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Piotex Industries (BOM:544178) Total Assets : ₹480.6 Mil (As of Sep. 2024)


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What is Piotex Industries Total Assets?

Piotex Industries's Total Assets for the quarter that ended in Sep. 2024 was ₹480.6 Mil.

During the past 12 months, Piotex Industries's average Total Assets Growth Rate was 177.50% per year.

Total Assets is connected with ROA %. Piotex Industries's annualized ROA % for the quarter that ended in Sep. 2024 was 7.75%. Total Assets is also linked to Revenue through Asset Turnover. Piotex Industries's Asset Turnover for the quarter that ended in Sep. 2024 was 1.56.

Piotex Industries Total Assets Historical Data

The historical data trend for Piotex Industries'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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Piotex Industries Total Assets Chart

Piotex Industries Annual Data
Trend Mar22 Mar23 Mar24
Total Assets
138.55 175.77 361.06

Piotex Industries Semi-Annual Data
Mar22 Mar23 Mar24 Sep24
Total Assets 138.55 175.77 361.06 480.61

Piotex Industries 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.

Piotex Industries'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 )
=93.887+267.172
=361.1

Piotex Industries's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=254.913+225.696
=480.6

* 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.

Piotex Industries  (BOM:544178) Total Assets Explanation

Total Assets is connected with ROA %.

Piotex Industries's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=32.606/( (361.059+480.609)/ 2 )
=32.606/420.834
=7.75 %

Note: The Net Income data used here is two times the semi-annual (Sep. 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.

Piotex Industries's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=657.476/( (361.059+480.609)/ 2 )
=657.476/420.834
=1.56

* 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.

Piotex Industries Total Assets Related Terms

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Piotex Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piotex Industries Ltd (BOM:544178) » Definitions » Total Assets
Comparable Companies
BOM:530151 BOM:544373 BOM:530201 BOM:514378 BOM:514386 BOM:521048 BOM:530179 BOM:538895 BOM:538838 BOM:521226 HKSE:02313 TSE:3402 TPE:1402 SZSE:000158 IST:SASA SHSE:601233 BOM:532889 SHSE:600295 AIN TPE:2915
Traded in Other Exchanges
N/A
Address
F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune, MH, IND, 411018
Website
https://www.piotexindustries.com
Piotex Industries Ltd is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The company is engaged mainly in 2 activities: 1. Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric 2. Manufacturing through job work and Fabric Weaving.

Piotex Industries Headlines

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