Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Yasons Chemex Care's Revenue for the
six
months ended in Mar. 2023 was ₹367.7 Mil. Yasons Chemex Care's Total Assets for the quarter that ended in Mar. 2023 was ₹276.9 Mil. Therefore, Yasons Chemex Care's Asset Turnover for the quarter that ended in Mar. 2023 was 1.33.
Asset Turnover is linked to ROE % through Du Pont Formula. Yasons Chemex Care's annualizedROE % for the quarter that ended in Mar. 2023 was 36.12%. It is also linked to ROA % through Du Pont Formula. Yasons Chemex Care's annualizedROA % for the quarter that ended in Mar. 2023 was 24.79%.
Yasons Chemex Care (NSE:YCCL) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Yasons Chemex Care's annulizedROE % for the quarter that ended in Mar. 2023 is
Note:
The Net Income data used here is two times the semi-annual (Mar. 2023) net income data. The Revenue data used here is two times the semi-annual (Mar. 2023) 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:
Yasons Chemex Care's annulizedROA % for the quarter that ended in Mar. 2023 is
Note:
The Net Income data used here is two times the semi-annual (Mar. 2023) net income data. The Revenue data used here is two times the semi-annual (Mar. 2023) 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.
Yasons Chemex Care Asset Turnover Related Terms
Yasons Chemex Care Asset Turnover Historical Data
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The historical data trend for Yasons Chemex Care'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.
Yasons Chemex Care Asset Turnover Chart
Yasons Chemex Care Annual Data
Trend
Mar19
Mar20
Mar21
Mar22
Mar23
Asset Turnover
1.18
1.07
0.77
0.94
1.33
Yasons Chemex Care Semi-Annual Data
Mar19
Mar20
Mar21
Mar22
Mar23
Asset Turnover
1.18
1.07
0.77
0.94
1.33
NSE:YCCL vs LIN, SHW, ECL: Asset Turnover Comparison
For the Specialty Chemicals subindustry, Yasons Chemex Care'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.
Yasons Chemex Care Asset Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yasons Chemex Care's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Yasons Chemex Care's Asset Turnover falls into.
* 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.
Yasons Chemex Care (NSE:YCCL) has a Asset Turnover of 1.33 as of Mar. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Yasons Chemex Care and its competitors.
Is Yasons Chemex Care's Asset Turnover too high?
Yasons Chemex Care's current Asset Turnover is 1.33. Overall, Yasons Chemex Care has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Yasons Chemex Care's Asset Turnover compare to LIN and SHW?
Yasons Chemex Care's Asset Turnover of 1.33 can be compared against companies in the Chemicals 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 Chemicals company?
A good Asset Turnover depends on the Chemicals 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 Yasons Chemex Care and its competitors. Yasons Chemex Care's current Asset Turnover is 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yasons Chemex Care stock overvalued right now?
Yasons Chemex Care (NSE:YCCL) has a current Asset Turnover of 1.33. The current Asset Turnover is 1.33. Yasons Chemex Care's overall GF Score™ is 17/100. 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 Yasons Chemex Care (NSE:YCCL), the current Asset Turnover is 1.33 as of Mar. 2023. 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.
Yasons Chemex Care Ltd is engaged in manufacturing dyes & pigment paste, IMCG, and FMCG products. The IMCG products of the company includes Textile dyes, pigments and paints. The Company also manufactures a wide range of pigment paste from various chemicals. Within FMCG it manufactures or packages products such as hair oil, perfumes & deodorant, handmade soap, sanitizer, etc., under its brand name PLXO.
17GF Score
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