Golden Heaven Group Holdings (Golden Heaven Group Holdings) Asset Turnover : 0.14 (As of Sep. 2023)

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What is Golden Heaven Group Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Golden Heaven Group Holdings's Revenue for the six months ended in Sep. 2023 was $11.73 Mil. Golden Heaven Group Holdings's Total Assets for the quarter that ended in Sep. 2023 was $81.44 Mil. Therefore, Golden Heaven Group Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. Golden Heaven Group Holdings's annualized ROE % for the quarter that ended in Sep. 2023 was -2.89%. It is also linked to ROA % through Du Pont Formula. Golden Heaven Group Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -2.13%.

Golden Heaven Group Holdings Asset Turnover Historical Data

The historical data trend for Golden Heaven Group 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.

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Golden Heaven Group Holdings Asset Turnover Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Asset Turnover

0.44

0.57

0.58

0.41

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Asset Turnover	Get a 7-Day Free Trial			0.25	0.29	0.29	0.26	0.14

Competitive Comparison of Golden Heaven Group Holdings's Asset Turnover

For the Leisure subindustry, Golden Heaven Group 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.

Golden Heaven Group Holdings's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's Asset Turnover falls into.

Golden Heaven Group Holdings Asset Turnover Calculation

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

Golden Heaven Group Holdings's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Sep. 2023 )	/	( (Total Assets (A: Sep. 2022 )	+	Total Assets (A: Sep. 2023 ))	/ count )
=	31.787	/	( (73.085	+	82.227)	/ 2 )
=	31.787	/	77.656
=	0.41

Golden Heaven Group Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	11.726	/	( (80.649	+	82.227)	/ 2 )
=	11.726	/	81.438
=	0.14

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.

Golden Heaven Group Holdings (NAS:GDHG) Asset Turnover Explanation

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

Golden Heaven Group Holdings's annulized ROE % for the quarter that ended in Sep. 2023 is

	ROE %^**		(Q: Sep. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-1.732	/	59.927
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-1.732 / 23.452)	*	(23.452 / 81.438)	*	(81.438/ 59.927)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-7.39 %	*	0.288	*	1.359
=	ROA %	*	Equity Multiplier
=	-2.13 %	*	1.359
=	-2.89 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 2023) revenue data.

^** 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:

Golden Heaven Group Holdings's annulized ROA % for the quarter that ended in Sep. 2023 is

	ROA %		(Q: Sep. 2023 )
=	Net Income	/	Total Assets
=	-1.732	/	81.438
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-1.732 / 23.452)	*	(23.452 / 81.438)
=	Net Margin %	*	Asset Turnover
=	-7.39 %	*	0.288
=	-2.13 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 2023) revenue data.

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.

Golden Heaven Group Holdings Asset Turnover Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.