Adani Energy Solutions (BOM:539254) Asset Turnover : 0.08 (As of Dec. 2023)

Adani Energy Solutions Asset Turnover Chart

Adani Energy Solutions Annual Data
	Trend	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Asset Turnover		Get a 7-Day Free Trial				0.29	0.32	0.24	0.24	0.26

Adani Energy Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Asset Turnover	Get a 7-Day Free Trial															0.07	0.06	0.07	0.07	0.08

Competitive Comparison of Adani Energy Solutions's Asset Turnover

For the Utilities - Independent Power Producers subindustry, Adani Energy Solutions'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.

Adani Energy Solutions's Asset Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Adani Energy Solutions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Adani Energy Solutions's Asset Turnover falls into.

Adani Energy Solutions Asset Turnover Calculation

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

Adani Energy Solutions's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Adani Energy Solutions's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

* 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.

Adani Energy Solutions  (BOM:539254) Asset Turnover Explanation

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

Adani Energy Solutions's annulized ROE % for the quarter that ended in Dec. 2023 is

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Adani Energy Solutions's annulized ROA % for the quarter that ended in Dec. 2023 is

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.

Adani Energy Solutions Asset Turnover Related Terms

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Adani Energy Solutions (BOM:539254) Business Description