Charms Industries (BOM:531327) Total Assets : ₹6.80 Mil (As of Mar. 2024)

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What is Charms Industries Total Assets?

Charms Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹6.80 Mil.

During the past 12 months, Charms Industries's average Total Assets Growth Rate was 9.00% per year. During the past 3 years, the average Total Assets Growth Rate was 10.60% per year. During the past 5 years, the average Total Assets Growth Rate was -4.90% per year. During the past 10 years, the average Total Assets Growth Rate was -13.90% per year.

During the past 13 years, Charms Industries's highest 3-Year average Total Assets Growth Rate was 15.20%. The lowest was -36.30%. And the median was -15.85%.

Total Assets is connected with ROA %. Charms Industries's annualized ROA % for the quarter that ended in Mar. 2024 was -3.06%. Total Assets is also linked to Revenue through Asset Turnover. Charms Industries's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Charms Industries Total Assets Historical Data

The historical data trend for Charms Industries'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.

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Charms Industries Total Assets Chart

Charms Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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8.95

6.14

5.61

6.15

6.80

Charms Industries 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															6.15	-	7.29	-	6.80

Charms Industries 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.

Charms Industries'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 )
	=	1.648	+	5.148
	=	6.80

Charms Industries'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 )
	=	1.648	+	5.148
	=	6.80

Charms Industries (BOM:531327) Total Assets Explanation

Total Assets is connected with ROA %.

Charms Industries'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 )
	=	-0.208	/	( (0	+	6.796)	/ 1 )
	=	-0.208	/	6.796
	=	-3.06 %

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.

Charms Industries'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 )
=	0.868	/	( (0	+	6.796)	/ 1 )
=	0.868	/	6.796
=	0.13

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.

Charms Industries Total Assets Related Terms

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Charms Industries (BOM:531327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charms Industries Ltd (BOM:531327) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

108-B/109, Sampada Building, Mithakali Six Roads, Opposite Hare Krishna Complex, Behind Kiran Motors, Ahmedabad, GJ, IND, 380 009

Website

http://www.charmsindustries.co.in

Charms Industries Ltd is an RBI registered full-fledged money changer. In money changing, the company provides an array of products and services including buying and selling of foreign currency notes, servicing of co-branded International prepaid multicurrency travel cards, issuance of foreign currency demand drafts, travelers' cheques and outward telegraphic remittances, including outbound remittances towards student fees, film shoots, tour remittances etc. and also extend encasements of foreign currency demand drafts, travelers' cheques and forex prepaid cards.

Charms Industries (BOM:531327) Headlines

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