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SHP Celex a.d (XBLB:CELX-R-A) Asset Turnover : 1.27 (As of Dec. 2013)


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What is SHP Celex a.d Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. SHP Celex a.d's Revenue for the six months ended in Dec. 2013 was BAM73.97 Mil. SHP Celex a.d's Total Assets for the quarter that ended in Dec. 2013 was BAM58.12 Mil. Therefore, SHP Celex a.d's Asset Turnover for the quarter that ended in Dec. 2013 was 1.27.

Asset Turnover is linked to ROE % through Du Pont Formula. SHP Celex a.d's annualized ROE % for the quarter that ended in Dec. 2013 was -31.25%. It is also linked to ROA % through Du Pont Formula. SHP Celex a.d's annualized ROA % for the quarter that ended in Dec. 2013 was -4.46%.


SHP Celex a.d Asset Turnover Historical Data

The historical data trend for SHP Celex a.d'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.

SHP Celex a.d Asset Turnover Chart

SHP Celex a.d Annual Data
Trend Dec12 Dec13
Asset Turnover
1.15 1.27

SHP Celex a.d Semi-Annual Data
Dec12 Dec13
Asset Turnover 1.15 1.27

Competitive Comparison of SHP Celex a.d's Asset Turnover

For the Household & Personal Products subindustry, SHP Celex a.d'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.


SHP Celex a.d's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SHP Celex a.d's Asset Turnover distribution charts can be found below:

* The bar in red indicates where SHP Celex a.d's Asset Turnover falls into.



SHP Celex a.d Asset Turnover Calculation

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

SHP Celex a.d's Asset Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2013 )/( (Total Assets (A: Dec. 2012 )+Total Assets (A: Dec. 2013 ))/ count )
=73.965/( (60.108+56.141)/ 2 )
=73.965/58.1245
=1.27

SHP Celex a.d's Asset Turnover for the quarter that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2013 )/( (Total Assets (Q: Dec. 2012 )+Total Assets (Q: Dec. 2013 ))/ count )
=73.965/( (60.108+56.141)/ 2 )
=73.965/58.1245
=1.27

* 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.


SHP Celex a.d  (XBLB:CELX-R-A) Asset Turnover Explanation

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

SHP Celex a.d's annulized ROE % for the quarter that ended in Dec. 2013 is

ROE %**(Q: Dec. 2013 )
=Net Income/Total Stockholders Equity
=-2.594/8.2995
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.594 / 147.93)*(147.93 / 58.1245)*(58.1245/ 8.2995)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.75 %*2.5451*7.0034
=ROA %*Equity Multiplier
=-4.46 %*7.0034
=-31.25 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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:

SHP Celex a.d's annulized ROA % for the quarter that ended in Dec. 2013 is

ROA %(Q: Dec. 2013 )
=Net Income/Total Assets
=-2.594/58.1245
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.594 / 147.93)*(147.93 / 58.1245)
=Net Margin %*Asset Turnover
=-1.75 %*2.5451
=-4.46 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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.


SHP Celex a.d Asset Turnover Related Terms

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SHP Celex a.d (XBLB:CELX-R-A) Business Description

Traded in Other Exchanges
N/A
Address
Veljka Mladjenoviaea bb, Banja Luka, BIH, 78102
SHP Celex a.d. operates in the industry of household and personal products. The company is engaged in manufacturing of hygienic papers in Central and South Eastern Europe. The products of the company include toilet paper, kitchen towels, handkerchiefs, facial tissues, and napkins.

SHP Celex a.d (XBLB:CELX-R-A) Headlines

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