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Farm Fresh Bhd (XKLS:5306) Asset Turnover : 0.17 (As of Dec. 2023)


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What is Farm Fresh 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. Farm Fresh Bhd's Revenue for the three months ended in Dec. 2023 was RM211.6 Mil. Farm Fresh Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM1,250.6 Mil. Therefore, Farm Fresh Bhd's Asset Turnover for the quarter that ended in Dec. 2023 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Farm Fresh Bhd's annualized ROE % for the quarter that ended in Dec. 2023 was 12.89%. It is also linked to ROA % through Du Pont Formula. Farm Fresh Bhd's annualized ROA % for the quarter that ended in Dec. 2023 was 6.54%.


Farm Fresh Bhd Asset Turnover Historical Data

The historical data trend for Farm Fresh 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.

Farm Fresh Bhd Asset Turnover Chart

Farm Fresh Bhd Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Asset Turnover
0.65 0.88 0.95 0.62 0.61

Farm Fresh Bhd Quarterly Data
Mar19 Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.15 0.15 0.16 0.16 0.17

Competitive Comparison of Farm Fresh Bhd's Asset Turnover

For the Packaged Foods subindustry, Farm Fresh 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.


Farm Fresh Bhd's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Farm Fresh Bhd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Farm Fresh Bhd's Asset Turnover falls into.



Farm Fresh Bhd Asset Turnover Calculation

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

Farm Fresh Bhd's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=629.691/( (1010.014+1062.636)/ 2 )
=629.691/1036.325
=0.61

Farm Fresh 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: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=211.621/( (1233.574+1267.684)/ 2 )
=211.621/1250.629
=0.17

* 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.


Farm Fresh Bhd  (XKLS:5306) Asset Turnover Explanation

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

Farm Fresh Bhd's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=81.764/634.279
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(81.764 / 846.484)*(846.484 / 1250.629)*(1250.629/ 634.279)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.66 %*0.6768*1.9717
=ROA %*Equity Multiplier
=6.54 %*1.9717
=12.89 %

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

Farm Fresh Bhd's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=81.764/1250.629
=(Net Income / Revenue)*(Revenue / Total Assets)
=(81.764 / 846.484)*(846.484 / 1250.629)
=Net Margin %*Asset Turnover
=9.66 %*0.6768
=6.54 %

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


Farm Fresh Bhd Asset Turnover Related Terms

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Farm Fresh Bhd (XKLS:5306) Business Description

Traded in Other Exchanges
N/A
Address
No 11-1 Jalan Petaling, Kawasan Perindustrian Larkin, Johor Bahru, JHR, MYS, 80350
Farm Fresh Bhd is a vertically integrated dairy group engaged in the business of farming, manufacturing and distributing dairy and plant-based products. The group has two reportable segments: Malaysia's Operation and Australia's Operation.

Farm Fresh Bhd (XKLS:5306) Headlines

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