CMM Infraprojects (NSE:CMMIPL) Asset Turnover: 0.72 (As of Mar. 2018)


What is CMM Infraprojects Asset Turnover?

CMM Infraprojects NSE:CMMIPL Asset Turnover is 0.72 as of Mar. 2018.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. CMM Infraprojects's Revenue for the six months ended in Mar. 2018 was ₹940 Mil. CMM Infraprojects's Total Assets for the quarter that ended in Mar. 2018 was ₹1,303 Mil. Therefore, CMM Infraprojects's Asset Turnover for the quarter that ended in Mar. 2018 was 0.72.

Asset Turnover is linked to ROE % through Du Pont Formula. CMM Infraprojects's annualized ROE % for the quarter that ended in Mar. 2018 was 14.84%. It is also linked to ROA % through Du Pont Formula. CMM Infraprojects's annualized ROA % for the quarter that ended in Mar. 2018 was 5.01%.

CMM Infraprojects  (NSE:CMMIPL) Asset Turnover Explanation

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

CMM Infraprojects's annulized ROE % for the quarter that ended in Mar. 2018 is

ROE %**(Q: Mar. 2018 )
=Net Income/Total Stockholders Equity
=65.21/439.2915
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(65.21 / 1880.752)*(1880.752 / 1302.6115)*(1302.6115/ 439.2915)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.47 %*1.4438*2.9653
=ROA %*Equity Multiplier
=5.01 %*2.9653
=14.84 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2018) net income data. The Revenue data used here is two times the semi-annual (Mar. 2018) 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:

CMM Infraprojects's annulized ROA % for the quarter that ended in Mar. 2018 is

ROA %(Q: Mar. 2018 )
=Net Income/Total Assets
=65.21/1302.6115
=(Net Income / Revenue)*(Revenue / Total Assets)
=(65.21 / 1880.752)*(1880.752 / 1302.6115)
=Net Margin %*Asset Turnover
=3.47 %*1.4438
=5.01 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2018) net income data. The Revenue data used here is two times the semi-annual (Mar. 2018) 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.

CMM Infraprojects Asset Turnover Related Terms

CMM Infraprojects Asset Turnover Historical Data

* Premium members only.

The historical data trend for CMM Infraprojects'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.

CMM Infraprojects Asset Turnover Chart

CMM Infraprojects Annual Data
Trend Mar17 Mar18
Asset Turnover
1.90 1.89

CMM Infraprojects Semi-Annual Data
Mar17 Sep17 Mar18
Asset Turnover 0.00 1.23 0.72

CMM Infraprojects Asset Turnover Competitor Comparison

For the Engineering & Construction subindustry, CMM Infraprojects'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.

CMM Infraprojects Asset Turnover vs Construction Industry

For the Construction industry and Industrials sector, CMM Infraprojects's Asset Turnover distribution charts can be found below:

* The bar in red indicates where CMM Infraprojects's Asset Turnover falls into.


CMM Infraprojects Asset Turnover Calculation

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

CMM Infraprojects's Asset Turnover for the fiscal year that ended in Mar. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2018 )/( (Total Assets (A: Mar. 2017 )+Total Assets (A: Mar. 2018 ))/ count )
=2332.852/( (1063.111+1401.337)/ 2 )
=2332.852/1232.224
=1.89

CMM Infraprojects's Asset Turnover for the quarter that ended in Mar. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2018 )/( (Total Assets (Q: Sep. 2017 )+Total Assets (Q: Mar. 2018 ))/ count )
=940.376/( (1203.886+1401.337)/ 2 )
=940.376/1302.6115
=0.72

* 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 0.72 mean?
CMM Infraprojects (NSE:CMMIPL) has a Asset Turnover of 0.72 as of Mar. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on CMM Infraprojects and its competitors.
Is CMM Infraprojects' Asset Turnover too high?
CMM Infraprojects' current Asset Turnover is 0.72.
How does CMM Infraprojects' Asset Turnover compare to competitors?
CMM Infraprojects' Asset Turnover of 0.72 can be compared against companies in the Construction 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 Construction company?
A good Asset Turnover depends on the Construction 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 CMM Infraprojects and its competitors. CMM Infraprojects's current Asset Turnover is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMM Infraprojects stock overvalued right now?
CMM Infraprojects (NSE:CMMIPL) has a current Asset Turnover of 0.72. The current Asset Turnover is 0.72. 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 CMM Infraprojects (NSE:CMMIPL), the current Asset Turnover is 0.72 as of Mar. 2018. 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.

CMM Infraprojects Business Description

Address 108, Shalimar Corporate Centre, 8-B South Tukoganj, Indore, MP, IND, 452001
CMM Infraprojects Ltd is engaged in civil engineering activities. It is an engineering and construction contractor in the fields of constructing public housing, commercial complexes, public parks, corporate & IT offices, sewerage & irrigation projects and highways. It has construction projects across the nation.