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Bhagiradha Chemicals & Industries (NSE:BHAGCHEM) Asset Turnover : 0.12 (As of Sep. 2024)


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What is Bhagiradha Chemicals & Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bhagiradha Chemicals & Industries's Revenue for the three months ended in Sep. 2024 was ₹1,037 Mil. Bhagiradha Chemicals & Industries's Total Assets for the quarter that ended in Sep. 2024 was ₹8,334 Mil. Therefore, Bhagiradha Chemicals & Industries's Asset Turnover for the quarter that ended in Sep. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Bhagiradha Chemicals & Industries's annualized ROE % for the quarter that ended in Sep. 2024 was 3.47%. It is also linked to ROA % through Du Pont Formula. Bhagiradha Chemicals & Industries's annualized ROA % for the quarter that ended in Sep. 2024 was 2.61%.


Bhagiradha Chemicals & Industries Asset Turnover Historical Data

The historical data trend for Bhagiradha Chemicals & Industries'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.

Bhagiradha Chemicals & Industries Asset Turnover Chart

Bhagiradha Chemicals & Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 1.27 1.41 1.27 0.80

Bhagiradha Chemicals & Industries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.26 0.16 0.19 0.19 0.12

Competitive Comparison of Bhagiradha Chemicals & Industries's Asset Turnover

For the Agricultural Inputs subindustry, Bhagiradha Chemicals & Industries'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.


Bhagiradha Chemicals & Industries's Asset Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Bhagiradha Chemicals & Industries's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bhagiradha Chemicals & Industries's Asset Turnover falls into.



Bhagiradha Chemicals & Industries Asset Turnover Calculation

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

Bhagiradha Chemicals & Industries'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 )
=4074.986/( (4469.141+5760.44)/ 2 )
=4074.986/5114.7905
=0.80

Bhagiradha Chemicals & Industries's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=1037.28/( (0+8333.574)/ 1 )
=1037.28/8333.574
=0.12

* 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.


Bhagiradha Chemicals & Industries  (NSE:BHAGCHEM) Asset Turnover Explanation

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

Bhagiradha Chemicals & Industries's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=217.636/6270.063
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(217.636 / 4149.12)*(4149.12 / 8333.574)*(8333.574/ 6270.063)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.25 %*0.4979*1.3291
=ROA %*Equity Multiplier
=2.61 %*1.3291
=3.47 %

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

Bhagiradha Chemicals & Industries's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=217.636/8333.574
=(Net Income / Revenue)*(Revenue / Total Assets)
=(217.636 / 4149.12)*(4149.12 / 8333.574)
=Net Margin %*Asset Turnover
=5.25 %*0.4979
=2.61 %

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


Bhagiradha Chemicals & Industries Asset Turnover Related Terms

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Bhagiradha Chemicals & Industries Business Description

Traded in Other Exchanges
Address
Road Number 2, 8-2-269/S/3/A, Plot Number 3, Sagar Society, Banjara Hills, Hyderabad, TG, IND, 500 034
Bhagiradha Chemicals & Industries Ltd is an India-based company engaged in manufacturing agrochemical products. The company operates only in one business segment viz. manufacturing and sales of crop protection chemicals. The company manufactures insecticides, herbicides, fungicides, plant growth regulators as well as intermediates. Its Insecticides include Chlorpyrifos, Chlopyrifos-methyl, Buprofezin, and others. Fungicide includes Azoxystrobin whereas Herbicide consists of Imazethapyr, Clodinafop-propargyl, Cloquintocet-mexyl. The company sells its products in India and the international market.

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