Automotive Axles's Total Assets for the quarter that ended in Mar. 2024 was ₹12,297 Mil.
Warning Sign:
If a company builds assets at 7.6% a year, faster than its revenue growth rate of 3.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Automotive Axles's average Total Assets Growth Rate was 2.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 17.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.00% per year.
During the past 13 years, Automotive Axles's highest 3-Year average Total Assets Growth Rate was 20.80%. The lowest was 2.10%. And the median was 7.65%.
The historical data trend for Automotive Axles's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Automotive Axles's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Automotive Axles (BOM:505010) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
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.
Total Assets is linked to total revenue through Asset Turnover.
Automotive Axles's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Automotive Axles Total Assets Related Terms
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Automotive Axles (BOM:505010) Business Description
Automotive Axles Ltd is an India-based company engaged in the manufacturing and sale of automotive components. The company manufactures rear drive axle assemblies in India. It manufactures Drive axles, Non-drive axles, Front steer axles, Specialty and defense axles, and Drum and disc brakes. These products are provided to the domestic and global manufacturers of trucks and buses pertaining to segments such as light, medium, and heavy commercial vehicles, military and off-highway vehicles, aftermarket, and exports. The company operates in India.
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