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Vishnusurya Projects and Infra (NSE:VISHNUINFR) Asset Turnover : 1.11 (As of Mar. 2023)


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What is Vishnusurya Projects and Infra Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Vishnusurya Projects and Infra's Revenue for the six months ended in Mar. 2023 was ₹1,324 Mil. Vishnusurya Projects and Infra's Total Assets for the quarter that ended in Mar. 2023 was ₹1,198 Mil. Therefore, Vishnusurya Projects and Infra's Asset Turnover for the quarter that ended in Mar. 2023 was 1.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Vishnusurya Projects and Infra's annualized ROE % for the quarter that ended in Mar. 2023 was 65.61%. It is also linked to ROA % through Du Pont Formula. Vishnusurya Projects and Infra's annualized ROA % for the quarter that ended in Mar. 2023 was 27.69%.


Vishnusurya Projects and Infra Asset Turnover Historical Data

The historical data trend for Vishnusurya Projects and Infra'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.

Vishnusurya Projects and Infra Asset Turnover Chart

Vishnusurya Projects and Infra Annual Data
Trend Mar21 Mar22 Mar23
Asset Turnover
0.66 0.71 1.11

Vishnusurya Projects and Infra Semi-Annual Data
Mar21 Mar22 Mar23
Asset Turnover 0.66 0.71 1.11

Competitive Comparison of Vishnusurya Projects and Infra's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Vishnusurya Projects and Infra'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.


Vishnusurya Projects and Infra's Asset Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vishnusurya Projects and Infra's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Vishnusurya Projects and Infra's Asset Turnover falls into.



Vishnusurya Projects and Infra Asset Turnover Calculation

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

Vishnusurya Projects and Infra's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=1323.711/( (1184.939+1210.528)/ 2 )
=1323.711/1197.7335
=1.11

Vishnusurya Projects and Infra's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=1323.711/( (1184.939+1210.528)/ 2 )
=1323.711/1197.7335
=1.11

* 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.


Vishnusurya Projects and Infra  (NSE:VISHNUINFR) Asset Turnover Explanation

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

Vishnusurya Projects and Infra's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=331.62/505.4135
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(331.62 / 2647.422)*(2647.422 / 1197.7335)*(1197.7335/ 505.4135)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.53 %*2.2104*2.3698
=ROA %*Equity Multiplier
=27.69 %*2.3698
=65.61 %

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:

Vishnusurya Projects and Infra's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=331.62/1197.7335
=(Net Income / Revenue)*(Revenue / Total Assets)
=(331.62 / 2647.422)*(2647.422 / 1197.7335)
=Net Margin %*Asset Turnover
=12.53 %*2.2104
=27.69 %

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.


Vishnusurya Projects and Infra Asset Turnover Related Terms

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Vishnusurya Projects and Infra (NSE:VISHNUINFR) Business Description

Traded in Other Exchanges
N/A
Address
North Mada Street, 2nd Floor, Qbas Temple Tower, No. 76/25, Mylapore, Chennai, TN, IND, 600 004
Vishnusurya Projects and Infra Ltd is engaged in the mining of rough stones and the manufacturing of aggregates & Manufacture-sand by using Crushing Plants and Sand washing plants. In addition to mining activities, it is engaged in EPC Projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development. The Company executed and delivered multiple real estate projects in the past such as the construction of villas, multi-storied apartments, specific contracts like compound walls, renovation works, site formation, etc., and design and construction of various infrastructure projects for the government, autonomous and private bodies in state of Tamil Nadu.

Vishnusurya Projects and Infra (NSE:VISHNUINFR) Headlines

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