Rishi Techtex (BOM:523021) Total Assets : ₹722 Mil (As of Mar. 2024)

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What is Rishi Techtex Total Assets?

Rishi Techtex's Total Assets for the quarter that ended in Mar. 2024 was ₹722 Mil.

During the past 12 months, Rishi Techtex's average Total Assets Growth Rate was 2.10% per year. During the past 3 years, the average Total Assets Growth Rate was 6.90% per year. During the past 5 years, the average Total Assets Growth Rate was 7.10% per year. During the past 10 years, the average Total Assets Growth Rate was 8.10% per year.

During the past 13 years, Rishi Techtex's highest 3-Year average Total Assets Growth Rate was 13.50%. The lowest was 1.80%. And the median was 6.90%.

Total Assets is connected with ROA %. Rishi Techtex's annualized ROA % for the quarter that ended in Mar. 2024 was 1.78%. Total Assets is also linked to Revenue through Asset Turnover. Rishi Techtex's Asset Turnover for the quarter that ended in Mar. 2024 was 0.41.

Rishi Techtex Total Assets Historical Data

The historical data trend for Rishi Techtex'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.

* Premium members only.

Rishi Techtex Total Assets Chart

Rishi Techtex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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598.74

630.68

668.01

727.74

722.40

Rishi Techtex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															727.74	-	745.95	-	722.40

Rishi Techtex Total Assets Calculation

Total Assets are all the assets a company owns.

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.

Rishi Techtex's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	318.451	+	403.951
	=	722

Rishi Techtex's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	318.451	+	403.951
	=	722

Rishi Techtex (BOM:523021) Total Assets Explanation

Total Assets is connected with ROA %.

Rishi Techtex's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	12.856	/	( (0	+	722.402)	/ 1 )
	=	12.856	/	722.402
	=	1.78 %

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.

Rishi Techtex's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	297.622	/	( (0	+	722.402)	/ 1 )
=	297.622	/	722.402
=	0.41

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.

Rishi Techtex Total Assets Related Terms

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Rishi Techtex (BOM:523021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Rishi Techtex Ltd (BOM:523021) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

10/14, Pais Street, 612, Veena Killedar Industrial Estate, Byculla (West), Mumbai, MH, IND, 400011

Website

https://www.rishitechtex.com

Rishi Techtex Ltd is a multiproduct company operating in India. It is engaged in the manufacturing of plastic woven, sacks, and shade nets. Its product categories include ShadeNets and Woven Bags. The ShadeNets are utilized as Agriculture/Horticulture Field, Wind Breakers, and Cattle Shed/Poultry Shed. The Woven Bags are suited as Packaging material for Fertilizers, Cement, Plastics Polymers, Chemicals, Bale Coverings, and Salt.

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