ZDAOF (Zhidao International (Holdings)) Asset Turnover: 0.01 (As of Sep. 2024)

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ZDAOF Zhidao International (Holdings) Ltd ZDAOF
9 GF Score
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What is Zhidao International (Holdings) Asset Turnover?

Zhidao International (Holdings) ZDAOF 9 Asset Turnover is 0.01 as of Sep. 2024. GuruFocus rates ZDAOF with a GF Score™ of 9/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Zhidao International (Holdings)'s Revenue for the six months ended in Sep. 2024 was $0.42 Mil. Zhidao International (Holdings)'s Total Assets for the quarter that ended in Sep. 2024 was $38.84 Mil. Therefore, Zhidao International (Holdings)'s Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Zhidao International (Holdings)'s annualized ROE % for the quarter that ended in Sep. 2024 was -4.31%. It is also linked to ROA % through Du Pont Formula. Zhidao International (Holdings)'s annualized ROA % for the quarter that ended in Sep. 2024 was -2.87%.


Zhidao International (Holdings)  (OTCPK:ZDAOF) Asset Turnover Explanation

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

Zhidao International (Holdings)'s annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-1.116/25.8665
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.116 / 0.84)*(0.84 / 38.8445)*(38.8445/ 25.8665)
=Net Margin %*Asset Turnover*Equity Multiplier
=-132.86 %*0.0216*1.5017
=ROA %*Equity Multiplier
=-2.87 %*1.5017
=-4.31 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (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:

Zhidao International (Holdings)'s annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-1.116/38.8445
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.116 / 0.84)*(0.84 / 38.8445)
=Net Margin %*Asset Turnover
=-132.86 %*0.0216
=-2.87 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (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.


Zhidao International (Holdings) Asset Turnover Related Terms


Zhidao International (Holdings) Asset Turnover Historical Data

* Premium members only.

The historical data trend for Zhidao International (Holdings)'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.

Zhidao International (Holdings) Asset Turnover Chart

Zhidao International (Holdings) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.21 0.39 0.57 0.24

Zhidao International (Holdings) Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 0.12 0.46 0.40 -0.24 0.01

ZDAOF vs AA: Asset Turnover Comparison

For the Aluminum subindustry, Zhidao International (Holdings)'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.


Zhidao International (Holdings) Asset Turnover vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhidao International (Holdings)'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Zhidao International (Holdings)'s Asset Turnover falls into.


ZDAOF
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Zhidao International (Holdings) Ltd ZDAOF
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Zhidao International (Holdings) Asset Turnover Calculation

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

Zhidao International (Holdings)'s Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=10.809/( (52.138+39.431)/ 2 )
=10.809/45.7845
=0.24

Zhidao International (Holdings)'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: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.42/( (39.431+38.258)/ 2 )
=0.42/38.8445
=0.01

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.01 mean?
Zhidao International (Holdings) (ZDAOF) has a Asset Turnover of 0.01 as of Sep. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Zhidao International (Holdings) and its competitors.
Is Zhidao International (Holdings)'s Asset Turnover too high?
Zhidao International (Holdings)'s current Asset Turnover is 0.01. Overall, Zhidao International (Holdings) has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Zhidao International (Holdings)'s Asset Turnover compare to AA?
Zhidao International (Holdings)'s Asset Turnover of 0.01 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Asset Turnover depends on the Metals & Mining 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 Zhidao International (Holdings) and its competitors. Zhidao International (Holdings)'s current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhidao International (Holdings) stock overvalued right now?
Zhidao International (Holdings) (ZDAOF) has a current Asset Turnover of 0.01. The current Asset Turnover is 0.01. Zhidao International (Holdings)'s overall GF Score™ is 9/100. 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 Zhidao International (Holdings) (ZDAOF), the current Asset Turnover is 0.01 as of Sep. 2024. 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.

Zhidao International (Holdings) Business Description

Address 302-308 Hennessy Road, Room 2606, 26th Floor, C C Wu Building, Wan Chai, Hong Kong, HKG
Zhidao International (Holdings) Ltd trades and supplies aluminum products. Its segments include trading of aluminum products, construction projects, and money lending. The company generates maximum revenue from the construction projects segment. The construction projects segment includes a supply of aluminum products in construction projects and an extension to the provision of construction and engineering services. Geographically, it derives a majority of its revenue from Macau.
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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