Smaller companies are harder hit

The top 50% of companies by net sales have seen an improvement in their asset turnover ratio, while it has worsened for the bottom 50%

Grouped column chart showing median asset turnover ratio for the top 50% of companies rising from 1.03 in 2018-19 to 1.04 in 2021-22. The ratio fell from 0.79 to 0.73 for the bottom 50% companies in the same period.

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

Source: Capitaline, Business Standard calculations