Aluminum Corp Of China annual asset turnover
2018
2019
2020
2021
2022
Aluminum Corp Of China Asset Turnover Growth & History (ALMMF)
Aluminum Corp Of China's asset turnover was 1.38 for fiscal 2022.
View full Aluminum Corp Of China company overviewAluminum Corp Of China annual asset turnover history
| Fiscal year | Period ended | Asset turnover | Change | Growth |
|---|---|---|---|---|
| 2022 | 2022-12-31 | 1.38 | −0.03 | −1.83% |
| 2021 | 2021-12-31 | 1.41 | 0.44 | +45.98% |
| 2020 | 2020-12-31 | 0.97 | 0.03 | +3.25% |
| 2019 | 2019-12-31 | 0.94 | 0.06 | +6.99% |
| 2018 | 2018-12-31 | 0.87 | — | — |
Aluminum Corp Of China asset turnover trends
Between the periods ended 2018-12-31 and 2022-12-31, Aluminum Corp Of China's asset turnover increased from 0.87 to 1.38, a change of 0.51.
About the metric
What asset turnover means
Asset turnover measures how much revenue a company generates for each unit of assets employed in the business. A higher ratio generally indicates more efficient asset use, although useful comparisons depend heavily on the industry.
Calculation and source
How asset turnover is calculated
TickerStat calculates annual asset turnover as reported revenue divided by average total assets. Quarterly values use trailing-12-month revenue and average assets over the corresponding one-year period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Aluminum Corp Of China source filings ↗