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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cang Bao Tian Xia International Art Trade Center's Revenue for the three months ended in Dec. 2021 was $0.00 Mil. Cang Bao Tian Xia International Art Trade Center's Total Assets for the quarter that ended in Dec. 2021 was $18.83 Mil. Therefore, Cang Bao Tian Xia International Art Trade Center's Asset Turnover for the quarter that ended in Dec. 2021 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Cang Bao Tian Xia International Art Trade Center's annualized ROE % for the quarter that ended in Dec. 2021 was 71.66%. It is also linked to ROA % through Du Pont Formula. Cang Bao Tian Xia International Art Trade Center's annualized ROA % for the quarter that ended in Dec. 2021 was -76.53%.
The historical data trend for Cang Bao Tian Xia International Art Trade Center'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.
Cang Bao Tian Xia International Art Trade Center Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun18 | Jun19 | Jun20 | Jun21 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.59 | - | - | 0.78 | 0.09 |
Cang Bao Tian Xia International Art Trade Center Quarterly Data | ||||||||||||||||||||
Mar11 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Asset Turnover | Get a 7-Day Free Trial | -0.05 | 0.04 | - | - | - |
For the Specialty Retail subindustry, Cang Bao Tian Xia International Art Trade Center'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Cang Bao Tian Xia International Art Trade Center's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Cang Bao Tian Xia International Art Trade Center's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Cang Bao Tian Xia International Art Trade Center's Asset Turnover for the fiscal year that ended in Jun. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Jun. 2021 ) | / | ( (Total Assets (A: Jun. 2020 ) | + | Total Assets (A: Jun. 2021 )) | / count ) |
= | 1.303 | / | ( (9.181 | + | 20.442) | / 2 ) |
= | 1.303 | / | 14.8115 | |||
= | 0.09 |
Cang Bao Tian Xia International Art Trade Center's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Dec. 2021 ) | / | ( (Total Assets (Q: Sep. 2021 ) | + | Total Assets (Q: Dec. 2021 )) | / count ) |
= | 0.001 | / | ( (19.17 | + | 18.483) | / 2 ) |
= | 0.001 | / | 18.8265 | |||
= | 0.00 |
* 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.
Cang Bao Tian Xia International Art Trade Center (OTCPK:TXCB) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Cang Bao Tian Xia International Art Trade Center's annulized ROE % for the quarter that ended in Dec. 2021 is
ROE %** | (Q: Dec. 2021 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -14.408 | / | -20.1065 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-14.408 / 0.004) | * | (0.004 / 18.8265) | * | (18.8265/ -20.1065) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -360200 % | * | 0.0002 | * | -0.9363 |
= | ROA % | * | Equity Multiplier | ||
= | -76.53 % | * | -0.9363 | ||
= | 71.66 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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:
Cang Bao Tian Xia International Art Trade Center's annulized ROA % for the quarter that ended in Dec. 2021 is
ROA % | (Q: Dec. 2021 ) | ||
= | Net Income | / | Total Assets |
= | -14.408 | / | 18.8265 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-14.408 / 0.004) | * | (0.004 / 18.8265) |
= | Net Margin % | * | Asset Turnover |
= | -360200 % | * | 0.0002 |
= | -76.53 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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.
Thank you for viewing the detailed overview of Cang Bao Tian Xia International Art Trade Center's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Wei Wang | 10 percent owner | NO. 14, LANE 1, DONGXIAO CITY, CHONGWEN DISTRICT, BEIJING F4 0000000 |
Liang Tan | director | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Yaqin Fu | 10 percent owner | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Xingtao Zhou | director, 10 percent owner, officer: CEO and CFO | 5-1-1206 HEFENG JIANGAN, NIANQUING ROAD MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE F4 00000 |
Ruihua International Ltd | 10 percent owner | PO BOX 83, DES PLAINES IL 60016 |
Jayhawk Capital Management Llc | other: 13(d) group owning > 10% | 13021 W 74TH ST, SHAWNEE KS 66216 |
Jayhawk Private Equity Gp, L.p. | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Co Invest Fund Lp | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Fund L P | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Kent C Mccarthy | 10 percent owner, other: 13(d) group owning > 10% | 930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451 |
Pinnacle China Fund, L.p. | 10 percent owner | 4965 PRESTON PARK BLVD., SUITE 240, PLANO TX 75093 |
Philip Widmann | officer: Senior Vice President | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Jason Lu | director, officer: Chief Executive Officer | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Ming He | officer: Chief Financial Officer | NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308 |
Haining Liu | director | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
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