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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. The Hi-Tech Gears's Revenue for the
three
months ended in Mar. 2026 was ₹2,237 Mil. The Hi-Tech Gears's Total Assets for the quarter that ended in Mar. 2026 was ₹8,393 Mil. Therefore, The Hi-Tech Gears's Asset Turnover for the quarter that ended in Mar. 2026 was 0.27.
Asset Turnover is linked to ROE % through Du Pont Formula. The Hi-Tech Gears's annualizedROE % for the quarter that ended in Mar. 2026 was 6.21%. It is also linked to ROA % through Du Pont Formula. The Hi-Tech Gears's annualizedROA % for the quarter that ended in Mar. 2026 was 3.87%.
The Hi-Tech Gears (BOM:522073) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
The Hi-Tech Gears's annulizedROE % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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:
The Hi-Tech Gears's annulizedROA % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
The Hi-Tech Gears Asset Turnover Related Terms
The Hi-Tech Gears Asset Turnover Historical Data
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The historical data trend for The Hi-Tech Gears'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.
BOM:522073 vs ORLY, AZO: Asset Turnover Comparison
For the Auto Parts subindustry, The Hi-Tech Gears'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.
The Hi-Tech Gears Asset Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, The Hi-Tech Gears's Asset Turnover distribution charts can be found below:
* The bar in red indicates where The Hi-Tech Gears's Asset Turnover falls into.
* 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.
The Hi-Tech Gears (BOM:522073) has a Asset Turnover of 0.27 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on The Hi-Tech Gears and its competitors.
Is The Hi-Tech Gears' Asset Turnover too high?
The Hi-Tech Gears' current Asset Turnover is 0.27. Overall, The Hi-Tech Gears has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Hi-Tech Gears' Asset Turnover compare to ORLY and AZO?
The Hi-Tech Gears' Asset Turnover of 0.27 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Asset Turnover depends on the Vehicles & Parts 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 The Hi-Tech Gears and its competitors. The Hi-Tech Gears's current Asset Turnover is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hi-Tech Gears stock overvalued right now?
Based on GuruFocus' analysis, The Hi-Tech Gears (BOM:522073) is currently considered Fairly Valued. The stock's GF Value™ is ₹641.45, compared to a current price of ₹620.00 — trading 3.3% below its estimated fair value. The current Asset Turnover is 0.27. The Hi-Tech Gears' overall GF Score™ is 64/100 with 2 warning signs to review. 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 The Hi-Tech Gears (BOM:522073), the current Asset Turnover is 0.27 as of Mar. 2026. 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.
Is The Hi-Tech Gears (BOM:522073) Overvalued in 2026?
Based on GuruFocus' analysis, The Hi-Tech Gears stock appears to be undervalued.
The current stock price of ₹620.00 is trading 3.3% below its estimated GF Value™ of ₹641.45.
GuruFocus considers The Hi-Tech Gears to be Fairly Valued.
Key valuation signals for BOM:522073:
Asset Turnover: 0.27
GF Value™: ₹641.45 vs. price of ₹620.00 (3.3% below fair value)
No single metric tells the full story. See the BOM:522073 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzers, clutches, steering wheels, steering columns, and steering boxes. The company's product includes power takeoff, car transmission, and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India and also has its presence in America and Other countries.
64GF Score
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