Ashoka Metcast (NSE:ASHOKAMET) Total Assets : ₹1,442.2 Mil (As of Sep. 2023)

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What is Ashoka Metcast Total Assets?

Ashoka Metcast's Total Assets for the quarter that ended in Sep. 2023 was ₹1,442.2 Mil.

During the past 12 months, Ashoka Metcast's average Total Assets Growth Rate was 15.60% 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 40.80% per year. During the past 10 years, the average Total Assets Growth Rate was 62.60% per year.

During the past 11 years, Ashoka Metcast's highest 3-Year average Total Assets Growth Rate was 159.70%. The lowest was 15.20%. And the median was 52.45%.

Total Assets is connected with ROA %. Ashoka Metcast's annualized ROA % for the quarter that ended in Sep. 2023 was 3.05%. Total Assets is also linked to Revenue through Asset Turnover. Ashoka Metcast's Asset Turnover for the quarter that ended in Sep. 2023 was 0.15.

Ashoka Metcast Total Assets Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast Total Assets Chart

Ashoka Metcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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286.76

437.83

510.01

741.77

1,329.79

Ashoka Metcast Quarterly Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial												630.97	741.77	1,335.52	1,329.79	1,442.22

Ashoka Metcast 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.

Ashoka Metcast'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 )
	=	1064.982	+	264.809
	=	1,329.8

Ashoka Metcast's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	1086.753	+	355.465
	=	1,442.2

Ashoka Metcast (NSE:ASHOKAMET) Total Assets Explanation

Total Assets is connected with ROA %.

Ashoka Metcast's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	42.34	/	( (1329.791	+	1442.218)	/ 2 )
	=	42.34	/	1386.0045
	=	3.05 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

Ashoka Metcast's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	201.314	/	( (1329.791	+	1442.218)	/ 2 )
=	201.314	/	1386.0045
=	0.15

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.

Ashoka Metcast Total Assets Related Terms

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Ashoka Metcast (NSE:ASHOKAMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (NSE:ASHOKAMET) » Definitions » Total Assets

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Traded in Other Exchanges

540923:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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