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PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Asset Turnover : 0.99 (As of Jun. 2023)


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What is PT Citra Nusantara Gemilang Tbk Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PT Citra Nusantara Gemilang Tbk's Revenue for the six months ended in Jun. 2023 was Rp182,662 Mil. PT Citra Nusantara Gemilang Tbk's Total Assets for the quarter that ended in Jun. 2023 was Rp184,164 Mil. Therefore, PT Citra Nusantara Gemilang Tbk's Asset Turnover for the quarter that ended in Jun. 2023 was 0.99.

Asset Turnover is linked to ROE % through Du Pont Formula. PT Citra Nusantara Gemilang Tbk's annualized ROE % for the quarter that ended in Jun. 2023 was 12.91%. It is also linked to ROA % through Du Pont Formula. PT Citra Nusantara Gemilang Tbk's annualized ROA % for the quarter that ended in Jun. 2023 was 4.64%.


PT Citra Nusantara Gemilang Tbk Asset Turnover Historical Data

The historical data trend for PT Citra Nusantara Gemilang Tbk'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.

PT Citra Nusantara Gemilang Tbk Asset Turnover Chart

PT Citra Nusantara Gemilang Tbk Annual Data
Trend Dec20 Dec21 Dec22
Asset Turnover
2.26 2.21 2.33

PT Citra Nusantara Gemilang Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Asset Turnover - - 1.17 1.16 0.99

Competitive Comparison of PT Citra Nusantara Gemilang Tbk's Asset Turnover

For the Oil & Gas Refining & Marketing subindustry, PT Citra Nusantara Gemilang Tbk'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.


PT Citra Nusantara Gemilang Tbk's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Citra Nusantara Gemilang Tbk's Asset Turnover distribution charts can be found below:

* The bar in red indicates where PT Citra Nusantara Gemilang Tbk's Asset Turnover falls into.



PT Citra Nusantara Gemilang Tbk Asset Turnover Calculation

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

PT Citra Nusantara Gemilang Tbk's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=423553.944/( (183227.431+179775.354)/ 2 )
=423553.944/181501.3925
=2.33

PT Citra Nusantara Gemilang Tbk's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=182661.821/( (179775.354+188553.587)/ 2 )
=182661.821/184164.4705
=0.99

* 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.


PT Citra Nusantara Gemilang Tbk  (ISX:CGAS) Asset Turnover Explanation

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

PT Citra Nusantara Gemilang Tbk's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=8538.284/66129.4375
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8538.284 / 365323.642)*(365323.642 / 184164.4705)*(184164.4705/ 66129.4375)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.34 %*1.9837*2.7849
=ROA %*Equity Multiplier
=4.64 %*2.7849
=12.91 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:

PT Citra Nusantara Gemilang Tbk's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=8538.284/184164.4705
=(Net Income / Revenue)*(Revenue / Total Assets)
=(8538.284 / 365323.642)*(365323.642 / 184164.4705)
=Net Margin %*Asset Turnover
=2.34 %*1.9837
=4.64 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


PT Citra Nusantara Gemilang Tbk Asset Turnover Related Terms

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PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Business Description

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PT Citra Nusantara Gemilang Tbk is engaged in natural gas trading and distribution. It focuses on developing compressed natural gas (CNG) in Indonesia through natural gas trading and distribution business activities using transportation modes to areas that are not yet reached by gas pipeline networks with stable gas pressure. This natural gas is used for industrial, transportation, housing and private power plants that use gas as an energy source.

PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Headlines

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