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Ratnaveer Precision Engineering (BOM:543978) Total Assets : ₹0 Mil (As of Jun. 2024)


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What is Ratnaveer Precision Engineering Total Assets?

Ratnaveer Precision Engineering's Total Assets for the quarter that ended in Jun. 2024 was ₹0 Mil.

During the past 3 years, the average Total Assets Growth Rate was 26.20% per year.

During the past 5 years, Ratnaveer Precision Engineering's highest 3-Year average Total Assets Growth Rate was 26.20%. The lowest was 17.10%. And the median was 21.65%.

Total Assets is connected with ROA %. Ratnaveer Precision Engineering's annualized ROA % for the quarter that ended in Jun. 2024 was 9.69%. Total Assets is also linked to Revenue through Asset Turnover. Ratnaveer Precision Engineering's Asset Turnover for the quarter that ended in Jun. 2024 was 0.40.

Ratnaveer Precision Engineering Total Assets Historical Data

The historical data trend for Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering Total Assets Chart

Ratnaveer Precision Engineering Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Total Assets
2,424.41 2,559.24 3,086.32 3,890.48 5,160.88

Ratnaveer Precision Engineering Quarterly Data
Mar20 Mar21 Mar22 Aug22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,890.48 - - 5,160.88 -

Ratnaveer Precision Engineering 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.

Ratnaveer Precision Engineering'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 )
=2521.14+2639.74
=5,161

Ratnaveer Precision Engineering's Total Assets for the quarter that ended in Jun. 2024 is calculated as

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

* 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.

Ratnaveer Precision Engineering  (BOM:543978) Total Assets Explanation

Total Assets is connected with ROA %.

Ratnaveer Precision Engineering's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=500.32/( (5160.88+0)/ 1 )
=500.32/5160.88
=9.69 %

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

Ratnaveer Precision Engineering's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=2042.19/( (5160.88+0)/ 1 )
=2042.19/5160.88
=0.40

* 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.

Ratnaveer Precision Engineering Total Assets Related Terms

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Ratnaveer Precision Engineering Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Total Assets
Comparable Companies
BOM:543590 BOM:541701 BOM:532650 BOM:532741 NSE:SHIVAUM BOM:533270 BOM:504605 NSE:SHYAMCENT BOM:542669 BOM:511672 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF
Traded in Other Exchanges
RATNAVEER:India
Address
Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775
Website
https://www.ratnaveer.com
Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

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