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Jayant Infratech (BOM:543544) Asset Turnover : 1.02 (As of Mar. 2024)


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What is Jayant Infratech Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Jayant Infratech's Revenue for the six months ended in Mar. 2024 was ₹577.7 Mil. Jayant Infratech's Total Assets for the quarter that ended in Mar. 2024 was ₹565.2 Mil. Therefore, Jayant Infratech's Asset Turnover for the quarter that ended in Mar. 2024 was 1.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Jayant Infratech's annualized ROE % for the quarter that ended in Mar. 2024 was 15.13%. It is also linked to ROA % through Du Pont Formula. Jayant Infratech's annualized ROA % for the quarter that ended in Mar. 2024 was 8.89%.


Jayant Infratech Asset Turnover Historical Data

The historical data trend for Jayant Infratech'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.

Jayant Infratech Asset Turnover Chart

Jayant Infratech Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
Get a 7-Day Free Trial 1.55 1.37 1.22 1.01 1.58

Jayant Infratech Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Asset Turnover Get a 7-Day Free Trial - 0.49 0.52 0.63 1.02

Competitive Comparison of Jayant Infratech's Asset Turnover

For the Railroads subindustry, Jayant Infratech'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.


Jayant Infratech's Asset Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jayant Infratech's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Jayant Infratech's Asset Turnover falls into.



Jayant Infratech Asset Turnover Calculation

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

Jayant Infratech'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 )
=893.006/( (503.151+627.715)/ 2 )
=893.006/565.433
=1.58

Jayant Infratech'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: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=577.732/( (502.711+627.715)/ 2 )
=577.732/565.213
=1.02

* 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.


Jayant Infratech  (BOM:543544) Asset Turnover Explanation

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

Jayant Infratech's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=50.234/332.0495
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(50.234 / 1155.464)*(1155.464 / 565.213)*(565.213/ 332.0495)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.35 %*2.0443*1.7022
=ROA %*Equity Multiplier
=8.89 %*1.7022
=15.13 %

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:

Jayant Infratech's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=50.234/565.213
=(Net Income / Revenue)*(Revenue / Total Assets)
=(50.234 / 1155.464)*(1155.464 / 565.213)
=Net Margin %*Asset Turnover
=4.35 %*2.0443
=8.89 %

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.


Jayant Infratech Asset Turnover Related Terms

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Jayant Infratech (BOM:543544) Business Description

Traded in Other Exchanges
N/A
Address
Mangal Smriti, Bajpai Ground, Tilak Nagar, Bilaspur, CT, IND, 495001
Jayant Infratech Ltd is engaged in the field of Railway Infrastructure Development involving the design, drawing supply, erection, and commissioning sector of India. It encompasses the electrification of new & existing Railway tracks. Its services include concept to commissioning of Railway Infrastructure right from design to energization. It has only one reportable Business Segment, which is the Sale of services relating to works contracts.

Jayant Infratech (BOM:543544) Headlines

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