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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Indo MIM's Revenue for the
six
months ended in Mar. 2026 was ₹41,411 Mil. Indo MIM's Total Assets for the quarter that ended in Mar. 2026 was ₹45,191 Mil. Therefore, Indo MIM's Asset Turnover for the quarter that ended in Mar. 2026 was 0.92.
Asset Turnover is linked to ROE % through Du Pont Formula. Indo MIM's annualizedROE % for the quarter that ended in Mar. 2026 was 42.52%. It is also linked to ROA % through Du Pont Formula. Indo MIM's annualizedROA % for the quarter that ended in Mar. 2026 was 23.61%.
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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:
Indo MIM's annulizedROA % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.
Indo MIM Asset Turnover Related Terms
Indo MIM Asset Turnover Historical Data
* Premium members only.
The historical data trend for Indo MIM'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.
Indo MIM Asset Turnover Chart
Indo MIM Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Asset Turnover
0.79
0.80
0.83
0.92
Indo MIM Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Asset Turnover
0.79
0.80
0.83
0.92
BOM:544837 vs ATI, CRS, MLI: Asset Turnover Comparison
For the Metal Fabrication subindustry, Indo MIM'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.
Indo MIM Asset Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Indo MIM's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Indo MIM's Asset Turnover falls into.
* 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.
Indo MIM (BOM:544837) has a Asset Turnover of 0.92 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Indo MIM and its competitors.
Is Indo MIM's Asset Turnover too high?
Indo MIM's current Asset Turnover is 0.92. Overall, Indo MIM has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Indo MIM's Asset Turnover compare to ATI and CRS?
Indo MIM's Asset Turnover of 0.92 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Industrial Products company?
A good Asset Turnover depends on the Industrial Products industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Indo MIM and its competitors. Indo MIM's current Asset Turnover is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo MIM stock overvalued right now?
Indo MIM (BOM:544837) has a current Asset Turnover of 0.92. The current Asset Turnover is 0.92. Indo MIM's overall GF Score™ is 17/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Indo MIM (BOM:544837), the current Asset Turnover is 0.92 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Indo MIM Ltd is engaged in the business of manufacturing and trading of precision engineered metal products using metal injection molding (MIM) technology. Its capabilities include mold designing and tooling, finishing, and assembly operations. It also uses investment casting, precision machining, ceramic injection molding, and metal 3D printing technologies. Its products serve the automotive, defense, medical, consumer, and aerospace sectors. The majority of the company's revenue is derived from the sale of its products outside India, by exporting to North America, Europe and South East Asia.
17GF Score
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