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Tulasee Bio-Ethanol (BOM:524514) Asset Turnover : 0.00 (As of Mar. 2024)


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What is Tulasee Bio-Ethanol Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tulasee Bio-Ethanol's Revenue for the three months ended in Mar. 2024 was ₹0.00 Mil. Tulasee Bio-Ethanol's Total Assets for the quarter that ended in Mar. 2024 was ₹83.97 Mil. Therefore, Tulasee Bio-Ethanol's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Tulasee Bio-Ethanol's annualized ROE % for the quarter that ended in Mar. 2024 was -37.52%. It is also linked to ROA % through Du Pont Formula. Tulasee Bio-Ethanol's annualized ROA % for the quarter that ended in Mar. 2024 was -3.75%.


Tulasee Bio-Ethanol Asset Turnover Historical Data

The historical data trend for Tulasee Bio-Ethanol'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.

Tulasee Bio-Ethanol Asset Turnover Chart

Tulasee Bio-Ethanol Annual Data
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Tulasee Bio-Ethanol Quarterly Data
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Competitive Comparison of Tulasee Bio-Ethanol's Asset Turnover

For the Chemicals subindustry, Tulasee Bio-Ethanol'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.


Tulasee Bio-Ethanol's Asset Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tulasee Bio-Ethanol's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tulasee Bio-Ethanol's Asset Turnover falls into.



Tulasee Bio-Ethanol Asset Turnover Calculation

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

Tulasee Bio-Ethanol'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 )
=0/( (83.855+83.999)/ 2 )
=0/83.927
=0.00

Tulasee Bio-Ethanol'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: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (83.946+83.999)/ 2 )
=0/83.9725
=0.00

* 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.


Tulasee Bio-Ethanol  (BOM:524514) Asset Turnover Explanation

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

Tulasee Bio-Ethanol's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-3.152/8.4015
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.152 / 0)*(0 / 83.9725)*(83.9725/ 8.4015)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*9.9949
=ROA %*Equity Multiplier
=-3.75 %*9.9949
=-37.52 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (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:

Tulasee Bio-Ethanol's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-3.152/83.9725
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.152 / 0)*(0 / 83.9725)
=Net Margin %*Asset Turnover
= %*0
=-3.75 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Tulasee Bio-Ethanol Asset Turnover Related Terms

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Tulasee Bio-Ethanol (BOM:524514) Business Description

Traded in Other Exchanges
N/A
Address
Lohop Chowk Road, 41/3 & 41/5, Village Lohop, Taluka Khalapur, Raigad, MH, IND, 410202
Tulasee Bio-Ethanol Ltd is engaged in the manufacturing of absolute alcohol ethanol. The company diversified its business from mono chloro benzene chemical to absolute alcohol ethanol.

Tulasee Bio-Ethanol (BOM:524514) Headlines

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