Indian Renewable Energy Development Agency (BOM:544026) Total Assets : ₹626,004 Mil (As of Mar. 2024)

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What is Indian Renewable Energy Development Agency Total Assets?

Indian Renewable Energy Development Agency's Total Assets for the quarter that ended in Mar. 2024 was ₹626,004 Mil.

During the past 12 months, Indian Renewable Energy Development Agency's average Total Assets Growth Rate was 24.90% per year. During the past 3 years, the average Total Assets Growth Rate was 27.20% per year.

During the past 4 years, Indian Renewable Energy Development Agency's highest 3-Year average Total Assets Growth Rate was 27.20%. The lowest was 27.20%. And the median was 27.20%.

Total Assets is connected with ROA %. Indian Renewable Energy Development Agency's annualized ROA % for the quarter that ended in Mar. 2024 was 2.16%. Total Assets is also linked to Revenue through Asset Turnover. Indian Renewable Energy Development Agency's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Indian Renewable Energy Development Agency Total Assets Historical Data

The historical data trend for Indian Renewable Energy Development Agency'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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Indian Renewable Energy Development Agency Total Assets Chart

Indian Renewable Energy Development Agency Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Assets

302,933.91

367,084.05

504,469.83

626,004.19

Indian Renewable Energy Development Agency Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial				504,469.83	512,083.57	512,564.91	-	626,004.19

Indian Renewable Energy Development Agency 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.

Indian Renewable Energy Development Agency'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 )
	=	85594.254	+	540409.937
	=	626,004

Indian Renewable Energy Development Agency'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 )
	=	85594.254	+	540409.937
	=	626,004

Indian Renewable Energy Development Agency (BOM:544026) Total Assets Explanation

Total Assets is connected with ROA %.

Indian Renewable Energy Development Agency'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 )
	=	13495.04	/	( (0	+	626004.191)	/ 1 )
	=	13495.04	/	626004.191
	=	2.16 %

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.

Indian Renewable Energy Development Agency'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 )
=	13478.798	/	( (0	+	626004.191)	/ 1 )
=	13478.798	/	626004.191
=	0.02

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.

Indian Renewable Energy Development Agency Total Assets Related Terms

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Indian Renewable Energy Development Agency (BOM:544026) Business Description

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IREDA:India

Address

August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066

Website

https://www.ireda.in

Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.

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