and the provision of health services and various retail goods and services. Its activities are categorised into the following three segments: Mining - the extraction, processing, and distribution of coal and coal products; Medical services - provide healthcare to staff members and the surrounding community; Estates - the division provides properties for rental and sells retail goods and services. The group generates the majority of its revenue from the Mining segment.
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