Harish Textile Engineers (BOM:542682) Total Assets : ₹0 Mil (As of Dec. 2024)

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What is Harish Textile Engineers Total Assets?

Harish Textile Engineers's Total Assets for the quarter that ended in Dec. 2024 was ₹0 Mil.

During the past 12 months, Harish Textile Engineers's average Total Assets Growth Rate was -1.60% per year. During the past 3 years, the average Total Assets Growth Rate was 4.70% per year. During the past 5 years, the average Total Assets Growth Rate was 9.50% per year.

During the past 8 years, Harish Textile Engineers's highest 3-Year average Total Assets Growth Rate was 21.10%. The lowest was 2.10%. And the median was 13.30%.

Total Assets is connected with ROA %. Harish Textile Engineers's annualized ROA % for the quarter that ended in Dec. 2024 was -2.01%. Total Assets is also linked to Revenue through Asset Turnover. Harish Textile Engineers's Asset Turnover for the quarter that ended in Dec. 2024 was 0.42.

Harish Textile Engineers Total Assets Historical Data

The historical data trend for Harish Textile Engineers'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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Harish Textile Engineers Total Assets Chart

Harish Textile Engineers Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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725.69

679.62

788.70

771.26

776.13

Harish Textile Engineers Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															-	776.13	-	783.82	-

Harish Textile Engineers 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.

Harish Textile Engineers'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 )
	=	92.541	+	683.59
	=	776

Harish Textile Engineers's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	N/A	+	N/A
	=	N/A

Harish Textile Engineers (BOM:542682) Total Assets Explanation

Total Assets is connected with ROA %.

Harish Textile Engineers's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-15.74	/	( (783.823	+	0)	/ 1 )
	=	-15.74	/	783.823
	=	-2.01 %

Note: The Net Income data used here is four times the quarterly (Dec. 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.

Harish Textile Engineers's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	332.588	/	( (783.823	+	0)	/ 1 )
=	332.588	/	783.823
=	0.42

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.

Harish Textile Engineers Total Assets Related Terms

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Harish Textile Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harish Textile Engineers Ltd (BOM:542682) » Definitions » Total Assets

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Address

19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400069

Website

http://www.harishtextile.com

Harish Textile Engineers Ltd is engaged in the manufacturing of textile processing and finishing machinery, the production of non-woven fabrics, and the production of polyester staple fiber. Its segments include Textile Engineering, Non-Woven and PSF. It offers products such as Stenter, Rotary Printing, Jigger, Dyeing Padder, Coater, Scouring, Curing, Relax Dryer, fabrics for automotive interiors, shoe liners, and various other products. The company generates key revenue from the Non-Woven segment.

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