Assets generating more sales than before

Asset turnover ratio has improved for the first time since the pandemic began

Asset turnover ratio was 0.94 in 2018-19. It fell to 0.86 in 2019-20 and 0.79 in 2020-21. It improved to 0.91 in 2021-22. The recent high was 1.02 in 2014-15.

Based on a common sample of 636 listed companies with comparable and available data across the years.

Source: Capitaline, Business Standard calculations