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Tijaria Polypipes (BOM:533629) Asset Turnover : 0.00 (As of Mar. 2024)


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What is Tijaria Polypipes Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tijaria Polypipes's Revenue for the three months ended in Mar. 2024 was ₹1.07 Mil. Tijaria Polypipes's Total Assets for the quarter that ended in Mar. 2024 was ₹570.59 Mil. Therefore, Tijaria Polypipes's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Tijaria Polypipes's annualized ROE % for the quarter that ended in Mar. 2024 was 10.68%. It is also linked to ROA % through Du Pont Formula. Tijaria Polypipes's annualized ROA % for the quarter that ended in Mar. 2024 was -5.00%.


Tijaria Polypipes Asset Turnover Historical Data

The historical data trend for Tijaria Polypipes'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.

Tijaria Polypipes Asset Turnover Chart

Tijaria Polypipes Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.65 0.67 0.21 -

Tijaria Polypipes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.06 - - - -

Competitive Comparison of Tijaria Polypipes's Asset Turnover

For the Building Products & Equipment subindustry, Tijaria Polypipes'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.


Tijaria Polypipes's Asset Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Tijaria Polypipes's Asset Turnover falls into.



Tijaria Polypipes Asset Turnover Calculation

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

Tijaria Polypipes'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 )
=1.485/( (615.269+545.21)/ 2 )
=1.485/580.2395
=0.00

Tijaria Polypipes'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: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1.066/( (595.977+545.21)/ 2 )
=1.066/570.5935
=0.00

* 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.


Tijaria Polypipes  (BOM:533629) Asset Turnover Explanation

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

Tijaria Polypipes's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-28.544/-267.1555
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-28.544 / 4.264)*(4.264 / 570.5935)*(570.5935/ -267.1555)
=Net Margin %*Asset Turnover*Equity Multiplier
=-669.42 %*0.0075*-2.1358
=ROA %*Equity Multiplier
=-5.00 %*-2.1358
=10.68 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (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:

Tijaria Polypipes's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-28.544/570.5935
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-28.544 / 4.264)*(4.264 / 570.5935)
=Net Margin %*Asset Turnover
=-669.42 %*0.0075
=-5.00 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Tijaria Polypipes Asset Turnover Related Terms

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Tijaria Polypipes (BOM:533629) Business Description

Traded in Other Exchanges
Address
SP-1-2316, RIICO Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur, RJ, IND, 302022
Tijaria Polypipes Ltd manufactures HDPE Pipes, PLB HDPE Duct, MDPE Pipes, DWC HDPE Pipes, uPVC Pipes, PVC-U Pipes, Mink Blankets, partially oriented yarn, and draw textured yarn, surgical masks, N-95 Mask under the registered brand name of Tijaria and Vikas. The company operates in two segments Pipes and Textiles. The company produces a product range in the field of plastics, HDPE Pipes for Electrical, Water and Sewerage, PVC-U and DWC HDPE Pipes for Sewerage, uPVC Pipes for Water, PLB HDPE Ducts for telecommunications, HDPE Sprinkler Irrigation Systems, MDPE Pipes for Water Supply etc. The majority of its revenue is generated from the pipes segment.

Tijaria Polypipes (BOM:533629) Headlines

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