Garg Furnace (BOM:530615) Total Assets : ₹610 Mil (As of Mar. 2024)

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What is Garg Furnace Total Assets?

Garg Furnace's Total Assets for the quarter that ended in Mar. 2024 was ₹610 Mil.

During the past 12 months, Garg Furnace's average Total Assets Growth Rate was -10.30% per year. During the past 3 years, the average Total Assets Growth Rate was 6.80% per year. During the past 5 years, the average Total Assets Growth Rate was 0.50% per year. During the past 10 years, the average Total Assets Growth Rate was -10.30% per year.

During the past 13 years, Garg Furnace's highest 3-Year average Total Assets Growth Rate was 22.30%. The lowest was -19.40%. And the median was 1.00%.

Total Assets is connected with ROA %. Garg Furnace's annualized ROA % for the quarter that ended in Mar. 2024 was 18.56%. Total Assets is also linked to Revenue through Asset Turnover. Garg Furnace's Asset Turnover for the quarter that ended in Mar. 2024 was 1.16.

Garg Furnace Total Assets Historical Data

The historical data trend for Garg Furnace'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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Garg Furnace Total Assets Chart

Garg Furnace Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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479.25

438.98

498.38

587.77

609.60

Garg Furnace 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															587.77	-	524.59	-	609.60

Garg Furnace 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.

Garg Furnace'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 )
	=	487.11	+	122.489
	=	610

Garg Furnace'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 )
	=	487.11	+	122.489
	=	610

Garg Furnace (BOM:530615) Total Assets Explanation

Total Assets is connected with ROA %.

Garg Furnace'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 )
	=	113.152	/	( (0	+	609.599)	/ 1 )
	=	113.152	/	609.599
	=	18.56 %

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.

Garg Furnace'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 )
=	710.164	/	( (0	+	609.599)	/ 1 )
=	710.164	/	609.599
=	1.16

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.

Garg Furnace Total Assets Related Terms

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Garg Furnace (BOM:530615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Garg Furnace Ltd (BOM:530615) » Definitions » Total Assets

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Address

Kanganwal Road, G.T. Road, V.P.O. Jugiana, Ludhiana, PB, IND, 141120

Website

https://www.gargfurnacelimited.com

Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.

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