Name: Total Asset Turnover

Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.

Interpretation:
• In '2021', INGM's total asset turnover was 2.75, reflecting overall efficiency in utilizing assets. Industry average for Retail: Computer Software & Peripheral Equipment in '2021' stood at 1.37.
• In '2022', INGM's total asset turnover was 2.61, reflecting overall efficiency in utilizing assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail: Computer Software & Peripheral Equipment in '2022' stood at 1.72. Industry average increased by 0.35 compared to previous year.
• In '2023', INGM's total asset turnover was 2.56, reflecting overall efficiency in utilizing assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Retail: Computer Software & Peripheral Equipment in '2023' stood at 1.74. Industry average increased by 0.02 compared to previous year.
• In '2024', INGM's total asset turnover was 2.58, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Retail: Computer Software & Peripheral Equipment in '2024' stood at 1.50. Industry average declined by 0.25 from previous year.
Overall, INGM's total asset turnover has consistently declined during the past 4 years.

Formula: Total Asset Turnover = Net Sales / Total Assets

Good Range: Ranges from 0.5 to 2 depending on business type.