ZHYBF (Zhong Yuan Bio-Technology Holdings) Asset Turnover: 0.22 (As of Mar. 2024)

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ZHYBF Zhong Yuan Bio-Technology Holdings Ltd ZHYBF
12 GF Score
Price $2.02
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What is Zhong Yuan Bio-Technology Holdings Asset Turnover?

Zhong Yuan Bio-Technology Holdings ZHYBF -100.00% 12 Asset Turnover is 0.22 as of Mar. 2024. GuruFocus rates ZHYBF with a GF Score™ of 12/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Zhong Yuan Bio-Technology Holdings's Revenue for the six months ended in Mar. 2024 was $0.70 Mil. Zhong Yuan Bio-Technology Holdings's Total Assets for the quarter that ended in Mar. 2024 was $3.20 Mil. Therefore, Zhong Yuan Bio-Technology Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. Zhong Yuan Bio-Technology Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was -1,225.00%. It is also linked to ROA % through Du Pont Formula. Zhong Yuan Bio-Technology Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -9.20%.


Zhong Yuan Bio-Technology Holdings  (OTCPK:ZHYBF) Asset Turnover Explanation

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

Zhong Yuan Bio-Technology Holdings's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-0.294/0.024
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.294 / 1.396)*(1.396 / 3.196)*(3.196/ 0.024)
=Net Margin %*Asset Turnover*Equity Multiplier
=-21.06 %*0.4368*133.1667
=ROA %*Equity Multiplier
=-9.20 %*133.1667
=-1,225.00 %

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

Zhong Yuan Bio-Technology Holdings's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-0.294/3.196
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.294 / 1.396)*(1.396 / 3.196)
=Net Margin %*Asset Turnover
=-21.06 %*0.4368
=-9.20 %

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


Zhong Yuan Bio-Technology Holdings Asset Turnover Related Terms


Zhong Yuan Bio-Technology Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for Zhong Yuan Bio-Technology 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.

Zhong Yuan Bio-Technology Holdings Asset Turnover Chart

Zhong Yuan Bio-Technology Holdings Annual Data
Trend Dec16 Dec17 Dec18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.59 0.57 0.74 0.67 0.86

Zhong Yuan Bio-Technology Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 0.44 0.28 0.39 0.59 0.22

ZHYBF vs CLNN, JVA, STCB: Asset Turnover Comparison

For the Packaged Foods subindustry, Zhong Yuan Bio-Technology 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.


Zhong Yuan Bio-Technology Holdings Asset Turnover vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhong Yuan Bio-Technology Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Zhong Yuan Bio-Technology Holdings's Asset Turnover falls into.


ZHYBF
12GF Score
Zhong Yuan Bio-Technology Holdings Ltd ZHYBF
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhong Yuan Bio-Technology Holdings Asset Turnover Calculation

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

Zhong Yuan Bio-Technology 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 )
=2.278/( (2.134+3.168)/ 2 )
=2.278/2.651
=0.86

Zhong Yuan Bio-Technology Holdings'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: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0.698/( (3.224+3.168)/ 2 )
=0.698/3.196
=0.22

* 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 0.22 mean?
Zhong Yuan Bio-Technology Holdings (ZHYBF) has a Asset Turnover of 0.22 as of Mar. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Zhong Yuan Bio-Technology Holdings and its competitors.
Is Zhong Yuan Bio-Technology Holdings' Asset Turnover too high?
Zhong Yuan Bio-Technology Holdings' current Asset Turnover is 0.22. Overall, Zhong Yuan Bio-Technology Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Zhong Yuan Bio-Technology Holdings' Asset Turnover compare to CLNN and JVA?
Zhong Yuan Bio-Technology Holdings' Asset Turnover of 0.22 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Asset Turnover depends on the Consumer Packaged Goods 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 Zhong Yuan Bio-Technology Holdings and its competitors. Zhong Yuan Bio-Technology Holdings's current Asset Turnover is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhong Yuan Bio-Technology Holdings stock overvalued right now?
Zhong Yuan Bio-Technology Holdings (ZHYBF) has a current Asset Turnover of 0.22. The current Asset Turnover is 0.22. Zhong Yuan Bio-Technology Holdings' overall GF Score™ is 12/100. 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 Zhong Yuan Bio-Technology Holdings (ZHYBF), the current Asset Turnover is 0.22 as of Mar. 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.

Zhong Yuan Bio-Technology Holdings Business Description

Address 28 Queen’s Road East, Suite 901, Tesbury Centre, Wanchai, Hong Kong, HKG
Zhong Yuan Bio-Technology Holdings Ltd is engaged in the business of developing and marketing nervonic acid-based health supplements and sales of acer truncatum seedlings. The company has two reportable segments such as sales of health care supplements and technical supporting services. The company generates its revenue primarily from the sales of health care supplements.
12GF Score

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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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