Somi Conveyor Beltings (BOM:533001) Total Assets : ₹1,105 Mil (As of Mar. 2024)

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What is Somi Conveyor Beltings Total Assets?

Somi Conveyor Beltings's Total Assets for the quarter that ended in Mar. 2024 was ₹1,105 Mil.

During the past 12 months, Somi Conveyor Beltings's average Total Assets Growth Rate was 5.40% per year. During the past 3 years, the average Total Assets Growth Rate was 0.40% per year. During the past 5 years, the average Total Assets Growth Rate was 1.20% per year. During the past 10 years, the average Total Assets Growth Rate was 1.80% per year.

During the past 13 years, Somi Conveyor Beltings's highest 3-Year average Total Assets Growth Rate was 16.70%. The lowest was -2.50%. And the median was 3.70%.

Total Assets is connected with ROA %. Somi Conveyor Beltings's annualized ROA % for the quarter that ended in Mar. 2024 was 6.82%. Total Assets is also linked to Revenue through Asset Turnover. Somi Conveyor Beltings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.35.

Somi Conveyor Beltings Total Assets Historical Data

The historical data trend for Somi Conveyor Beltings'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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Somi Conveyor Beltings Total Assets Chart

Somi Conveyor Beltings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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929.69

1,002.96

1,069.67

1,027.52

1,104.54

Somi Conveyor Beltings 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															1,027.52	-	1,037.15	-	1,104.54

Somi Conveyor Beltings 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.

Somi Conveyor Beltings'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 )
	=	710.501	+	394.034
	=	1,105

Somi Conveyor Beltings'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 )
	=	710.501	+	394.034
	=	1,105

Somi Conveyor Beltings (BOM:533001) Total Assets Explanation

Total Assets is connected with ROA %.

Somi Conveyor Beltings'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 )
	=	75.372	/	( (0	+	1104.535)	/ 1 )
	=	75.372	/	1104.535
	=	6.82 %

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.

Somi Conveyor Beltings'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 )
=	384.411	/	( (0	+	1104.535)	/ 1 )
=	384.411	/	1104.535
=	0.35

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.

Somi Conveyor Beltings Total Assets Related Terms

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Somi Conveyor Beltings (BOM:533001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Somi Conveyor Beltings Ltd (BOM:533001) » Definitions » Total Assets

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SOMICONVEY:India

Address

New Power House Road, 4 F-15, Oliver House, Near Bank of India, Jodhpur, IND, 342003

Website

https://www.somiinvestor.com

Somi Conveyor Beltings Ltd is a company engaged in the manufacture and sale of industrial conveyor belts. It offers products for the cement, sponge iron, power, and mining sectors. The product line of the company provides general-purpose, heat-resistant, fire-resistant, and oil-resistant conveyor belts. It also offers special-purpose conveyor belts, such as bulletproof, chevron, rough top, pipe conveyor, and fusion belts, as well as rubber sheets and mattings, maintenance conveyor belts, and steel cord beltings. The company operates in one single segment which is Manufacturing conveyor belts and generates revenue from the same.

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