Hisar Spinning Mills (BOM:521068) Total Assets : ₹268.6 Mil (As of Mar. 2024)

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What is Hisar Spinning Mills Total Assets?

Hisar Spinning Mills's Total Assets for the quarter that ended in Mar. 2024 was ₹268.6 Mil.

Warning Sign:

If a company builds assets at 12.7% a year, faster than its revenue growth rate of 9.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Hisar Spinning Mills's average Total Assets Growth Rate was -4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 14.90% per year. During the past 5 years, the average Total Assets Growth Rate was 12.70% per year. During the past 10 years, the average Total Assets Growth Rate was 10.50% per year.

During the past 13 years, Hisar Spinning Mills's highest 3-Year average Total Assets Growth Rate was 28.40%. The lowest was -0.70%. And the median was 14.90%.

Total Assets is connected with ROA %. Hisar Spinning Mills's annualized ROA % for the quarter that ended in Mar. 2024 was 10.45%. Total Assets is also linked to Revenue through Asset Turnover. Hisar Spinning Mills's Asset Turnover for the quarter that ended in Mar. 2024 was 0.38.

Hisar Spinning Mills Total Assets Historical Data

The historical data trend for Hisar Spinning Mills'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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Hisar Spinning Mills Total Assets Chart

Hisar Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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185.56

181.60

274.15

261.60

268.63

Hisar Spinning Mills 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															261.60	-	266.96	-	268.63

Hisar Spinning Mills 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.

Hisar Spinning Mills'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 )
	=	222.637	+	45.994
	=	268.6

Hisar Spinning Mills'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 )
	=	222.637	+	45.994
	=	268.6

Hisar Spinning Mills (BOM:521068) Total Assets Explanation

Total Assets is connected with ROA %.

Hisar Spinning Mills'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 )
	=	28.072	/	( (0	+	268.631)	/ 1 )
	=	28.072	/	268.631
	=	10.45 %

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.

Hisar Spinning Mills'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 )
=	103.384	/	( (0	+	268.631)	/ 1 )
=	103.384	/	268.631
=	0.38

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.

Hisar Spinning Mills Total Assets Related Terms

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Hisar Spinning Mills (BOM:521068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hisar Spinning Mills Ltd (BOM:521068) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Hisar Bhiwani Road, 9th KM Stone, Village and Post Office Dabra, Hisar, HR, IND, 125005

Website

https://www.hisarspinningmills.com

Hisar Spinning Mills Ltd is a textile manufacturing company. It is engaged in the business of trading of cotton yarns in India. The company has installed open-end machines with approximately 672 rotors along with ring doublers which have a capacity of approximately 2200 metric ton to produce cotton yarns.

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