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Mish Designs (BOM:544015) Asset Turnover : 0.38 (As of Sep. 2024)


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What is Mish Designs Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Mish Designs's Revenue for the six months ended in Sep. 2024 was ₹61.0 Mil. Mish Designs's Total Assets for the quarter that ended in Sep. 2024 was ₹160.0 Mil. Therefore, Mish Designs's Asset Turnover for the quarter that ended in Sep. 2024 was 0.38.

Asset Turnover is linked to ROE % through Du Pont Formula. Mish Designs's annualized ROE % for the quarter that ended in Sep. 2024 was 3.93%. It is also linked to ROA % through Du Pont Formula. Mish Designs's annualized ROA % for the quarter that ended in Sep. 2024 was 3.23%.


Mish Designs Asset Turnover Historical Data

The historical data trend for Mish Designs'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.

Mish Designs Asset Turnover Chart

Mish Designs Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Asset Turnover
1.66 2.16 1.96 1.23

Mish Designs Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Asset Turnover Get a 7-Day Free Trial - - 0.60 0.62 0.38

Competitive Comparison of Mish Designs's Asset Turnover

For the Apparel Manufacturing subindustry, Mish Designs'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.


Mish Designs's Asset Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mish Designs's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Mish Designs's Asset Turnover falls into.



Mish Designs Asset Turnover Calculation

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

Mish Designs'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 )
=131.534/( (71.094+142.23)/ 2 )
=131.534/106.662
=1.23

Mish Designs'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 )
=61.045/( (142.23+177.683)/ 2 )
=61.045/159.9565
=0.38

* 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.


Mish Designs  (BOM:544015) Asset Turnover Explanation

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

Mish Designs's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=5.17/131.5145
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.17 / 122.09)*(122.09 / 159.9565)*(159.9565/ 131.5145)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.23 %*0.7633*1.2163
=ROA %*Equity Multiplier
=3.23 %*1.2163
=3.93 %

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:

Mish Designs's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=5.17/159.9565
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.17 / 122.09)*(122.09 / 159.9565)
=Net Margin %*Asset Turnover
=4.23 %*0.7633
=3.23 %

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.


Mish Designs Asset Turnover Related Terms

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Mish Designs Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Hattibaug Love Lane, Gala No. 4, Gulati Industries, Mazgaon, Mumbai, MH, IND, 400010
Mish Designs Ltd is engaged in the process of fabrication of fabric into garments under the brand name MISH, CURVES BY MISH in India. It exports its product currently to the UAE under the brand name ZOEY. It offers a collection of over 1000 trending designs to cater to the diverse tastes of its customers. The company offers various products in the Women's wear segment such as Dresses, Gowns, Tops, Co-Ords, T-shirts, Trousers, and Palazzos.

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