Aion-Tech Solutions (NSE:GOLDTECH) Total Assets : ₹1,052.4 Mil (As of Mar. 2024)

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What is Aion-Tech Solutions Total Assets?

Aion-Tech Solutions's Total Assets for the quarter that ended in Mar. 2024 was ₹1,052.4 Mil.

Warning Sign:

If a company builds assets at 11.4% 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, Aion-Tech Solutions's average Total Assets Growth Rate was 4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 15.50% per year. During the past 5 years, the average Total Assets Growth Rate was 11.40% per year. During the past 10 years, the average Total Assets Growth Rate was 2.20% per year.

During the past 13 years, Aion-Tech Solutions's highest 3-Year average Total Assets Growth Rate was 18.60%. The lowest was -22.40%. And the median was -4.25%.

Total Assets is connected with ROA %. Aion-Tech Solutions's annualized ROA % for the quarter that ended in Mar. 2024 was -2.81%. Total Assets is also linked to Revenue through Asset Turnover. Aion-Tech Solutions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.22.

Aion-Tech Solutions Total Assets Historical Data

The historical data trend for Aion-Tech Solutions'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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Aion-Tech Solutions Total Assets Chart

Aion-Tech Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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626.82

566.60

879.51

973.26

1,052.38

Aion-Tech Solutions 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															973.26	-	948.77	-	1,052.38

Aion-Tech Solutions 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.

Aion-Tech Solutions'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 )
	=	670.731	+	381.647
	=	1,052.4

Aion-Tech Solutions'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 )
	=	670.731	+	381.647
	=	1,052.4

Aion-Tech Solutions (NSE:GOLDTECH) Total Assets Explanation

Total Assets is connected with ROA %.

Aion-Tech Solutions'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 )
	=	-29.52	/	( (0	+	1052.378)	/ 1 )
	=	-29.52	/	1052.378
	=	-2.81 %

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.

Aion-Tech Solutions'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 )
=	232.15	/	( (0	+	1052.378)	/ 1 )
=	232.15	/	1052.378
=	0.22

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.

Aion-Tech Solutions Total Assets Related Terms

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Aion-Tech Solutions (NSE:GOLDTECH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Aion-Tech Solutions Ltd (NSE:GOLDTECH) » Definitions » Total Assets

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531439:India

Address

My Home Hub, Block-I, 9 Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.goldstonetech.com

Aion-Tech Solutions Ltd formerly Goldstone Technologies Ltd is engaged in the Information technology sector and Information Technology Services. The firm offers various services such as Business intelligence and analytics, Infrastructure services, Outsourcing services, and others. Its operating segments are Information Technology/Software Services and Software Licenses. The company offers services in both domestic and international markets. It generates maximum revenue from Information Technology/Software Services and Software licenses.

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