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Grupo Concesionario Del Oeste (BUE:OEST) Asset Turnover : 0.08 (As of Mar. 2024)


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What is Grupo Concesionario Del Oeste Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Grupo Concesionario Del Oeste's Revenue for the three months ended in Mar. 2024 was ARS10,298 Mil. Grupo Concesionario Del Oeste's Total Assets for the quarter that ended in Mar. 2024 was ARS124,046 Mil. Therefore, Grupo Concesionario Del Oeste's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Grupo Concesionario Del Oeste's annualized ROE % for the quarter that ended in Mar. 2024 was -146.17%. It is also linked to ROA % through Du Pont Formula. Grupo Concesionario Del Oeste's annualized ROA % for the quarter that ended in Mar. 2024 was -83.89%.


Grupo Concesionario Del Oeste Asset Turnover Historical Data

The historical data trend for Grupo Concesionario Del Oeste'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.

Grupo Concesionario Del Oeste Asset Turnover Chart

Grupo Concesionario Del Oeste Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.35 0.59 0.70 0.31

Grupo Concesionario Del Oeste Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.11 0.11 0.18 0.08

Competitive Comparison of Grupo Concesionario Del Oeste's Asset Turnover

For the Infrastructure Operations subindustry, Grupo Concesionario Del Oeste'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.


Grupo Concesionario Del Oeste's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grupo Concesionario Del Oeste's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Grupo Concesionario Del Oeste's Asset Turnover falls into.



Grupo Concesionario Del Oeste Asset Turnover Calculation

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

Grupo Concesionario Del Oeste's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=29279.171/( (75506.896+116158.178)/ 2 )
=29279.171/95832.537
=0.31

Grupo Concesionario Del Oeste'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: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=10297.894/( (116158.178+131933.519)/ 2 )
=10297.894/124045.8485
=0.08

* 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.


Grupo Concesionario Del Oeste  (BUE:OEST) Asset Turnover Explanation

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

Grupo Concesionario Del Oeste's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-104066.36/71196.1485
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-104066.36 / 41191.576)*(41191.576 / 124045.8485)*(124045.8485/ 71196.1485)
=Net Margin %*Asset Turnover*Equity Multiplier
=-252.64 %*0.3321*1.7423
=ROA %*Equity Multiplier
=-83.89 %*1.7423
=-146.17 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (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:

Grupo Concesionario Del Oeste's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-104066.36/124045.8485
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-104066.36 / 41191.576)*(41191.576 / 124045.8485)
=Net Margin %*Asset Turnover
=-252.64 %*0.3321
=-83.89 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Grupo Concesionario Del Oeste Asset Turnover Related Terms

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Grupo Concesionario Del Oeste (BUE:OEST) Business Description

Traded in Other Exchanges
N/A
Address
Piso1, Avenue de mayo 645, Buenos Aires, ARG
Grupo Concesionario Del Oeste SA is an Argentina-based company engaged in the construction, maintenance, administration and exploitation of Acceso Oeste, a road corridor in Argentina.

Grupo Concesionario Del Oeste (BUE:OEST) Headlines

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