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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Asset Turnover : 1.77 (As of Feb. 2024)


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What is Econet Wireless Zimbabwe Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Econet Wireless Zimbabwe's Revenue for the six months ended in Feb. 2024 was ZWL13,652,900 Mil. Econet Wireless Zimbabwe's Total Assets for the quarter that ended in Feb. 2024 was ZWL7,729,330 Mil. Therefore, Econet Wireless Zimbabwe's Asset Turnover for the quarter that ended in Feb. 2024 was 1.77.

Asset Turnover is linked to ROE % through Du Pont Formula. Econet Wireless Zimbabwe's annualized ROE % for the quarter that ended in Feb. 2024 was -46.62%. It is also linked to ROA % through Du Pont Formula. Econet Wireless Zimbabwe's annualized ROA % for the quarter that ended in Feb. 2024 was -30.02%.


Econet Wireless Zimbabwe Asset Turnover Historical Data

The historical data trend for Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe Asset Turnover Chart

Econet Wireless Zimbabwe Annual Data
Trend Feb09 Feb11 Feb12 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.69 0.66 1.25 12.08 2.30

Econet Wireless Zimbabwe Semi-Annual Data
Feb11 Aug11 Feb12 Aug12 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 0.80 1.07 10.97 0.55 1.77

Competitive Comparison of Econet Wireless Zimbabwe's Asset Turnover

For the Telecom Services subindustry, Econet Wireless Zimbabwe'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.


Econet Wireless Zimbabwe's Asset Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Econet Wireless Zimbabwe's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Econet Wireless Zimbabwe's Asset Turnover falls into.



Econet Wireless Zimbabwe Asset Turnover Calculation

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

Econet Wireless Zimbabwe's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=14752552/( (709022.033+12141399)/ 2 )
=14752552/6425210.5165
=2.30

Econet Wireless Zimbabwe's Asset Turnover for the quarter that ended in Feb. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=13652900/( (3317261+12141399)/ 2 )
=13652900/7729330
=1.77

* 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.


Econet Wireless Zimbabwe  (XZIM:ECO.ZW) Asset Turnover Explanation

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

Econet Wireless Zimbabwe's annulized ROE % for the quarter that ended in Feb. 2024 is

ROE %**(Q: Feb. 2024 )
=Net Income/Total Stockholders Equity
=-2320274/4977457
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2320274 / 27305800)*(27305800 / 7729330)*(7729330/ 4977457)
=Net Margin %*Asset Turnover*Equity Multiplier
=-8.5 %*3.5328*1.5529
=ROA %*Equity Multiplier
=-30.02 %*1.5529
=-46.62 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (Feb. 2024) 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:

Econet Wireless Zimbabwe's annulized ROA % for the quarter that ended in Feb. 2024 is

ROA %(Q: Feb. 2024 )
=Net Income/Total Assets
=-2320274/7729330
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2320274 / 27305800)*(27305800 / 7729330)
=Net Margin %*Asset Turnover
=-8.5 %*3.5328
=-30.02 %

Note: The Net Income data used here is two times the semi-annual (Feb. 2024) net income data. The Revenue data used here is two times the semi-annual (Feb. 2024) 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.


Econet Wireless Zimbabwe Asset Turnover Related Terms

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Traded in Other Exchanges
N/A
Address
2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE
Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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