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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. Advance Technoforge's Revenue for the
six
months ended in Mar. 2026 was ₹499.6 Mil. Advance Technoforge's Total Assets for the quarter that ended in Mar. 2026 was ₹432.2 Mil. Therefore, Advance Technoforge's Asset Turnover for the quarter that ended in Mar. 2026 was 1.16.
Asset Turnover is linked to ROE % through Du Pont Formula. Advance Technoforge's annualizedROE % for the quarter that ended in Mar. 2026 was 69.61%. It is also linked to ROA % through Du Pont Formula. Advance Technoforge's annualizedROA % for the quarter that ended in Mar. 2026 was 18.78%.
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:
Advance Technoforge'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.
Advance Technoforge Asset Turnover Related Terms
Advance Technoforge Asset Turnover Historical Data
* Premium members only.
The historical data trend for Advance Technoforge'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.
Advance Technoforge Asset Turnover Chart
Advance Technoforge Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Asset Turnover
1.72
1.89
1.49
1.16
Advance Technoforge Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Asset Turnover
1.72
1.89
1.49
1.16
BOM:544843 vs ATI, CRS, MLI: Asset Turnover Comparison
For the Metal Fabrication subindustry, Advance Technoforge'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.
Advance Technoforge Asset Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Advance Technoforge's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Advance Technoforge'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.
Advance Technoforge (BOM:544843) has a Asset Turnover of 1.16 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Advance Technoforge and its competitors.
Is Advance Technoforge's Asset Turnover too high?
Advance Technoforge's current Asset Turnover is 1.16. Overall, Advance Technoforge has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Advance Technoforge's Asset Turnover compare to ATI and CRS?
Advance Technoforge's Asset Turnover of 1.16 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 Advance Technoforge and its competitors. Advance Technoforge's current Asset Turnover is 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Technoforge stock overvalued right now?
Advance Technoforge (BOM:544843) has a current Asset Turnover of 1.16. The current Asset Turnover is 1.16. Advance Technoforge's overall GF Score™ is 11/100 with 4 warning signs 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 Advance Technoforge (BOM:544843), the current Asset Turnover is 1.16 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.
Advance Technoforge Ltd is engaged in the manufacturing of forged steel machined components of Carbon Steel, Alloy Steel, and Stainless Steel, specializing in Closed Die Forging, Upset Forging and Ring Rolling Forging in both rough and precision machined conditions. The company supplies these products to automotive, General engineering, oil & gas, Earth Moving and heavy machinery industries. The majority of its revenue is derived from the sale of its products in India.
11GF Score
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