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Pyramid Technoplast (BOM:543969) Asset Turnover : 0.41 (As of Sep. 2024)


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What is Pyramid Technoplast Asset Turnover?

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 three months ended in Sep. 2024 was ₹1,331 Mil. Pyramid Technoplast's Total Assets for the quarter that ended in Sep. 2024 was ₹3,283 Mil. Therefore, Pyramid Technoplast's Asset Turnover for the quarter that ended in Sep. 2024 was 0.41.

Asset Turnover is linked to ROE % through Du Pont Formula. Pyramid Technoplast's annualized ROE % for the quarter that ended in Sep. 2024 was 9.69%. It is also linked to ROA % through Du Pont Formula. Pyramid Technoplast's annualized ROA % for the quarter that ended in Sep. 2024 was 6.95%.


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.

* Premium members only.

Pyramid Technoplast Asset Turnover Chart

Pyramid Technoplast Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
2.07 2.25 2.38 2.34 2.01

Pyramid Technoplast Quarterly Data
Mar20 Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.45 0.44 0.44 0.41

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=5324.226/( (2257.814+3033.201)/ 2 )
=5324.226/2645.5075
=2.01

Pyramid Technoplast'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: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=1331.404/( (0+3282.869)/ 1 )
=1331.404/3282.869
=0.41

* 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.


Pyramid Technoplast  (BOM:543969) Asset Turnover Explanation

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

Pyramid Technoplast's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=228.224/2355.149
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(228.224 / 5325.616)*(5325.616 / 3282.869)*(3282.869/ 2355.149)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.29 %*1.6222*1.3939
=ROA %*Equity Multiplier
=6.95 %*1.3939
=9.69 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (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:

Pyramid Technoplast's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=228.224/3282.869
=(Net Income / Revenue)*(Revenue / Total Assets)
=(228.224 / 5325.616)*(5325.616 / 3282.869)
=Net Margin %*Asset Turnover
=4.29 %*1.6222
=6.95 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Pyramid Technoplast Asset Turnover Related Terms

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Pyramid Technoplast Business Description

Traded in Other Exchanges
Address
Rani Sati Marg, Office No. 2, Second Floor, Shah Trade Center, Near W.E. Highway, Malad East, Mumbai, MH, IND, 400 067
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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