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Manoj Vaibhav Gems N Jewellers (NSE:MVGJL) Asset Turnover : 0.43 (As of Sep. 2024)


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What is Manoj Vaibhav Gems N Jewellers Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Manoj Vaibhav Gems N Jewellers's Revenue for the three months ended in Sep. 2024 was ₹6,422 Mil. Manoj Vaibhav Gems N Jewellers's Total Assets for the quarter that ended in Sep. 2024 was ₹14,865 Mil. Therefore, Manoj Vaibhav Gems N Jewellers's Asset Turnover for the quarter that ended in Sep. 2024 was 0.43.

Asset Turnover is linked to ROE % through Du Pont Formula. Manoj Vaibhav Gems N Jewellers's annualized ROE % for the quarter that ended in Sep. 2024 was 16.02%. It is also linked to ROA % through Du Pont Formula. Manoj Vaibhav Gems N Jewellers's annualized ROA % for the quarter that ended in Sep. 2024 was 7.18%.


Manoj Vaibhav Gems N Jewellers Asset Turnover Historical Data

The historical data trend for Manoj Vaibhav Gems N Jewellers'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.

Manoj Vaibhav Gems N Jewellers Asset Turnover Chart

Manoj Vaibhav Gems N Jewellers Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
1.56 1.77 1.99 2.05 1.74

Manoj Vaibhav Gems N Jewellers Quarterly Data
Mar20 Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.57 - 0.39 0.39 0.43

Competitive Comparison of Manoj Vaibhav Gems N Jewellers's Asset Turnover

For the Luxury Goods subindustry, Manoj Vaibhav Gems N Jewellers'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.


Manoj Vaibhav Gems N Jewellers's Asset Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Vaibhav Gems N Jewellers's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Manoj Vaibhav Gems N Jewellers's Asset Turnover falls into.



Manoj Vaibhav Gems N Jewellers Asset Turnover Calculation

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

Manoj Vaibhav Gems N Jewellers'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 )
=21496.73/( (10778.57+13992.86)/ 2 )
=21496.73/12385.715
=1.74

Manoj Vaibhav Gems N Jewellers's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=6422.27/( (0+14865.43)/ 1 )
=6422.27/14865.43
=0.43

* 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.


Manoj Vaibhav Gems N Jewellers  (NSE:MVGJL) Asset Turnover Explanation

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

Manoj Vaibhav Gems N Jewellers's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1066.88/6659.87
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1066.88 / 25689.08)*(25689.08 / 14865.43)*(14865.43/ 6659.87)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.15 %*1.7281*2.2321
=ROA %*Equity Multiplier
=7.18 %*2.2321
=16.02 %

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

Manoj Vaibhav Gems N Jewellers's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=1066.88/14865.43
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1066.88 / 25689.08)*(25689.08 / 14865.43)
=Net Margin %*Asset Turnover
=4.15 %*1.7281
=7.18 %

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


Manoj Vaibhav Gems N Jewellers Asset Turnover Related Terms

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Manoj Vaibhav Gems N Jewellers Business Description

Traded in Other Exchanges
Address
D. No:- 47-10-19, 2nd Lane, Dwarakanagar, Visakhapatnam, AP, IND, 530016
Manoj Vaibhav Gems N Jewellers Ltd is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur. It is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus also. The company positioned itself as a retailer focussed on Relationships, by Design where it focuses on offering designs, high quality, transparency and customer service to its customers.

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