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Multi Commodity Exchange of India (NSE:MCX) Asset Turnover : 0.07 (As of Dec. 2024)


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What is Multi Commodity Exchange of India Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Multi Commodity Exchange of India's Revenue for the three months ended in Dec. 2024 was ₹3,014 Mil. Multi Commodity Exchange of India's Total Assets for the quarter that ended in Dec. 2024 was ₹44,066 Mil. Therefore, Multi Commodity Exchange of India's Asset Turnover for the quarter that ended in Dec. 2024 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Multi Commodity Exchange of India's annualized ROE % for the quarter that ended in Dec. 2024 was 40.40%. It is also linked to ROA % through Du Pont Formula. Multi Commodity Exchange of India's annualized ROA % for the quarter that ended in Dec. 2024 was 14.53%.


Multi Commodity Exchange of India Asset Turnover Historical Data

The historical data trend for Multi Commodity Exchange of India'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.

Multi Commodity Exchange of India Asset Turnover Chart

Multi Commodity Exchange of India 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 0.16 0.13 0.12 0.15 0.18

Multi Commodity Exchange of India Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.04 0.02 0.07 0.07 0.07

Competitive Comparison of Multi Commodity Exchange of India's Asset Turnover

For the Financial Data & Stock Exchanges subindustry, Multi Commodity Exchange of India'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.


Multi Commodity Exchange of India's Asset Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Multi Commodity Exchange of India's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Multi Commodity Exchange of India's Asset Turnover falls into.


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Multi Commodity Exchange of India Asset Turnover Calculation

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

Multi Commodity Exchange of India'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 )
=5835.4/( (30227.5+34087.9)/ 2 )
=5835.4/32157.7
=0.18

Multi Commodity Exchange of India's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=3013.8/( (44065.6+0)/ 1 )
=3013.8/44065.6
=0.07

* 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.


Multi Commodity Exchange of India  (NSE:MCX) Asset Turnover Explanation

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

Multi Commodity Exchange of India's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=6401.6/15846.4
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6401.6 / 12055.2)*(12055.2 / 44065.6)*(44065.6/ 15846.4)
=Net Margin %*Asset Turnover*Equity Multiplier
=53.1 %*0.2736*2.7808
=ROA %*Equity Multiplier
=14.53 %*2.7808
=40.40 %

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

Multi Commodity Exchange of India's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=6401.6/44065.6
=(Net Income / Revenue)*(Revenue / Total Assets)
=(6401.6 / 12055.2)*(12055.2 / 44065.6)
=Net Margin %*Asset Turnover
=53.1 %*0.2736
=14.53 %

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


Multi Commodity Exchange of India Asset Turnover Related Terms

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Multi Commodity Exchange of India Business Description

Traded in Other Exchanges
Address
Suren Road, Exchange Square, Chakala, Andheri (East), Mumbai, MH, IND, 400093
Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments and other miscellaneous income.

Multi Commodity Exchange of India Headlines

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