Golden Tobacco (BOM:500151) Asset Turnover: 0.03 (As of Dec. 2021)


BOM:500151 Golden Tobacco Ltd BOM:500151
4 GF Score
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What is Golden Tobacco Asset Turnover?

Golden Tobacco BOM:500151 -4.76% 4 Asset Turnover is 0.03 as of Dec. 2021. GuruFocus rates BOM:500151 with a GF Score™ of 4/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Golden Tobacco's Revenue for the three months ended in Dec. 2021 was ₹38.0 Mil. Golden Tobacco's Total Assets for the quarter that ended in Dec. 2021 was ₹1,487.0 Mil. Therefore, Golden Tobacco's Asset Turnover for the quarter that ended in Dec. 2021 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Golden Tobacco's annualized ROE % for the quarter that ended in Dec. 2021 was 3.03%. It is also linked to ROA % through Du Pont Formula. Golden Tobacco's annualized ROA % for the quarter that ended in Dec. 2021 was -4.18%.

Golden Tobacco  (BOM:500151) Asset Turnover Explanation

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

Golden Tobacco's annulized ROE % for the quarter that ended in Dec. 2021 is

ROE %**(Q: Dec. 2021 )
=Net Income/Total Stockholders Equity
=-62.116/-2052.631
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-62.116 / 151.896)*(151.896 / 1487.048)*(1487.048/ -2052.631)
=Net Margin %*Asset Turnover*Equity Multiplier
=-40.89 %*0.1021*-0.7245
=ROA %*Equity Multiplier
=-4.18 %*-0.7245
=3.03 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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:

Golden Tobacco's annulized ROA % for the quarter that ended in Dec. 2021 is

ROA %(Q: Dec. 2021 )
=Net Income/Total Assets
=-62.116/1487.048
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-62.116 / 151.896)*(151.896 / 1487.048)
=Net Margin %*Asset Turnover
=-40.89 %*0.1021
=-4.18 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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.

Golden Tobacco Asset Turnover Related Terms

Golden Tobacco Asset Turnover Historical Data

* Premium members only.

The historical data trend for Golden Tobacco'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.

Golden Tobacco Asset Turnover Chart

Golden Tobacco Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.28 0.32 0.11 0.23

Golden Tobacco Quarterly Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 0.03 0.14 0.01 0.01 0.03

BOM:500151 vs PM, MO, VGR: Asset Turnover Comparison

For the Tobacco subindustry, Golden Tobacco'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.

Golden Tobacco Asset Turnover vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Golden Tobacco's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Golden Tobacco's Asset Turnover falls into.


BOM:500151
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Golden Tobacco Ltd BOM:500151
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Golden Tobacco Asset Turnover Calculation

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

Golden Tobacco's Asset Turnover for the fiscal year that ended in Mar. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2021 )/( (Total Assets (A: Mar. 2020 )+Total Assets (A: Mar. 2021 ))/ count )
=367.993/( (1743.514+1486.068)/ 2 )
=367.993/1614.791
=0.23

Golden Tobacco's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2021 )/( (Total Assets (Q: Sep. 2021 )+Total Assets (Q: Dec. 2021 ))/ count )
=37.974/( (1487.048+0)/ 1 )
=37.974/1487.048
=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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.03 mean?
Golden Tobacco (BOM:500151) has a Asset Turnover of 0.03 as of Dec. 2021. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Golden Tobacco and its competitors.
Is Golden Tobacco's Asset Turnover too high?
Golden Tobacco's current Asset Turnover is 0.03. Overall, Golden Tobacco has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Golden Tobacco's Asset Turnover compare to PM and MO?
Golden Tobacco's Asset Turnover of 0.03 can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Tobacco Products company?
A good Asset Turnover depends on the Tobacco Products industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Golden Tobacco and its competitors. Golden Tobacco's current Asset Turnover is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Tobacco stock overvalued right now?
Golden Tobacco (BOM:500151) has a current Asset Turnover of 0.03. The current Asset Turnover is 0.03. Golden Tobacco's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Golden Tobacco (BOM:500151), the current Asset Turnover is 0.03 as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Golden Tobacco Business Description

Address At Darjipura, Post Amaliyara, Vadodara, GJ, IND, 390 022
Golden Tobacco Ltd is an Indian based firm engaged in the business of Tobacco. The company is primarily involved in the manufacturing of cigarettes and cigars. Its operating segment includes Tobacco Products and Realty. The company generates maximum revenue from Realty segment. It sells cigarettes and cigars under various brands such as Panama, Chancellor, Golden's, and Steel.
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