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Alkim Kagitnayi ve Ticaret AS (IST:ALKA) Asset Turnover : 1.39 (As of Dec. 2023)


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What is Alkim Kagitnayi ve Ticaret AS Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Alkim Kagitnayi ve Ticaret AS's Revenue for the six months ended in Dec. 2023 was ₺2,390 Mil. Alkim Kagitnayi ve Ticaret AS's Total Assets for the quarter that ended in Dec. 2023 was ₺1,720 Mil. Therefore, Alkim Kagitnayi ve Ticaret AS's Asset Turnover for the quarter that ended in Dec. 2023 was 1.39.

Asset Turnover is linked to ROE % through Du Pont Formula. Alkim Kagitnayi ve Ticaret AS's annualized ROE % for the quarter that ended in Dec. 2023 was 14.03%. It is also linked to ROA % through Du Pont Formula. Alkim Kagitnayi ve Ticaret AS's annualized ROA % for the quarter that ended in Dec. 2023 was 10.53%.


Alkim Kagitnayi ve Ticaret AS Asset Turnover Historical Data

The historical data trend for Alkim Kagitnayi ve Ticaret AS'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.

Alkim Kagitnayi ve Ticaret AS Asset Turnover Chart

Alkim Kagitnayi ve Ticaret AS 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 1.69 1.50 1.63 3.06 1.39

Alkim Kagitnayi ve Ticaret AS Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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 1.69 1.50 1.63 3.06 1.39

Competitive Comparison of Alkim Kagitnayi ve Ticaret AS's Asset Turnover

For the Paper & Paper Products subindustry, Alkim Kagitnayi ve Ticaret AS'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.


Alkim Kagitnayi ve Ticaret AS's Asset Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Alkim Kagitnayi ve Ticaret AS's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Alkim Kagitnayi ve Ticaret AS's Asset Turnover falls into.



Alkim Kagitnayi ve Ticaret AS Asset Turnover Calculation

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

Alkim Kagitnayi ve Ticaret AS'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 )
=2389.692/( (1744.939+1695.813)/ 2 )
=2389.692/1720.376
=1.39

Alkim Kagitnayi ve Ticaret AS'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: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=2389.692/( (1744.939+1695.813)/ 2 )
=2389.692/1720.376
=1.39

* 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.


Alkim Kagitnayi ve Ticaret AS  (IST:ALKA) Asset Turnover Explanation

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

Alkim Kagitnayi ve Ticaret AS's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=181.102/1291.2415
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(181.102 / 4779.384)*(4779.384 / 1720.376)*(1720.376/ 1291.2415)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.79 %*2.7781*1.3323
=ROA %*Equity Multiplier
=10.53 %*1.3323
=14.03 %

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:

Alkim Kagitnayi ve Ticaret AS's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=181.102/1720.376
=(Net Income / Revenue)*(Revenue / Total Assets)
=(181.102 / 4779.384)*(4779.384 / 1720.376)
=Net Margin %*Asset Turnover
=3.79 %*2.7781
=10.53 %

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.


Alkim Kagitnayi ve Ticaret AS Asset Turnover Related Terms

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Alkim Kagitnayi ve Ticaret AS (IST:ALKA) Business Description

Traded in Other Exchanges
N/A
Address
Kirovakan Mevkii Kemalpasa, Gulab OSB, Izmir, TUR, 35730
Alkim Kagit Sanayi ve Ticaret AS is a Turkey-based company engaged in the manufacture of paper and paper products. The company's main products are wood-free offset papers, coated papers, office papers and special papers. Alkim Kagit Sanayi ve Ticaret AS sells most of its products in the turkey market. It exports to over 25 countries, especially in Europe. In addition, the Balkan countries, Russia and Africa are part of the company's customer portfolio. Its wood-free offset, coated and office papers are produced in Alkim Paper Production Plants. The firm operates a cogeneration plant that meets its energy requirements.

Alkim Kagitnayi ve Ticaret AS (IST:ALKA) Headlines

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