GTN Industries (BOM:500170) Total Assets : ₹1,464 Mil (As of Mar. 2024)

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What is GTN Industries Total Assets?

GTN Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹1,464 Mil.

During the past 12 months, GTN Industries's average Total Assets Growth Rate was -15.80% per year. During the past 3 years, the average Total Assets Growth Rate was -21.30% per year. During the past 5 years, the average Total Assets Growth Rate was -14.50% per year. During the past 10 years, the average Total Assets Growth Rate was -4.40% per year.

During the past 13 years, GTN Industries's highest 3-Year average Total Assets Growth Rate was 7.00%. The lowest was -21.30%. And the median was -3.50%.

Total Assets is connected with ROA %. GTN Industries's annualized ROA % for the quarter that ended in Mar. 2024 was -4.04%. Total Assets is also linked to Revenue through Asset Turnover. GTN Industries's Asset Turnover for the quarter that ended in Mar. 2024 was 0.28.

GTN Industries Total Assets Historical Data

The historical data trend for GTN 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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GTN Industries Total Assets Chart

GTN Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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2,737.19

2,683.24

3,182.54

1,548.70

1,463.90

GTN 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															1,548.70	-	1,333.80	-	1,463.90

GTN 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.

GTN 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 )
	=	880.4	+	583.5
	=	1,464

GTN 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 )
	=	880.4	+	583.5
	=	1,464

GTN Industries (BOM:500170) Total Assets Explanation

Total Assets is connected with ROA %.

GTN 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 )
	=	-59.2	/	( (0	+	1463.9)	/ 1 )
	=	-59.2	/	1463.9
	=	-4.04 %

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.

GTN 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 )
=	403.2	/	( (0	+	1463.9)	/ 1 )
=	403.2	/	1463.9
=	0.28

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.

GTN Industries Total Assets Related Terms

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GTN Industries (BOM:500170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GTN Industries Ltd (BOM:500170) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Plot No.29, Nagarjuna Hills, Punjagutta, Hyderabad, TG, IND, 500082

Website

http://www.gtnindustries.com

GTN Industries Ltd is engaged in the business of manufacturing and export of cotton yarn. Principally, it is also involved in the spinning and doubling of yarn. The textile division offers a range of grey yarns, knitted fabrics, knitted socks, and knitted lifestyle garments. The company's production facilities are located in the state of Telangana and Maharashtra, India.

GTN Industries (BOM:500170) Headlines

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