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Mukka Proteins (BOM:544135) Asset Turnover : 0.33 (As of Dec. 2024)


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What is Mukka Proteins Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Mukka Proteins's Revenue for the three months ended in Dec. 2024 was ₹2,962 Mil. Mukka Proteins's Total Assets for the quarter that ended in Dec. 2024 was ₹9,044 Mil. Therefore, Mukka Proteins's Asset Turnover for the quarter that ended in Dec. 2024 was 0.33.

Asset Turnover is linked to ROE % through Du Pont Formula. Mukka Proteins's annualized ROE % for the quarter that ended in Dec. 2024 was 26.33%. It is also linked to ROA % through Du Pont Formula. Mukka Proteins's annualized ROA % for the quarter that ended in Dec. 2024 was 11.61%.


Mukka Proteins Asset Turnover Historical Data

The historical data trend for Mukka Proteins'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.

Mukka Proteins Asset Turnover Chart

Mukka Proteins Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial 2.15 1.83 2.05 2.39 1.77

Mukka Proteins Quarterly Data
Mar19 Mar20 Mar21 Sep21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.27 0.18 0.16 0.33

Competitive Comparison of Mukka Proteins's Asset Turnover

For the Packaged Foods subindustry, Mukka Proteins'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.


Mukka Proteins's Asset Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mukka Proteins's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Mukka Proteins's Asset Turnover falls into.


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Mukka Proteins Asset Turnover Calculation

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

Mukka Proteins'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 )
=13421.06/( (5751.64+9407.94)/ 2 )
=13421.06/7579.79
=1.77

Mukka Proteins's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=2962.04/( (9044.16+0)/ 1 )
=2962.04/9044.16
=0.33

* 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.


Mukka Proteins  (BOM:544135) Asset Turnover Explanation

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

Mukka Proteins's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=1050.44/3988.86
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1050.44 / 11848.16)*(11848.16 / 9044.16)*(9044.16/ 3988.86)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.87 %*1.31*2.2674
=ROA %*Equity Multiplier
=11.61 %*2.2674
=26.33 %

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

Mukka Proteins's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=1050.44/9044.16
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1050.44 / 11848.16)*(11848.16 / 9044.16)
=Net Margin %*Asset Turnover
=8.87 %*1.31
=11.61 %

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


Mukka Proteins Asset Turnover Related Terms

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Mukka Proteins Business Description

Traded in Other Exchanges
Address
NG Road, Mukka Corporate House, Door No. 18-2-16/4, First Cross, Attavara, Dakshina Kannada, Mangaluru, KA, IND, 575001
Mukka Proteins Ltd is an animal protein company. The company manufactures and supplies fish meal, fish oil, and fish soluble paste which is an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broilers and layer), and pet food. Fish oil of the company also finds its application in pharmaceutical products (additionally, Omega-3 pills and related products derived from fish oil are gaining importance as high nutrient and healthy dietary supplements), soap manufacturing, leather tanneries & paint industries. The company sells its products domestically and also export them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan, and Vietnam.

Mukka Proteins Headlines

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