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Premier Synthetics (BOM:509835) Total Assets : ₹350.0 Mil (As of Mar. 2024)


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What is Premier Synthetics Total Assets?

Premier Synthetics's Total Assets for the quarter that ended in Mar. 2024 was ₹350.0 Mil.

During the past 12 months, Premier Synthetics's average Total Assets Growth Rate was -17.00% per year. During the past 3 years, the average Total Assets Growth Rate was -6.40% per year. During the past 5 years, the average Total Assets Growth Rate was -4.10% per year. During the past 10 years, the average Total Assets Growth Rate was -0.90% per year.

During the past 13 years, Premier Synthetics's highest 3-Year average Total Assets Growth Rate was 11.60%. The lowest was -30.30%. And the median was -6.40%.

Total Assets is connected with ROA %. Premier Synthetics's annualized ROA % for the quarter that ended in Mar. 2024 was -7.05%. Total Assets is also linked to Revenue through Asset Turnover. Premier Synthetics's Asset Turnover for the quarter that ended in Mar. 2024 was 0.25.


Premier Synthetics Total Assets Historical Data

The historical data trend for Premier Synthetics'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.

Premier Synthetics Total Assets Chart

Premier Synthetics Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 421.35 430.35 499.46 421.42 350.00

Premier Synthetics 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 421.42 - 435.49 - 350.00

Premier Synthetics 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.

Premier Synthetics'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 )
=258.262+91.742
=350.0

Premier Synthetics'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 )
=258.262+91.742
=350.0

* 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.


Premier Synthetics  (BOM:509835) Total Assets Explanation

Total Assets is connected with ROA %.

Premier Synthetics'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 )
=-24.68/( (0+350.004)/ 1 )
=-24.68/350.004
=-7.05 %

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.

Premier Synthetics'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 )
=85.882/( (0+350.004)/ 1 )
=85.882/350.004
=0.25

* 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.

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.

Premier Synthetics Total Assets Related Terms

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Premier Synthetics (BOM:509835) Business Description

Traded in Other Exchanges
N/A
Address
Swastik X Road, Navrangpura, Surana House, Behind Klassic Chambers, Opposite Narnarayan Complex, Ahmedabad, GJ, IND, 380009
Premier Synthetics Ltd is an India-based company engaged in the business of manufacturing Cotton Yarn. It is used in the denim and towel industries.

Premier Synthetics (BOM:509835) Headlines

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