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Sungarner Energies (NSE:SEL) Asset Turnover : 1.24 (As of Mar. 2024)


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What is Sungarner Energies Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sungarner Energies's Revenue for the six months ended in Mar. 2024 was ₹176.9 Mil. Sungarner Energies's Total Assets for the quarter that ended in Mar. 2024 was ₹143.3 Mil. Therefore, Sungarner Energies's Asset Turnover for the quarter that ended in Mar. 2024 was 1.24.

Asset Turnover is linked to ROE % through Du Pont Formula. Sungarner Energies's annualized ROE % for the quarter that ended in Mar. 2024 was 33.55%. It is also linked to ROA % through Du Pont Formula. Sungarner Energies's annualized ROA % for the quarter that ended in Mar. 2024 was 14.97%.


Sungarner Energies Asset Turnover Historical Data

The historical data trend for Sungarner Energies'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.

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Sungarner Energies Asset Turnover Chart

Sungarner Energies Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
1.37 1.26 1.46 2.21 1.24

Sungarner Energies Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover 1.37 1.26 1.46 2.21 1.24

Competitive Comparison of Sungarner Energies's Asset Turnover

For the Electrical Equipment & Parts subindustry, Sungarner Energies'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.


Sungarner Energies's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sungarner Energies's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sungarner Energies's Asset Turnover falls into.



Sungarner Energies Asset Turnover Calculation

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

Sungarner Energies'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 )
=176.892/( (101.467+185.086)/ 2 )
=176.892/143.2765
=1.23

Sungarner Energies'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 )
=176.892/( (101.467+185.086)/ 2 )
=176.892/143.2765
=1.23

* 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.


Sungarner Energies  (NSE:SEL) Asset Turnover Explanation

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

Sungarner Energies's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=21.45/63.9335
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.45 / 353.784)*(353.784 / 143.2765)*(143.2765/ 63.9335)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.06 %*2.4692*2.241
=ROA %*Equity Multiplier
=14.97 %*2.241
=33.55 %

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:

Sungarner Energies's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=21.45/143.2765
=(Net Income / Revenue)*(Revenue / Total Assets)
=(21.45 / 353.784)*(353.784 / 143.2765)
=Net Margin %*Asset Turnover
=6.06 %*2.4692
=14.97 %

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.


Sungarner Energies Asset Turnover Related Terms

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Sungarner Energies Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 113, Udyog Kendra-II, Sector Ecotech –III, Gautam Budh Nagar, Greater Noida, UP, IND, 201306
Sungarner Energies Ltd offers a wide range of power solutions. It is engaged in the manufacturing, design, and engineering of Power Equipments and Appliances such as Online UPS, Solar Inverters, EV Chargers, Storage Solutions (Lead Acid and Lithium-ion), Solar Equipment, and Installation and Commissioning of Solar Power Plants. The company provides these products and services to corporate houses/Channel Partners all over India and Abroad.

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