Origin Agritech(Seed) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - total asset turnover
This chart shows the historical trend of total asset turnover for SEED 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 '2021', SEED's total asset turnover was 0.39, reflecting overall efficiency in utilizing assets. Industry average for Farming/Seeds/Milling in '2021' stood at 1.24.
• In '2022', SEED's total asset turnover was 0.41, reflecting overall efficiency in utilizing assets. The increase since '2021' reflects strengthening financial performance. Industry average for Farming/Seeds/Milling in '2022' stood at 1.37. Industry average increased by 0.12 compared to previous year.
• In '2023', SEED's total asset turnover was 0.50, reflecting overall efficiency in utilizing assets. The increase since '2022' reflects strengthening financial performance. Industry average for Farming/Seeds/Milling in '2023' stood at 1.35. Industry average declined by 0.01 from previous year.
• In '2024', SEED's total asset turnover was 0.61, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Farming/Seeds/Milling in '2024' stood at 1.19. Industry average declined by 0.16 from previous year.
Overall, SEED's total asset turnover has been volatile but showed an upward trend over the past 4 years.
Formula: Total Asset Turnover = Net Sales / Total Assets
Good Range: Ranges from 0.5 to 2 depending on business type.