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Sembcorp Industries (SGX:U96) Asset Turnover : 0.22 (As of Dec. 2023)


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What is Sembcorp Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sembcorp Industries's Revenue for the six months ended in Dec. 2023 was S$3,384 Mil. Sembcorp Industries's Total Assets for the quarter that ended in Dec. 2023 was S$15,477 Mil. Therefore, Sembcorp Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Asset Turnover is linked to ROE % through Du Pont Formula. Sembcorp Industries's annualized ROE % for the quarter that ended in Dec. 2023 was 18.15%. It is also linked to ROA % through Du Pont Formula. Sembcorp Industries's annualized ROA % for the quarter that ended in Dec. 2023 was 5.32%.


Sembcorp Industries Asset Turnover Historical Data

The historical data trend for Sembcorp Industries'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.

Sembcorp Industries Asset Turnover Chart

Sembcorp Industries 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 0.29 0.30 0.46 0.52 0.45

Sembcorp Industries Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 Premium Member Only 0.22 0.25 0.24 0.23 0.22

Competitive Comparison of Sembcorp Industries's Asset Turnover

For the Conglomerates subindustry, Sembcorp Industries'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.


Sembcorp Industries's Asset Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sembcorp Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sembcorp Industries's Asset Turnover falls into.



Sembcorp Industries Asset Turnover Calculation

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

Sembcorp Industries'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 )
=7042/( (16020+15497)/ 2 )
=7042/15758.5
=0.45

Sembcorp Industries'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 )
=3384/( (15456+15497)/ 2 )
=3384/15476.5
=0.22

* 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.


Sembcorp Industries  (SGX:U96) Asset Turnover Explanation

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

Sembcorp Industries's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=824/4539.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(824 / 6768)*(6768 / 15476.5)*(15476.5/ 4539.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.17 %*0.4373*3.4093
=ROA %*Equity Multiplier
=5.32 %*3.4093
=18.15 %

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:

Sembcorp Industries's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=824/15476.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(824 / 6768)*(6768 / 15476.5)
=Net Margin %*Asset Turnover
=12.17 %*0.4373
=5.32 %

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.


Sembcorp Industries Asset Turnover Related Terms

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Sembcorp Industries (SGX:U96) Business Description

Traded in Other Exchanges
Address
30 Hill Street, Number 05-04, Singapore, SGP, 179360
Sembcorp Industries Ltd is an investment holding company engaged in the production and supply of utility services, and handling and storage of petroleum products and chemicals. Its business is divided into four segments: Energy, Urban, and Others/Corporate. The company's service portfolio includes power generation, process steam production, wastewater treatment, integrated solutions for offshore and marine industry such as specialized shipbuilding, and repairs & upgrades, and development and marketing of commercial and residential spaces, among others. A vast majority of the company's income is generated by the energy segment, and the majority of the company's revenue is earned in Singapore and India together.

Sembcorp Industries (SGX:U96) Headlines

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