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Suyog Gurbaxani Funicular Ropeways (BOM:543391) Asset Turnover : 0.19 (As of Sep. 2024)


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What is Suyog Gurbaxani Funicular Ropeways Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Suyog Gurbaxani Funicular Ropeways's Revenue for the six months ended in Sep. 2024 was ₹228.1 Mil. Suyog Gurbaxani Funicular Ropeways's Total Assets for the quarter that ended in Sep. 2024 was ₹1,205.9 Mil. Therefore, Suyog Gurbaxani Funicular Ropeways's Asset Turnover for the quarter that ended in Sep. 2024 was 0.19.

Asset Turnover is linked to ROE % through Du Pont Formula. Suyog Gurbaxani Funicular Ropeways's annualized ROE % for the quarter that ended in Sep. 2024 was 0.42%. It is also linked to ROA % through Du Pont Formula. Suyog Gurbaxani Funicular Ropeways's annualized ROA % for the quarter that ended in Sep. 2024 was 0.05%.


Suyog Gurbaxani Funicular Ropeways Asset Turnover Historical Data

The historical data trend for Suyog Gurbaxani Funicular Ropeways'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.

Suyog Gurbaxani Funicular Ropeways Asset Turnover Chart

Suyog Gurbaxani Funicular Ropeways Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial 0.14 0.05 0.10 0.18 0.54

Suyog Gurbaxani Funicular Ropeways Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only 0.08 0.12 0.11 0.50 0.19

Competitive Comparison of Suyog Gurbaxani Funicular Ropeways's Asset Turnover

For the Travel Services subindustry, Suyog Gurbaxani Funicular Ropeways'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.


Suyog Gurbaxani Funicular Ropeways's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Suyog Gurbaxani Funicular Ropeways's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Suyog Gurbaxani Funicular Ropeways's Asset Turnover falls into.


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Suyog Gurbaxani Funicular Ropeways Asset Turnover Calculation

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

Suyog Gurbaxani Funicular Ropeways'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 )
=631.189/( (1160.554+1160.554)/ 2 )
=631.189/1160.554
=0.54

Suyog Gurbaxani Funicular Ropeways's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=228.105/( (1160.554+1251.269)/ 2 )
=228.105/1205.9115
=0.19

* 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.


Suyog Gurbaxani Funicular Ropeways  (BOM:543391) Asset Turnover Explanation

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

Suyog Gurbaxani Funicular Ropeways's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=0.656/157.928
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.656 / 456.21)*(456.21 / 1205.9115)*(1205.9115/ 157.928)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.14 %*0.3783*7.6358
=ROA %*Equity Multiplier
=0.05 %*7.6358
=0.42 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (Sep. 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:

Suyog Gurbaxani Funicular Ropeways's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=0.656/1205.9115
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.656 / 456.21)*(456.21 / 1205.9115)
=Net Margin %*Asset Turnover
=0.14 %*0.3783
=0.05 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.


Suyog Gurbaxani Funicular Ropeways Asset Turnover Related Terms

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Suyog Gurbaxani Funicular Ropeways Business Description

Traded in Other Exchanges
N/A
Address
LBS Marg, 18, Suyog Industrial Estate, 1st Floor, Vikhroli (West), Mumbai, MH, IND, 400083
Suyog Gurbaxani Funicular Ropeways Ltd is an infrastructure development and construction company engaged in building and operating the Funicular Ropeways Systems. The company has carried on the business of the work to design, engineer, procure, finance, construct, operate, and maintain Funicular Ropeway on a Build, Operate & Transfer (BOT) basis at Saptashrungi Gad, Vani, Kalwan, Nashik, and to charge and collect the toll fees.

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