Tata Motors (NSE:TMCV) Asset Turnover: 0.50 (As of Mar. 2026)


NSE:TMCV Tata Motors Ltd NSE:TMCV
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What is Tata Motors Asset Turnover?

Tata Motors NSE:TMCV -0.49% 24 Asset Turnover is 0.50 as of Mar. 2026. GuruFocus rates NSE:TMCV with a GF Score™ of 24/100. The stock has 2 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tata Motors's Revenue for the three months ended in Mar. 2026 was ₹259,740 Mil. Tata Motors's Total Assets for the quarter that ended in Mar. 2026 was ₹523,090 Mil. Therefore, Tata Motors's Asset Turnover for the quarter that ended in Mar. 2026 was 0.50.

Asset Turnover is linked to ROE % through Du Pont Formula. Tata Motors's annualized ROE % for the quarter that ended in Mar. 2026 was 56.32%. It is also linked to ROA % through Du Pont Formula. Tata Motors's annualized ROA % for the quarter that ended in Mar. 2026 was 13.71%.

Tata Motors  (NSE:TMCV) Asset Turnover Explanation

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

Tata Motors's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=71720/127340
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(71720 / 1038960)*(1038960 / 523090)*(523090/ 127340)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.9 %*1.9862*4.1078
=ROA %*Equity Multiplier
=13.71 %*4.1078
=56.32 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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:

Tata Motors's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=71720/523090
=(Net Income / Revenue)*(Revenue / Total Assets)
=(71720 / 1038960)*(1038960 / 523090)
=Net Margin %*Asset Turnover
=6.9 %*1.9862
=13.71 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.

Tata Motors Asset Turnover Related Terms

Tata Motors Asset Turnover Historical Data

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The historical data trend for Tata Motors'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.

Tata Motors Asset Turnover Chart

Tata Motors Annual Data
Trend Mar24 Mar25 Mar26
Asset Turnover
1.16 0.28 1.68

Tata Motors Quarterly Data
Mar24 Dec24 Mar25 Dec25 Mar26
Asset Turnover 0.00 0.05 0.46 0.46 0.50

NSE:TMCV vs TSLA, GM, F: Asset Turnover Comparison

For the Auto Manufacturers subindustry, Tata Motors'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.

Tata Motors Asset Turnover vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tata Motors's Asset Turnover falls into.


NSE:TMCV
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Tata Motors Ltd NSE:TMCV
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Tata Motors Asset Turnover Calculation

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

Tata Motors's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=833900/( (468510+523090)/ 2 )
=833900/495800
=1.68

Tata Motors's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=259740/( (0+523090)/ 1 )
=259740/523090
=0.50

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.50 mean?
Tata Motors (NSE:TMCV) has a Asset Turnover of 0.50 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tata Motors and its competitors.
Is Tata Motors' Asset Turnover too high?
Tata Motors' current Asset Turnover is 0.50. Overall, Tata Motors has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Tata Motors' Asset Turnover compare to TSLA and GM?
Tata Motors' Asset Turnover of 0.50 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Vehicles & Parts company?
A good Asset Turnover depends on the Vehicles & Parts industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Tata Motors and its competitors. Tata Motors's current Asset Turnover is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors stock overvalued right now?
Tata Motors (NSE:TMCV) has a current Asset Turnover of 0.50. The current Asset Turnover is 0.50. Tata Motors' overall GF Score™ is 24/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Tata Motors (NSE:TMCV), the current Asset Turnover is 0.50 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tata Motors Business Description

Other Exchanges 544569:India
Address Bombay House, 24 Homi Mody Street, Mumbai, MH, IND, 400001
Tata Motors Ltd is an automobile manufacturer, offering a diverse portfolio of smarter, integrated, and safer mobility solutions. It designs, manufactures, and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications. Its operating segments consist of: a) Automotive: The Automotive segment consists of Tata Commercial Vehicles and consists of three sub-segments: Commercial Vehicles, Corporate/ unallocable, Intrasegment. b) Others: Others consist of IT services and Insurance Broking services. The majority of revenue is generated from the Tata Commercial Vehicles sub-segment of the Automotive segment. Geographically, the group operates in India, South Korea, and the rest of the world. The majority of its revenue is generated in India.
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