Quality Online Education Group (Quality Online Education Group) Asset Turnover : 0.69 (As of May. 2023)

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What is Quality Online Education Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Quality Online Education Group's Revenue for the three months ended in May. 2023 was $1.29 Mil. Quality Online Education Group's Total Assets for the quarter that ended in May. 2023 was $1.88 Mil. Therefore, Quality Online Education Group's Asset Turnover for the quarter that ended in May. 2023 was 0.69.

Asset Turnover is linked to ROE % through Du Pont Formula. Quality Online Education Group's annualized ROE % for the quarter that ended in May. 2023 was 376.17%. It is also linked to ROA % through Du Pont Formula. Quality Online Education Group's annualized ROA % for the quarter that ended in May. 2023 was -555.22%.

Quality Online Education Group Asset Turnover Historical Data

The historical data trend for Quality Online Education Group'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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Quality Online Education Group Asset Turnover Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Asset Turnover

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0.67

0.91

0.10

1.49

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Asset Turnover	Get a 7-Day Free Trial															-	0.65	0.70	0.61	0.69

Competitive Comparison of Quality Online Education Group's Asset Turnover

For the Education & Training Services subindustry, Quality Online Education Group'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.

Quality Online Education Group's Asset Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Asset Turnover falls into.

Quality Online Education Group Asset Turnover Calculation

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

Quality Online Education Group's Asset Turnover for the fiscal year that ended in Aug. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Aug. 2022 )	/	( (Total Assets (A: Aug. 2021 )	+	Total Assets (A: Aug. 2022 ))	/ count )
=	1.678	/	( (1.27	+	0.984)	/ 2 )
=	1.678	/	1.127
=	1.49

Quality Online Education Group's Asset Turnover for the quarter that ended in May. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: May. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: May. 2023 ))	/ count )
=	1.29	/	( (1.783	+	1.982)	/ 2 )
=	1.29	/	1.8825
=	0.69

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.

Quality Online Education Group (OTCPK:QOEG) Asset Turnover Explanation

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

Quality Online Education Group's annulized ROE % for the quarter that ended in May. 2023 is

	ROE %^**		(Q: May. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-10.452	/	-2.7785
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-10.452 / 5.16)	*	(5.16 / 1.8825)	*	(1.8825/ -2.7785)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-202.56 %	*	2.741	*	-0.6775
=	ROA %	*	Equity Multiplier
=	-555.22 %	*	-0.6775
=	376.17 %

Note: The Net Income data used here is four times the quarterly (May. 2023) net income data. The Revenue data used here is four times the quarterly (May. 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:

Quality Online Education Group's annulized ROA % for the quarter that ended in May. 2023 is

	ROA %		(Q: May. 2023 )
=	Net Income	/	Total Assets
=	-10.452	/	1.8825
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-10.452 / 5.16)	*	(5.16 / 1.8825)
=	Net Margin %	*	Asset Turnover
=	-202.56 %	*	2.741
=	-555.22 %

Note: The Net Income data used here is four times the quarterly (May. 2023) net income data. The Revenue data used here is four times the quarterly (May. 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.

Quality Online Education Group Asset Turnover Related Terms

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Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR