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Websol Energy System (NSE:WEBELSOLAR) Asset Turnover : 0.35 (As of Sep. 2024)


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What is Websol Energy System Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Websol Energy System's Revenue for the three months ended in Sep. 2024 was ₹1,436 Mil. Websol Energy System's Total Assets for the quarter that ended in Sep. 2024 was ₹4,062 Mil. Therefore, Websol Energy System's Asset Turnover for the quarter that ended in Sep. 2024 was 0.35.

Asset Turnover is linked to ROE % through Du Pont Formula. Websol Energy System's annualized ROE % for the quarter that ended in Sep. 2024 was 89.08%. It is also linked to ROA % through Du Pont Formula. Websol Energy System's annualized ROA % for the quarter that ended in Sep. 2024 was 41.34%.


Websol Energy System Asset Turnover Historical Data

The historical data trend for Websol Energy System'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.

Websol Energy System Asset Turnover Chart

Websol Energy System Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.52 0.75 0.06 0.08

Websol Energy System Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.07 0.32 0.35

Competitive Comparison of Websol Energy System's Asset Turnover

For the Solar subindustry, Websol Energy System'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.


Websol Energy System's Asset Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Websol Energy System's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Websol Energy System's Asset Turnover falls into.



Websol Energy System Asset Turnover Calculation

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

Websol Energy System'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 )
=258.592/( (2670.736+3527.507)/ 2 )
=258.592/3099.1215
=0.08

Websol Energy System'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 )
=1435.5/( (0+4061.5)/ 1 )
=1435.5/4061.5
=0.35

* 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.


Websol Energy System  (NSE:WEBELSOLAR) Asset Turnover Explanation

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

Websol Energy System's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=1679.2/1885
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1679.2 / 5742)*(5742 / 4061.5)*(4061.5/ 1885)
=Net Margin %*Asset Turnover*Equity Multiplier
=29.24 %*1.4138*2.1546
=ROA %*Equity Multiplier
=41.34 %*2.1546
=89.08 %

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:

Websol Energy System's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=1679.2/4061.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1679.2 / 5742)*(5742 / 4061.5)
=Net Margin %*Asset Turnover
=29.24 %*1.4138
=41.34 %

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.


Websol Energy System Asset Turnover Related Terms

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Websol Energy System Business Description

Traded in Other Exchanges
Address
Falta Special Economic Zone, Sector - II, 24 Parganas (South), Falta, WB, IND, 743504
Websol Energy System Ltd is engaged in the manufacturing of photovoltaic monocrystalline solar cells and modules. The company's products are designed for the grid and standalone solar photovoltaic power plants, remote communication, and rural electrification. The sale of photovoltaic monocrystalline solar cells and modules generates maximum revenue for the company. It operates only in India.

Websol Energy System Headlines

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