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Quality RO Industries (BOM:543460) Asset Turnover : 0.48 (As of Mar. 2024)


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What is Quality RO Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Quality RO Industries's Revenue for the six months ended in Mar. 2024 was ₹70.8 Mil. Quality RO Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹148.6 Mil. Therefore, Quality RO Industries's Asset Turnover for the quarter that ended in Mar. 2024 was 0.48.

Asset Turnover is linked to ROE % through Du Pont Formula. Quality RO Industries's annualized ROE % for the quarter that ended in Mar. 2024 was 22.15%. It is also linked to ROA % through Du Pont Formula. Quality RO Industries's annualized ROA % for the quarter that ended in Mar. 2024 was 13.81%.


Quality RO Industries Asset Turnover Historical Data

The historical data trend for Quality RO Industries'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.

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Quality RO Industries Asset Turnover Chart

Quality RO Industries Annual Data
Trend Mar22 Mar23 Mar24
Asset Turnover
0.15 0.63 1.00

Quality RO Industries Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Asset Turnover Get a 7-Day Free Trial 0.15 0.35 0.36 0.48 0.48

Competitive Comparison of Quality RO Industries's Asset Turnover

For the Pollution & Treatment Controls subindustry, Quality RO Industries'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.


Quality RO Industries's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quality RO Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Quality RO Industries's Asset Turnover falls into.



Quality RO Industries Asset Turnover Calculation

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

Quality RO Industries's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=132.218/( (111.953+153.918)/ 2 )
=132.218/132.9355
=0.99

Quality RO Industries's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=70.848/( (143.199+153.918)/ 2 )
=70.848/148.5585
=0.48

* 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.


Quality RO Industries  (BOM:543460) Asset Turnover Explanation

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

Quality RO Industries's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=20.514/92.621
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(20.514 / 141.696)*(141.696 / 148.5585)*(148.5585/ 92.621)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.48 %*0.9538*1.6039
=ROA %*Equity Multiplier
=13.81 %*1.6039
=22.15 %

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

Quality RO Industries's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=20.514/148.5585
=(Net Income / Revenue)*(Revenue / Total Assets)
=(20.514 / 141.696)*(141.696 / 148.5585)
=Net Margin %*Asset Turnover
=14.48 %*0.9538
=13.81 %

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


Quality RO Industries Asset Turnover Related Terms

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Quality RO Industries (BOM:543460) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 09, POR Industrial Park, NH 08 Behind Sahayog Hotel, Village PO, Vadodara, GJ, IND, 391243
Quality RO Industries Ltd is engaged in the business of manufacturing, marketing, and supplying components for water purifiers and softener equipment. These water purifier parts have been designed to make a proper fit for RO plants and systems of different varieties, as we produce strictly according to industry standards. The company is at present engaged in the business of Trading and Manufacturing RO products and Transportation activities, which constitute two business segments. The prime revenue generator is the trading and manufacturing of the RO products segment.

Quality RO Industries (BOM:543460) Headlines

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