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Tulsi Extrusions (LUX:166026) Asset Turnover : 0.03 (As of Jun. 2018)


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What is Tulsi Extrusions Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tulsi Extrusions's Revenue for the three months ended in Jun. 2018 was $0.69 Mil. Tulsi Extrusions's Total Assets for the quarter that ended in Jun. 2018 was $25.69 Mil. Therefore, Tulsi Extrusions's Asset Turnover for the quarter that ended in Jun. 2018 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Tulsi Extrusions's annualized ROE % for the quarter that ended in Jun. 2018 was 38.73%. It is also linked to ROA % through Du Pont Formula. Tulsi Extrusions's annualized ROA % for the quarter that ended in Jun. 2018 was -16.29%.


Tulsi Extrusions Asset Turnover Historical Data

The historical data trend for Tulsi Extrusions'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.

Tulsi Extrusions Asset Turnover Chart

Tulsi Extrusions Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.35 0.27 0.32 0.15

Tulsi Extrusions Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.02 0.02 0.02 0.03

Competitive Comparison of Tulsi Extrusions's Asset Turnover

For the Auto Parts subindustry, Tulsi Extrusions'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.


Tulsi Extrusions's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tulsi Extrusions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tulsi Extrusions's Asset Turnover falls into.



Tulsi Extrusions Asset Turnover Calculation

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

Tulsi Extrusions's Asset Turnover for the fiscal year that ended in Mar. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2018 )/( (Total Assets (A: Mar. 2017 )+Total Assets (A: Mar. 2018 ))/ count )
=4.026/( (29.461+25.686)/ 2 )
=4.026/27.5735
=0.15

Tulsi Extrusions's Asset Turnover for the quarter that ended in Jun. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2018 )/( (Total Assets (Q: Mar. 2018 )+Total Assets (Q: Jun. 2018 ))/ count )
=0.685/( (25.686+0)/ 1 )
=0.685/25.686
=0.03

* 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.


Tulsi Extrusions  (LUX:166026) Asset Turnover Explanation

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

Tulsi Extrusions's annulized ROE % for the quarter that ended in Jun. 2018 is

ROE %**(Q: Jun. 2018 )
=Net Income/Total Stockholders Equity
=-4.184/-10.804
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4.184 / 2.74)*(2.74 / 25.686)*(25.686/ -10.804)
=Net Margin %*Asset Turnover*Equity Multiplier
=-152.7 %*0.1067*-2.3775
=ROA %*Equity Multiplier
=-16.29 %*-2.3775
=38.73 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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:

Tulsi Extrusions's annulized ROA % for the quarter that ended in Jun. 2018 is

ROA %(Q: Jun. 2018 )
=Net Income/Total Assets
=-4.184/25.686
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4.184 / 2.74)*(2.74 / 25.686)
=Net Margin %*Asset Turnover
=-152.7 %*0.1067
=-16.29 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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.


Tulsi Extrusions Asset Turnover Related Terms

Thank you for viewing the detailed overview of Tulsi Extrusions's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Tulsi Extrusions (LUX:166026) Business Description

Traded in Other Exchanges
N/A
Address
Plot number N-99, MIDC Area, Jalgaon, MH, IND, 425003
Tulsi Extrusions Ltd is a polymer processing company with products in agribusiness. The company is engaged in manufacturing Polyvinyl chloride pipes for the rural agriculture market. It operates in two segments Poly Vinyl Chloride Pipes and Fittings; and Micro Irrigation Systems. Its products portfolio includes UPVC Pipes, Injection Molding PVC Fittings and Fabricated Fittings, ASTM Pipes, SWR Pipes & Fittings, HDPE Pipe Systems, LLDPE Pipe and Drip irrigation system, CPVC Pipes and Fittings. The company's products are used in various industries including irrigation sector, industrial sector, infrastructure and housing sector.

Tulsi Extrusions (LUX:166026) Headlines

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