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Organic Recycling Systems (BOM:543997) Asset Turnover : 0.10 (As of Mar. 2024)


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What is Organic Recycling Systems Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Organic Recycling Systems's Revenue for the six months ended in Mar. 2024 was ₹149.1 Mil. Organic Recycling Systems's Total Assets for the quarter that ended in Mar. 2024 was ₹1,529.5 Mil. Therefore, Organic Recycling Systems's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Organic Recycling Systems's annualized ROE % for the quarter that ended in Mar. 2024 was 14.47%. It is also linked to ROA % through Du Pont Formula. Organic Recycling Systems's annualized ROA % for the quarter that ended in Mar. 2024 was 7.52%.


Organic Recycling Systems Asset Turnover Historical Data

The historical data trend for Organic Recycling Systems'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.

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Organic Recycling Systems Asset Turnover Chart

Organic Recycling Systems Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
0.11 0.12 0.14 0.22 0.22

Organic Recycling Systems Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24
Asset Turnover Get a 7-Day Free Trial - - - 0.09 0.10

Competitive Comparison of Organic Recycling Systems's Asset Turnover

For the Waste Management subindustry, Organic Recycling Systems'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.


Organic Recycling Systems's Asset Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Organic Recycling Systems's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Organic Recycling Systems's Asset Turnover falls into.



Organic Recycling Systems Asset Turnover Calculation

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

Organic Recycling Systems'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 )
=274.873/( (1193.11+1350.438)/ 2 )
=274.873/1271.774
=0.22

Organic Recycling Systems's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=149.134/( (1708.506+1350.438)/ 2 )
=149.134/1529.472
=0.10

* 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.


Organic Recycling Systems  (BOM:543997) Asset Turnover Explanation

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

Organic Recycling Systems's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=115.084/795.402
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(115.084 / 298.268)*(298.268 / 1529.472)*(1529.472/ 795.402)
=Net Margin %*Asset Turnover*Equity Multiplier
=38.58 %*0.195*1.9229
=ROA %*Equity Multiplier
=7.52 %*1.9229
=14.47 %

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:

Organic Recycling Systems's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=115.084/1529.472
=(Net Income / Revenue)*(Revenue / Total Assets)
=(115.084 / 298.268)*(298.268 / 1529.472)
=Net Margin %*Asset Turnover
=38.58 %*0.195
=7.52 %

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.


Organic Recycling Systems Asset Turnover Related Terms

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Organic Recycling Systems (BOM:543997) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 9, Sector-17, Office No. 1003, 10th Floor, The Affaires, Sanpada, Navi Mumbai, MH, IND, 400705
Organic Recycling Systems Ltd is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India. It primarily focuses on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India's first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology. It has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.

Organic Recycling Systems (BOM:543997) Headlines

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