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DC Infotech And Communication (NSE:DCI) Asset Turnover : 0.61 (As of Dec. 2023)


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What is DC Infotech And Communication Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. DC Infotech And Communication's Revenue for the three months ended in Dec. 2023 was ₹1,019 Mil. DC Infotech And Communication's Total Assets for the quarter that ended in Dec. 2023 was ₹1,678 Mil. Therefore, DC Infotech And Communication's Asset Turnover for the quarter that ended in Dec. 2023 was 0.61.

Asset Turnover is linked to ROE % through Du Pont Formula. DC Infotech And Communication's annualized ROE % for the quarter that ended in Dec. 2023 was 24.91%. It is also linked to ROA % through Du Pont Formula. DC Infotech And Communication's annualized ROA % for the quarter that ended in Dec. 2023 was 5.16%.


DC Infotech And Communication Asset Turnover Historical Data

The historical data trend for DC Infotech And Communication'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.

DC Infotech And Communication Asset Turnover Chart

DC Infotech And Communication Annual Data
Trend Mar17 Mar18 Feb19 Mar20 Mar21 Mar22 Mar23
Asset Turnover
Get a 7-Day Free Trial - 2.59 2.36 2.67 2.98

DC Infotech And Communication Quarterly Data
Mar17 Mar18 Mar19 Jun19 Mar20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.68 0.69 0.66 0.66 0.61

Competitive Comparison of DC Infotech And Communication's Asset Turnover

For the Electronics & Computer Distribution subindustry, DC Infotech And Communication'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.


DC Infotech And Communication's Asset Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, DC Infotech And Communication's Asset Turnover distribution charts can be found below:

* The bar in red indicates where DC Infotech And Communication's Asset Turnover falls into.



DC Infotech And Communication Asset Turnover Calculation

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

DC Infotech And Communication's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=3596.251/( (1017.071+1400.163)/ 2 )
=3596.251/1208.617
=2.98

DC Infotech And Communication's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1019.432/( (1677.927+0)/ 1 )
=1019.432/1677.927
=0.61

* 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.


DC Infotech And Communication  (NSE:DCI) Asset Turnover Explanation

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

DC Infotech And Communication's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=86.624/347.679
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(86.624 / 4077.728)*(4077.728 / 1677.927)*(1677.927/ 347.679)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.12 %*2.4302*4.8261
=ROA %*Equity Multiplier
=5.16 %*4.8261
=24.91 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

DC Infotech And Communication's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=86.624/1677.927
=(Net Income / Revenue)*(Revenue / Total Assets)
=(86.624 / 4077.728)*(4077.728 / 1677.927)
=Net Margin %*Asset Turnover
=2.12 %*2.4302
=5.16 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


DC Infotech And Communication Asset Turnover Related Terms

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DC Infotech And Communication (NSE:DCI) Business Description

Traded in Other Exchanges
Address
Mogra Road, Unit No. 2, Aristocrate, Ground Floor, Lajya Compound, Andheri (East), Mumbai, MH, IND, 400069
DC Infotech And Communication Ltd is an IT Solution distribution company. The company has two operating segments; Products, and Security Software and services covering products like cabinets, motherboards, networking, security, surveillance, wireless, broadband, digital signage, firewalls, desktop virtualization, power solutions, and other solutions like network performance, digital performance, cloud security, enterprise security solutions, and other services pertaining to IT networking, security, and unified communication solutions.

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