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Purple Finance (BOM:544191) Total Assets : ₹941.89 Mil (As of Sep. 2024)


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What is Purple Finance Total Assets?

Purple Finance's Total Assets for the quarter that ended in Sep. 2024 was ₹941.89 Mil.

Total Assets is connected with ROA %. Purple Finance's annualized ROA % for the quarter that ended in Sep. 2024 was -23.66%. Total Assets is also linked to Revenue through Asset Turnover. Purple Finance's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

Purple Finance Total Assets Historical Data

The historical data trend for Purple Finance'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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Purple Finance Total Assets Chart

Purple Finance Annual Data
Trend Mar22 Mar23
Total Assets
- 178.78

Purple Finance Quarterly Data
Mar22 Mar23 Jun23 Sep23 Jun24 Sep24
Total Assets Get a 7-Day Free Trial 178.78 153.59 - - 941.89

Purple Finance 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.

Purple Finance's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets=Total Equity (A: Mar. 2023 )+Total Liabilities (A: Mar. 2023 )
=168.076+10.707
=178.78

Purple Finance'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 )
=387.734+554.157
=941.89

* 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.

Purple Finance  (BOM:544191) Total Assets Explanation

Total Assets is connected with ROA %.

Purple Finance's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-222.868/( (0+941.891)/ 1 )
=-222.868/941.891
=-23.66 %

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

Purple Finance's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=27.049/( (0+941.891)/ 1 )
=27.049/941.891
=0.03

* 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.

Purple Finance Total Assets Related Terms

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Purple Finance Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Purple Finance Ltd (BOM:544191) » Definitions » Total Assets
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Address
Sant Dnyaneshwar Marg, 705/706, Hallmark Business Plaza, Opp. Gurunanak Hospital, Bandra East, Mumbai, MH, IND, 400051
Website
https://www.purplefinance.in
Purple Finance Ltd is engaged in lending loans to Corporate & Non-Corporate entities. It provide easier and simplified funding options for the micro and small business enterprise at competitive pricing, faster credit decisions and transparent processes. Its product include MSME Secured Loan.

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