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Moxsh Overseas Educon (NSE:MOXSH) Asset Turnover : 0.49 (As of Sep. 2023)


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What is Moxsh Overseas Educon Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Moxsh Overseas Educon's Revenue for the six months ended in Sep. 2023 was ₹78.6 Mil. Moxsh Overseas Educon's Total Assets for the quarter that ended in Sep. 2023 was ₹160.3 Mil. Therefore, Moxsh Overseas Educon's Asset Turnover for the quarter that ended in Sep. 2023 was 0.49.

Asset Turnover is linked to ROE % through Du Pont Formula. Moxsh Overseas Educon's annualized ROE % for the quarter that ended in Sep. 2023 was 2.97%. It is also linked to ROA % through Du Pont Formula. Moxsh Overseas Educon's annualized ROA % for the quarter that ended in Sep. 2023 was 2.31%.


Moxsh Overseas Educon Asset Turnover Historical Data

The historical data trend for Moxsh Overseas Educon'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.

Moxsh Overseas Educon Asset Turnover Chart

Moxsh Overseas Educon Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Asset Turnover
6.54 2.87 3.19 1.20

Moxsh Overseas Educon Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23
Asset Turnover Get a 7-Day Free Trial - - 1.08 0.45 0.49

Competitive Comparison of Moxsh Overseas Educon's Asset Turnover

For the Education & Training Services subindustry, Moxsh Overseas Educon'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.


Moxsh Overseas Educon's Asset Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Moxsh Overseas Educon's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Moxsh Overseas Educon's Asset Turnover falls into.



Moxsh Overseas Educon Asset Turnover Calculation

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

Moxsh Overseas Educon'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 )
=124.303/( (48.715+159.249)/ 2 )
=124.303/103.982
=1.20

Moxsh Overseas Educon's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=78.562/( (159.249+161.428)/ 2 )
=78.562/160.3385
=0.49

* 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.


Moxsh Overseas Educon  (NSE:MOXSH) Asset Turnover Explanation

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

Moxsh Overseas Educon's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=3.706/124.9735
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3.706 / 157.124)*(157.124 / 160.3385)*(160.3385/ 124.9735)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.36 %*0.98*1.283
=ROA %*Equity Multiplier
=2.31 %*1.283
=2.97 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 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:

Moxsh Overseas Educon's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=3.706/160.3385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3.706 / 157.124)*(157.124 / 160.3385)
=Net Margin %*Asset Turnover
=2.36 %*0.98
=2.31 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.


Moxsh Overseas Educon Asset Turnover Related Terms

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Moxsh Overseas Educon (NSE:MOXSH) Business Description

Traded in Other Exchanges
N/A
Address
Hasumal Tandel Marg, 159/160, Kaliandas Udhyog Bhavan, Century Bazar, Prabhadevi, Mumbai, MH, IND, 400025
Moxsh Overseas Educon Ltd is an Edu-Medi Tech company engaged in the business of offering diverse and cohesive learning solutions, counselling and mobility services to students aspiring to pursue medical studies (MBBS) in India or abroad under its brand MOKSH. It also provides advisory to students for their medical career planning and execution. The company is a digitally native, technology led business, providing online learning program (test preparation) for medical entrance examinations, NEET-UG and for medicos (i.e. medical aspirants or graduates of a medical school) to appear for medical licensing examination, such as USMLE, PLAB, DHA, NeXT, FMGE etc, under its brand MOKSH Academy.

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