Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Pyramid Technoplast's Revenue for the
six
months ended in Mar. 2024 was ₹2,620 Mil. Pyramid Technoplast's Total Assets for the quarter that ended in Mar. 2024 was ₹2,942 Mil. Therefore, Pyramid Technoplast's Asset Turnover for the quarter that ended in Mar. 2024 was 0.89.
Asset Turnover is linked to ROE % through Du Pont Formula. Pyramid Technoplast's annualizedROE % for the quarter that ended in Mar. 2024 was 12.77%. It is also linked to ROA % through Du Pont Formula. Pyramid Technoplast's annualizedROA % for the quarter that ended in Mar. 2024 was 9.34%.
Pyramid Technoplast Asset Turnover Historical Data
The historical data trend for Pyramid Technoplast'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.
Competitive Comparison of Pyramid Technoplast's Asset Turnover
For the Packaging & Containers subindustry, Pyramid Technoplast'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.
Pyramid Technoplast's Asset Turnover Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Pyramid Technoplast's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Pyramid Technoplast's Asset Turnover falls into.
Pyramid Technoplast Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Pyramid Technoplast's Asset Turnover for the fiscal year that ended in Mar. 2024 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.
Note:
The Net Income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (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:
Pyramid Technoplast's annulizedROA % for the quarter that ended in Mar. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (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.
Pyramid Technoplast Asset Turnover Related Terms
Thank you for viewing the detailed overview of Pyramid Technoplast's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Pyramid Technoplast (BOM:543969) Business Description
Pyramid Technoplast Ltd is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000-litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. The company uses blow molding technology to manufacture Polymer Drums and IBCs.
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