Mideast Integrated Steels (BOM:540744) Total Assets : ₹0 Mil (As of Dec. 2023)

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What is Mideast Integrated Steels Total Assets?

Mideast Integrated Steels's Total Assets for the quarter that ended in Dec. 2023 was ₹0 Mil.

During the past 12 months, Mideast Integrated Steels's average Total Assets Growth Rate was -10.70% per year. During the past 3 years, the average Total Assets Growth Rate was -4.20% per year. During the past 5 years, the average Total Assets Growth Rate was -4.00% per year. During the past 10 years, the average Total Assets Growth Rate was 1.10% per year.

During the past 13 years, Mideast Integrated Steels's highest 3-Year average Total Assets Growth Rate was 22.90%. The lowest was -5.20%. And the median was -2.00%.

Total Assets is connected with ROA %. Mideast Integrated Steels's annualized ROA % for the quarter that ended in Dec. 2023 was -5.35%. Total Assets is also linked to Revenue through Asset Turnover. Mideast Integrated Steels's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Mideast Integrated Steels Total Assets Historical Data

The historical data trend for Mideast Integrated Steels'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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Mideast Integrated Steels Total Assets Chart

Mideast Integrated Steels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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22,167.18

20,600.52

19,118.36

19,865.76

18,266.29

Mideast Integrated Steels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															-	18,266.29	-	18,216.49	-

Mideast Integrated Steels 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.

Mideast Integrated Steels's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	4284.69	+	13981.6
	=	18,266

Mideast Integrated Steels's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	N/A	+	N/A
	=	N/A

Mideast Integrated Steels (BOM:540744) Total Assets Explanation

Total Assets is connected with ROA %.

Mideast Integrated Steels's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-975.28	/	( (18216.49	+	0)	/ 1 )
	=	-975.28	/	18216.49
	=	-5.35 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Mideast Integrated Steels's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1318.09	/	( (18216.49	+	0)	/ 1 )
=	1318.09	/	18216.49
=	0.07

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.

Mideast Integrated Steels Total Assets Related Terms

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Mideast Integrated Steels (BOM:540744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mideast Integrated Steels Ltd (BOM:540744) » Definitions » Total Assets

Comparable Companies

SGX:A52 DHA:RSRMSTEEL NSE:SHIVAUM ASX:EQX IST:AYES TSE:5973 BOM:505693 XKLS:5192 WAR:IZS WAR:ZMT

Traded in Other Exchanges

N/A

Address

Kailash Colony, H-1, Mesco Tower, Zamrudpur Community Centre, New Delhi, IND, 110048

Website

http://www.mescosteel.com

Mideast Integrated Steels Ltd is engaged in the business of extraction of iron ore. The company operates through a single segment namely the Iron and Steel business. It manufactures various products such as pig iron scrap including plates, fines fresh, and boulders, iron ore calibrated lump ores consisting of iron ore fines, and screened lump, coke breeze, granulated slag, and lime slurry. In addition, it also offers repair services.

Mideast Integrated Steels (BOM:540744) Headlines

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