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Siddharth Education Services (BOM:540736) Asset Turnover : 0.07 (As of Mar. 2020)


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What is Siddharth Education Services Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Siddharth Education Services's Revenue for the six months ended in Mar. 2020 was ₹28.97 Mil. Siddharth Education Services's Total Assets for the quarter that ended in Mar. 2020 was ₹423.42 Mil. Therefore, Siddharth Education Services's Asset Turnover for the quarter that ended in Mar. 2020 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Siddharth Education Services's annualized ROE % for the quarter that ended in Mar. 2020 was -19.63%. It is also linked to ROA % through Du Pont Formula. Siddharth Education Services's annualized ROA % for the quarter that ended in Mar. 2020 was -10.60%.


Siddharth Education Services Asset Turnover Historical Data

The historical data trend for Siddharth Education Services'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.

Siddharth Education Services Asset Turnover Chart

Siddharth Education Services Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20
Asset Turnover
0.26 0.36 0.50 0.38 0.07

Siddharth Education Services Semi-Annual Data
Mar16 Mar17 Mar18 Mar19 Mar20
Asset Turnover 0.26 0.36 0.50 0.38 0.07

Competitive Comparison of Siddharth Education Services's Asset Turnover

For the Education & Training Services subindustry, Siddharth Education Services'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.


Siddharth Education Services's Asset Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Siddharth Education Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Siddharth Education Services's Asset Turnover falls into.



Siddharth Education Services Asset Turnover Calculation

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

Siddharth Education Services's Asset Turnover for the fiscal year that ended in Mar. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2020 )/( (Total Assets (A: Mar. 2019 )+Total Assets (A: Mar. 2020 ))/ count )
=28.965/( (494.303+352.537)/ 2 )
=28.965/423.42
=0.07

Siddharth Education Services's Asset Turnover for the quarter that ended in Mar. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2020 )/( (Total Assets (Q: Mar. 2019 )+Total Assets (Q: Mar. 2020 ))/ count )
=28.965/( (494.303+352.537)/ 2 )
=28.965/423.42
=0.07

* 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.


Siddharth Education Services  (BOM:540736) Asset Turnover Explanation

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

Siddharth Education Services's annulized ROE % for the quarter that ended in Mar. 2020 is

ROE %**(Q: Mar. 2020 )
=Net Income/Total Stockholders Equity
=-44.898/228.7415
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-44.898 / 57.93)*(57.93 / 423.42)*(423.42/ 228.7415)
=Net Margin %*Asset Turnover*Equity Multiplier
=-77.5 %*0.1368*1.8511
=ROA %*Equity Multiplier
=-10.60 %*1.8511
=-19.63 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2020) net income data. The Revenue data used here is two times the semi-annual (Mar. 2020) 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:

Siddharth Education Services's annulized ROA % for the quarter that ended in Mar. 2020 is

ROA %(Q: Mar. 2020 )
=Net Income/Total Assets
=-44.898/423.42
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-44.898 / 57.93)*(57.93 / 423.42)
=Net Margin %*Asset Turnover
=-77.5 %*0.1368
=-10.60 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2020) net income data. The Revenue data used here is two times the semi-annual (Mar. 2020) 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.


Siddharth Education Services Asset Turnover Related Terms

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Siddharth Education Services (BOM:540736) Business Description

Traded in Other Exchanges
N/A
Address
101, First Floor, Chirag Arcade, E. R. ROAD, Behind Nagrik Stores, Near Ashok Cinema, Thane, MH, IND, 400 601
Siddharth Education Services Ltd is engaged in providing tutorial coaching services for students of professional courses. The company offers tutorial services to C.S., C.A., and C.M.A under the brand name of Siddharth Academy. It is also engaged in the farming business. The company generates its revenue from Education Fees, Farming Activities, and Online Education Service.

Siddharth Education Services (BOM:540736) Headlines

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