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Dc Healthcare Holdings Bhd (XKLS:0283) Asset Turnover : 0.92 (As of Dec. 2023)


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What is Dc Healthcare Holdings Bhd Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Dc Healthcare Holdings Bhd's Revenue for the six months ended in Dec. 2023 was RM67.70 Mil. Dc Healthcare Holdings Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM73.74 Mil. Therefore, Dc Healthcare Holdings Bhd's Asset Turnover for the quarter that ended in Dec. 2023 was 0.92.

Asset Turnover is linked to ROE % through Du Pont Formula. Dc Healthcare Holdings Bhd's annualized ROE % for the quarter that ended in Dec. 2023 was 12.61%. It is also linked to ROA % through Du Pont Formula. Dc Healthcare Holdings Bhd's annualized ROA % for the quarter that ended in Dec. 2023 was 6.79%.


Dc Healthcare Holdings Bhd Asset Turnover Historical Data

The historical data trend for Dc Healthcare Holdings Bhd'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.

Dc Healthcare Holdings Bhd Asset Turnover Chart

Dc Healthcare Holdings Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.94 0.97 1.03 1.29 0.92

Dc Healthcare Holdings Bhd Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover 0.94 0.97 1.03 1.29 0.92

Competitive Comparison of Dc Healthcare Holdings Bhd's Asset Turnover

For the Medical Care Facilities subindustry, Dc Healthcare Holdings Bhd'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.


Dc Healthcare Holdings Bhd's Asset Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dc Healthcare Holdings Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Dc Healthcare Holdings Bhd's Asset Turnover falls into.



Dc Healthcare Holdings Bhd Asset Turnover Calculation

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

Dc Healthcare Holdings Bhd'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 )
=67.701/( (48.317+99.165)/ 2 )
=67.701/73.741
=0.92

Dc Healthcare Holdings Bhd'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 )
=67.701/( (48.317+99.165)/ 2 )
=67.701/73.741
=0.92

* 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.


Dc Healthcare Holdings Bhd  (XKLS:0283) Asset Turnover Explanation

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

Dc Healthcare Holdings Bhd's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=5.008/39.716
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.008 / 135.402)*(135.402 / 73.741)*(73.741/ 39.716)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.7 %*1.8362*1.8567
=ROA %*Equity Multiplier
=6.79 %*1.8567
=12.61 %

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:

Dc Healthcare Holdings Bhd's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=5.008/73.741
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.008 / 135.402)*(135.402 / 73.741)
=Net Margin %*Asset Turnover
=3.7 %*1.8362
=6.79 %

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.


Dc Healthcare Holdings Bhd Asset Turnover Related Terms

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Dc Healthcare Holdings Bhd (XKLS:0283) Business Description

Traded in Other Exchanges
N/A
Address
Centrepoint South Mid Valley City, Suites 22.01, 22.02 & 22.05, Level 22, Lingkaran Syed Putra, Kuala Lumpur, MYS, 59200
Dc Healthcare Holdings Bhd Is an investment holding company. Through its subsidiaries, the company provides Aesthetic Services specializing in Non-Invasive and Minimally-Invasive procedures. Non-Invasive procedures are medical procedures that do not involve entering the body through surgical incisions; whilst Minimally Invasive procedures limit the size and quantity of incisions and injections thereby reducing wound healing time, associated pain and risk of infection. The business activities are categorized into 2 segments, Aesthetic Services, and General Medical Services. The majority of revenue is derived from the Aesthetic Services segment.

Dc Healthcare Holdings Bhd (XKLS:0283) Headlines

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