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Shanghai Chicmax Cosmetic Co (HKSE:02145) Asset Turnover : 0.88 (As of Dec. 2023)


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What is Shanghai Chicmax Cosmetic Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Shanghai Chicmax Cosmetic Co's Revenue for the six months ended in Dec. 2023 was HK$2,848 Mil. Shanghai Chicmax Cosmetic Co's Total Assets for the quarter that ended in Dec. 2023 was HK$3,255 Mil. Therefore, Shanghai Chicmax Cosmetic Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.88.

Asset Turnover is linked to ROE % through Du Pont Formula. Shanghai Chicmax Cosmetic Co's annualized ROE % for the quarter that ended in Dec. 2023 was 38.56%. It is also linked to ROA % through Du Pont Formula. Shanghai Chicmax Cosmetic Co's annualized ROA % for the quarter that ended in Dec. 2023 was 24.21%.


Shanghai Chicmax Cosmetic Co Asset Turnover Historical Data

The historical data trend for Shanghai Chicmax Cosmetic Co'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.

Shanghai Chicmax Cosmetic Co Asset Turnover Chart

Shanghai Chicmax Cosmetic Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
1.24 1.54 1.64 0.95 1.32

Shanghai Chicmax Cosmetic Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial 0.79 0.56 0.52 0.53 0.88

Competitive Comparison of Shanghai Chicmax Cosmetic Co's Asset Turnover

For the Household & Personal Products subindustry, Shanghai Chicmax Cosmetic Co'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.


Shanghai Chicmax Cosmetic Co's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shanghai Chicmax Cosmetic Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Chicmax Cosmetic Co's Asset Turnover falls into.



Shanghai Chicmax Cosmetic Co Asset Turnover Calculation

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

Shanghai Chicmax Cosmetic Co'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 )
=4583.729/( (3512.813+3422.245)/ 2 )
=4583.729/3467.529
=1.32

Shanghai Chicmax Cosmetic Co's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=2848.12/( (3086.799+3422.245)/ 2 )
=2848.12/3254.522
=0.88

* 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.


Shanghai Chicmax Cosmetic Co  (HKSE:02145) Asset Turnover Explanation

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

Shanghai Chicmax Cosmetic Co's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=787.824/2043.1545
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(787.824 / 5696.24)*(5696.24 / 3254.522)*(3254.522/ 2043.1545)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.83 %*1.7503*1.5929
=ROA %*Equity Multiplier
=24.21 %*1.5929
=38.56 %

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

Shanghai Chicmax Cosmetic Co's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=787.824/3254.522
=(Net Income / Revenue)*(Revenue / Total Assets)
=(787.824 / 5696.24)*(5696.24 / 3254.522)
=Net Margin %*Asset Turnover
=13.83 %*1.7503
=24.21 %

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


Shanghai Chicmax Cosmetic Co Asset Turnover Related Terms

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Shanghai Chicmax Cosmetic Co (HKSE:02145) Business Description

Traded in Other Exchanges
N/A
Address
No. 3300 Zhongshan North Road, 25 Floor, Building B, Putuo District, Shanghai, CHN
Shanghai Chicmax Cosmetic Co Ltd is a China-based multi-brand cosmetics company mainly engaged in the research, development, production, and sales of skincare and maternity and childcare products. It offers a wide range of cosmetics products under various brands, primarily including KANS, One Leaf, and Baby Elephant. The company's products include skin care products, maternal and childcare products, toiletries, and others. The company also operates brands such as BIO-G, KYOCA, ARMIYO, TAZU, and others.
Executives
Lyu Yixiong 2201 Interest of corporation controlled by you
Shanghai Hongyin Investment Co., Ltd. 2101 Beneficial owner
Shanghai Nanyin Investment Co., Ltd. 2101 Beneficial owner
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
China International Capital Corporation (international) Limited 2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited 2105 Underwriter

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