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Abhishek Integrations (NSE:AILIMITED) Asset Turnover : 0.99 (As of Mar. 2024)


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What is Abhishek Integrations Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Abhishek Integrations's Revenue for the six months ended in Mar. 2024 was ₹145.9 Mil. Abhishek Integrations's Total Assets for the quarter that ended in Mar. 2024 was ₹148.2 Mil. Therefore, Abhishek Integrations's Asset Turnover for the quarter that ended in Mar. 2024 was 0.99.

Asset Turnover is linked to ROE % through Du Pont Formula. Abhishek Integrations's annualized ROE % for the quarter that ended in Mar. 2024 was 11.08%. It is also linked to ROA % through Du Pont Formula. Abhishek Integrations's annualized ROA % for the quarter that ended in Mar. 2024 was 6.72%.


Abhishek Integrations Asset Turnover Historical Data

The historical data trend for Abhishek Integrations'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.

Abhishek Integrations Asset Turnover Chart

Abhishek Integrations Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial 3.48 1.21 1.77 1.77 1.67

Abhishek Integrations Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.75 1.05 0.79 0.99

Competitive Comparison of Abhishek Integrations's Asset Turnover

For the Infrastructure Operations subindustry, Abhishek Integrations'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.


Abhishek Integrations's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Abhishek Integrations's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Abhishek Integrations's Asset Turnover falls into.



Abhishek Integrations Asset Turnover Calculation

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

Abhishek Integrations'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 )
=254.476/( (141.913+162.689)/ 2 )
=254.476/152.301
=1.67

Abhishek Integrations'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 )
=145.9/( (133.682+162.689)/ 2 )
=145.9/148.1855
=0.98

* 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.


Abhishek Integrations  (NSE:AILIMITED) Asset Turnover Explanation

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

Abhishek Integrations's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=9.96/89.8605
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9.96 / 291.8)*(291.8 / 148.1855)*(148.1855/ 89.8605)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.41 %*1.9692*1.6491
=ROA %*Equity Multiplier
=6.72 %*1.6491
=11.08 %

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:

Abhishek Integrations's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=9.96/148.1855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(9.96 / 291.8)*(291.8 / 148.1855)
=Net Margin %*Asset Turnover
=3.41 %*1.9692
=6.72 %

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.


Abhishek Integrations Asset Turnover Related Terms

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Abhishek Integrations (NSE:AILIMITED) Business Description

Traded in Other Exchanges
N/A
Address
Gandhinagar Hwy, opp. Rajpath Rangoli Road, 801, Venus Benecia, Sarkhej, Bodakdev, Ahmedabad, GJ, IND, 380053
Abhishek Integrations Ltd is engaged in developing, operating, and maintenance of electrical and mechanical work and its installation at various airports in India. The firm has various ongoing projects of the airport authority of India located at Ahmedabad, Allahabad, Aurangabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur, and Vadodara among others.

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