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Hvax Technologies (NSE:HVAX) Asset Turnover : 1.48 (As of Mar. 2024)


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What is Hvax Technologies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hvax Technologies's Revenue for the six months ended in Mar. 2024 was ₹1,049.6 Mil. Hvax Technologies's Total Assets for the quarter that ended in Mar. 2024 was ₹709.6 Mil. Therefore, Hvax Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 1.48.

Asset Turnover is linked to ROE % through Du Pont Formula. Hvax Technologies's annualized ROE % for the quarter that ended in Mar. 2024 was 78.57%. It is also linked to ROA % through Du Pont Formula. Hvax Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was 26.47%.


Hvax Technologies Asset Turnover Historical Data

The historical data trend for Hvax Technologies'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.

Hvax Technologies Asset Turnover Chart

Hvax Technologies Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Asset Turnover
1.65 1.48 1.43 1.48

Hvax Technologies Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Asset Turnover 1.65 1.48 1.43 1.48

Competitive Comparison of Hvax Technologies's Asset Turnover

For the Industrial Distribution subindustry, Hvax Technologies'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.


Hvax Technologies's Asset Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hvax Technologies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Hvax Technologies's Asset Turnover falls into.



Hvax Technologies Asset Turnover Calculation

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

Hvax Technologies'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 )
=1049.603/( (782.559+636.632)/ 2 )
=1049.603/709.5955
=1.48

Hvax Technologies's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1049.603/( (782.559+636.632)/ 2 )
=1049.603/709.5955
=1.48

* 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.


Hvax Technologies  (NSE:HVAX) Asset Turnover Explanation

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

Hvax Technologies's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=187.814/239.03
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(187.814 / 2099.206)*(2099.206 / 709.5955)*(709.5955/ 239.03)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.95 %*2.9583*2.9686
=ROA %*Equity Multiplier
=26.47 %*2.9686
=78.57 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (Mar. 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:

Hvax Technologies's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=187.814/709.5955
=(Net Income / Revenue)*(Revenue / Total Assets)
=(187.814 / 2099.206)*(2099.206 / 709.5955)
=Net Margin %*Asset Turnover
=8.95 %*2.9583
=26.47 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (Mar. 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.


Hvax Technologies Asset Turnover Related Terms

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Hvax Technologies Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
I-Think Techno Campus, 601, 6th Floor, Lodha Supremus, Kanjurmarg (East), Mumbai, MH, IND, 400042
Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.

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