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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. Manaksia Steels's Revenue for the
three
months ended in Mar. 2026 was ₹3,331 Mil. Manaksia Steels's Total Assets for the quarter that ended in Mar. 2026 was ₹5,927 Mil. Therefore, Manaksia Steels's Asset Turnover for the quarter that ended in Mar. 2026 was 0.56.
Asset Turnover is linked to ROE % through Du Pont Formula. Manaksia Steels's annualizedROE % for the quarter that ended in Mar. 2026 was 23.71%. It is also linked to ROA % through Du Pont Formula. Manaksia Steels's annualizedROA % for the quarter that ended in Mar. 2026 was 13.04%.
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:
Manaksia Steels'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.
Manaksia Steels Asset Turnover Related Terms
Manaksia Steels Asset Turnover Historical Data
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The historical data trend for Manaksia Steels'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:539044 vs NUE, STLD, RS: Asset Turnover Comparison
For the Steel subindustry, Manaksia Steels'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.
Manaksia Steels Asset Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Manaksia Steels's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Manaksia Steels'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.
Manaksia Steels (BOM:539044) has a Asset Turnover of 0.56 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Manaksia Steels and its competitors.
Is Manaksia Steels' Asset Turnover too high?
Manaksia Steels' current Asset Turnover is 0.56. Overall, Manaksia Steels has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manaksia Steels' Asset Turnover compare to NUE and STLD?
Manaksia Steels' Asset Turnover of 0.56 can be compared against companies in the Steel 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 Steel company?
A good Asset Turnover depends on the Steel 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 Manaksia Steels and its competitors. Manaksia Steels's current Asset Turnover is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manaksia Steels stock overvalued right now?
Based on GuruFocus' analysis, Manaksia Steels (BOM:539044) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹98.45, compared to a current price of ₹85.88 — trading 12.8% below its estimated fair value. The current Asset Turnover is 0.56. Manaksia Steels' overall GF Score™ is 80/100 with 5 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 Manaksia Steels (BOM:539044), the current Asset Turnover is 0.56 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 Manaksia Steels (BOM:539044) Overvalued in 2026?
Based on GuruFocus' analysis, Manaksia Steels stock appears to be undervalued.
The current stock price of ₹85.88 is trading 12.8% below its estimated GF Value™ of ₹98.45.
GuruFocus considers Manaksia Steels to be Modestly Undervalued.
Key valuation signals for BOM:539044:
Asset Turnover: 0.56
GF Value™: ₹98.45 vs. price of ₹85.88 (12.8% below fair value)
No single metric tells the full story. See the BOM:539044 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manaksia Steels Ltd is a manufacturer of value-added secondary steel products and is poised to cater to the increasing demands overseas and in India for the housing and infrastructure sectors. The company manufactures and sells steel products comprising Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coils, Color Coated Steel sheets and coils, and others. Geographically, it derives a majority of its revenue from India.
80GF Score
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