Service Industries's Total Assets for the quarter that ended in Sep. 2024 was ₨98,335 Mil.
Warning Sign:
If a company builds assets at 38.8% a year, faster than its revenue growth rate of 30.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Service Industries's average Total Assets Growth Rate was 18.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 44.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 38.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 28.10% per year.
During the past 11 years, Service Industries's highest 3-Year average Total Assets Growth Rate was 47.20%. The lowest was 18.20%. And the median was 22.50%.
The historical data trend for Service 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.
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.
Service Industries's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Service Industries (KAR:SRVI) Total Assets Explanation
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.
Service Industries's Asset Turnover for the quarter that ended in Sep. 2024 is
* 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.
Service Industries Total Assets Related Terms
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Service Industries Ltd manufactures and sells footwear, tyres, tubes, and technical rubber products. The company's reportable segments are Footwear which includes the purchase, manufacturing and sale of different qualities of footwear, Tyre which includes the manufacturing of different qualities of tyres and tubes, and Others which includes manufacturing of different qualities of rubber products on specifications and trading and manufacturing of spare parts of automobiles. The company generates a majority of its revenues from the Tyre division. Geographically, the company derives a majority of its revenue from Pakistan and the rest from Europe, Asia, North America, Australia and other regions.
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