Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Nu Tek India's Revenue for the
three
months ended in Jun. 2017 was ₹111.1 Mil. Nu Tek India's Total Assets for the quarter that ended in Jun. 2017 was ₹6,777.5 Mil. Therefore, Nu Tek India's Asset Turnover for the quarter that ended in Jun. 2017 was 0.02.
Asset Turnover is linked to ROE % through Du Pont Formula. Nu Tek India's annualizedROE % for the quarter that ended in Jun. 2017 was 0.63%. It is also linked to ROA % through Du Pont Formula. Nu Tek India's annualizedROA % for the quarter that ended in Jun. 2017 was 0.57%.
Nu Tek India Asset Turnover Historical Data
The historical data trend for Nu Tek 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.
Competitive Comparison of Nu Tek India's Asset Turnover
For the Telecom Services subindustry, Nu Tek 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.
Nu Tek India's Asset Turnover Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Nu Tek India's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Nu Tek India's Asset Turnover falls into.
Nu Tek India Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Nu Tek India's Asset Turnover for the fiscal year that ended in Mar. 2017 is calculated as
* 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.
Nu Tek India (NSE:NUTEK) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Nu Tek India's annulizedROE % for the quarter that ended in Jun. 2017 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) 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:
Nu Tek India's annulizedROA % for the quarter that ended in Jun. 2017 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) 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.
Nu Tek India Asset Turnover Related Terms
Thank you for viewing the detailed overview of Nu Tek India's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Nu Tek India Ltd is an India based company. It is a telecom infrastructure services company providing solutions for wireless and fixed telecom networks. The business operates in various segments that include Turnkey Site Build, which provides site identification and designing, to installation of towers and other ancillary passive equipment; Active Equipment Implementations, which provide services like installation, commissioning and integration of active telecom equipment for wireless, wire-line and optical technologies; Technical Support Services, which provide services in high-end telecom engineering; and Operations and Maintenance; which provide maintenance services for passive telecom infrastructure.
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