Phoenix Asia Ordinary Shares(Phoe) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios

Report Profitability Growth Liquidity Solvency Valuation

fixed asset turnover payables turnover receivables turnover total asset turnover working capital turnover

Growth Trend (Last 5 Years)

Growth - total asset turnover

This chart shows the historical trend of total asset turnover for PHOE compared to its industry average over the recent years.

Ratio Definition and Interpretation

Name: Total Asset Turnover

Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.

Interpretation:
• In '2023', PHOE's total asset turnover was 1.39, reflecting overall efficiency in utilizing assets. Industry average for Engineering & Construction in '2023' stood at 1.37.
• In '2024', PHOE's total asset turnover was 2.17, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Engineering & Construction in '2024' stood at 1.27. Industry average declined by 0.10 from previous year.
Overall, PHOE's total asset turnover has been volatile but showed an upward trend over the past 2 years.

Formula: Total Asset Turnover = Net Sales / Total Assets

Good Range: Ranges from 0.5 to 2 depending on business type.