Black Box (NSE:BBOX) Asset Turnover: 0.39 (As of Mar. 2026)


NSE:BBOX Black Box Ltd NSE:BBOX
64 GF Score
Price ₹947.20
GF Value ₹504.76
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Black Box Asset Turnover?

Black Box NSE:BBOX +1.61% 64 Asset Turnover is 0.39 as of Mar. 2026. GuruFocus rates NSE:BBOX with a GF Score™ of 64/100 and a GF Value™ of ₹504.76 (Significantly Overvalued). The stock has 2 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. Black Box's Revenue for the three months ended in Mar. 2026 was ₹16,909 Mil. Black Box's Total Assets for the quarter that ended in Mar. 2026 was ₹42,937 Mil. Therefore, Black Box's Asset Turnover for the quarter that ended in Mar. 2026 was 0.39.

Asset Turnover is linked to ROE % through Du Pont Formula. Black Box's annualized ROE % for the quarter that ended in Mar. 2026 was 20.13%. It is also linked to ROA % through Du Pont Formula. Black Box's annualized ROA % for the quarter that ended in Mar. 2026 was 6.03%.


Black Box  (NSE:BBOX) Asset Turnover Explanation

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

Black Box's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2590.4/12869.1
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2590.4 / 67637.6)*(67637.6 / 42937)*(42937/ 12869.1)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.83 %*1.5753*3.3364
=ROA %*Equity Multiplier
=6.03 %*3.3364
=20.13 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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:

Black Box's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=2590.4/42937
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2590.4 / 67637.6)*(67637.6 / 42937)
=Net Margin %*Asset Turnover
=3.83 %*1.5753
=6.03 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.


Black Box Asset Turnover Related Terms


Black Box Asset Turnover Historical Data

* Premium members only.

The historical data trend for Black Box'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.

Black Box Asset Turnover Chart

Black Box Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 2.22 2.16 2.03 1.72

Black Box Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.45 0.45 0.47 0.39

NSE:BBOX vs UBER, SHOP, CRM: Asset Turnover Comparison

For the Software - Application subindustry, Black Box'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.


Black Box Asset Turnover vs Software Industry

For the Software industry and Technology sector, Black Box's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Black Box's Asset Turnover falls into.


NSE:BBOX
64GF Score
Black Box Ltd NSE:BBOX
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Box Asset Turnover Calculation

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

Black Box'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 )
=63218.5/( (30721.4+42937)/ 2 )
=63218.5/36829.2
=1.72

Black Box'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: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=16909.4/( (0+42937)/ 1 )
=16909.4/42937
=0.39

* 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 0.39 mean?
Black Box (NSE:BBOX) has a Asset Turnover of 0.39 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Black Box and its competitors.
Is Black Box's Asset Turnover too high?
Black Box's current Asset Turnover is 0.39. Overall, Black Box has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Box's Asset Turnover compare to UBER and SHOP?
Black Box's Asset Turnover of 0.39 can be compared against companies in the Software 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 a Software company?
A good Asset Turnover depends on the Software 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 Black Box and its competitors. Black Box's current Asset Turnover is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Box stock overvalued right now?
Based on GuruFocus' analysis, Black Box (NSE:BBOX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹504.76, compared to a current price of ₹947.20 — trading 87.7% above its estimated fair value. The current Asset Turnover is 0.39. Black Box's overall GF Score™ is 64/100 with 2 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 Black Box (NSE:BBOX), the current Asset Turnover is 0.39 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.

Is Black Box (NSE:BBOX) Overvalued in 2026?

Based on GuruFocus' analysis, Black Box stock appears to be overvalued. The current stock price of ₹947.20 is trading 87.7% above its estimated GF Value™ of ₹504.76. GuruFocus considers Black Box to be Significantly Overvalued.

Key valuation signals for NSE:BBOX:

  • Asset Turnover: 0.39
  • GF Value™: ₹504.76 vs. price of ₹947.20 (87.7% above fair value)
  • GF Score™: 64/100 with 2 warning signs

No single metric tells the full story. See the NSE:BBOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Black Box Business Description

Other Exchanges 500463:India
Address Building No. 9, Airoli Knowledge Park, 501, 5th Floor, MIDC Industrial Area, Airoli, Navi Mumbai, MH, IND, 400 708
Black Box Ltd along with its subsidiaries provides information, communications technology solutions provider, and an integrator that delivers technology-based solutions across world markets and verticals with a spectrum of applications and services. The company's operating segments are Global System Integration (GSI); Technology Product Solution (TPS) and Others comprising of training and consulting services. It generates maximum revenue from the System Integration (SI) segment. The company exports its product to the Middle East/Africa, North America, Australia, New Zealand, Singapore, and Europe. Its solution line consists of unified communications, network infrastructure, data center, cyber security (CYBER-i), and digital transformation and applications.
64GF Score

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

₹947.20
Price
₹504.76
GF Value