Asset Turnover is linked to ROE % through Du Pont Formula. Beekay Steel Industries's annualizedROE % for the quarter that ended in Mar. 2024 was 15.21%. It is also linked to ROA % through Du Pont Formula. Beekay Steel Industries's annualizedROA % for the quarter that ended in Mar. 2024 was 11.38%.
Beekay Steel Industries Asset Turnover Historical 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.
Competitive Comparison of Beekay Steel Industries's Asset Turnover
For the Steel subindustry, Beekay Steel Industries'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.
Beekay Steel Industries's Asset Turnover Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Beekay Steel Industries's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Beekay Steel Industries'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.
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:
Beekay Steel Industries's annulizedROA % for the quarter that ended in Mar. 2024 is
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.
Beekay Steel Industries Asset Turnover Related Terms
Thank you for viewing the detailed overview of Beekay Steel Industries's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Beekay Steel Industries (BOM:539018) Business Description
Beekay Steel Industries Ltd is engaged in the business of producing steel products. It operates in the business segment of Rolling of iron and steel. Its products include Sections including flats, rounds, squares, RCS, hexagonals, octagonals, and trapezium; Bright Bars including flats, rounds, squares, and hexagonals; Structurals including angles, channels, i-beams, and h-beams; TMT bars; and coil springs. The company derives revenues from the sale of manufactured goods, traded goods and related services.
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