BAG Convergence (NSE:BAGDIGITAL) Asset Turnover: 0.29 (As of Mar. 2026)


NSE:BAGDIGITAL BAG Convergence Ltd NSE:BAGDIGITAL
21 GF Score
Price ₹109.00
! 4 Warning Signs
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What is BAG Convergence Asset Turnover?

BAG Convergence NSE:BAGDIGITAL +2.83% 21 Asset Turnover is 0.29 as of Mar. 2026. GuruFocus rates NSE:BAGDIGITAL with a GF Score™ of 21/100. The stock has 4 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. BAG Convergence's Revenue for the six months ended in Mar. 2026 was ₹213.4 Mil. BAG Convergence's Total Assets for the quarter that ended in Mar. 2026 was ₹731.3 Mil. Therefore, BAG Convergence's Asset Turnover for the quarter that ended in Mar. 2026 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. BAG Convergence's annualized ROE % for the quarter that ended in Mar. 2026 was 19.12%. It is also linked to ROA % through Du Pont Formula. BAG Convergence's annualized ROA % for the quarter that ended in Mar. 2026 was 12.96%.

BAG Convergence  (NSE:BAGDIGITAL) Asset Turnover Explanation

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

BAG Convergence's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=94.786/495.714
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(94.786 / 426.85)*(426.85 / 731.25)*(731.25/ 495.714)
=Net Margin %*Asset Turnover*Equity Multiplier
=22.21 %*0.5837*1.4751
=ROA %*Equity Multiplier
=12.96 %*1.4751
=19.12 %

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:

BAG Convergence's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=94.786/731.25
=(Net Income / Revenue)*(Revenue / Total Assets)
=(94.786 / 426.85)*(426.85 / 731.25)
=Net Margin %*Asset Turnover
=22.21 %*0.5837
=12.96 %

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.

BAG Convergence Asset Turnover Related Terms

BAG Convergence Asset Turnover Historical Data

* Premium members only.

The historical data trend for BAG Convergence'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.

BAG Convergence Asset Turnover Chart

BAG Convergence Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Asset Turnover
2.14 2.00 1.15 0.59

BAG Convergence Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
Asset Turnover 0.00 0.00 0.70 0.29

NSE:BAGDIGITAL vs GOOGL, META, SPOT: Asset Turnover Comparison

For the Internet Content & Information subindustry, BAG Convergence'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.

BAG Convergence Asset Turnover vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, BAG Convergence's Asset Turnover distribution charts can be found below:

* The bar in red indicates where BAG Convergence's Asset Turnover falls into.


NSE:BAGDIGITAL
21GF Score
BAG Convergence Ltd NSE:BAGDIGITAL
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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BAG Convergence Asset Turnover Calculation

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

BAG Convergence's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=432.061/( (438.422+1024.078)/ 2 )
=432.061/731.25
=0.59

BAG Convergence's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Mar. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=213.425/( (438.422+1024.078)/ 2 )
=213.425/731.25
=0.29

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.29 mean?
BAG Convergence (NSE:BAGDIGITAL) has a Asset Turnover of 0.29 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on BAG Convergence and its competitors.
Is BAG Convergence's Asset Turnover too high?
BAG Convergence's current Asset Turnover is 0.29. Overall, BAG Convergence has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does BAG Convergence's Asset Turnover compare to GOOGL and META?
BAG Convergence's Asset Turnover of 0.29 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Asset Turnover depends on the Interactive Media 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 BAG Convergence and its competitors. BAG Convergence's current Asset Turnover is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BAG Convergence stock overvalued right now?
BAG Convergence (NSE:BAGDIGITAL) has a current Asset Turnover of 0.29. The current Asset Turnover is 0.29. BAG Convergence's overall GF Score™ is 21/100 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 BAG Convergence (NSE:BAGDIGITAL), the current Asset Turnover is 0.29 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.

BAG Convergence Business Description

Address FC-23, Sector 16A, Film City, Sector 16A, Noida, UP, IND, 201301
BAG Convergence Ltd is engaged in the business of convergence of traditional media to digital media and renders technical assistance to TV channels, along with services related to website maintenance. The company is involved in content creation on digital platforms across News, Entertainment, Sports, Religious, and other segments, operating through websites, social media platforms including YouTube, Facebook, Instagram, and X, as well as Connected TV on Samsung Plus, LG, Xiaomi, and Waves-Prasar Bharti. Its clients include News24 Hindi, News24 English, E24, ISOMES, and BAG.
21GF Score

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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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