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Destiny Logistics & Infra (NSE:DESTINY) Total Assets : ₹404.7 Mil (As of Mar. 2023)


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What is Destiny Logistics & Infra Total Assets?

Destiny Logistics & Infra's Total Assets for the quarter that ended in Mar. 2023 was ₹404.7 Mil.

During the past 12 months, Destiny Logistics & Infra's average Total Assets Growth Rate was 52.70% per year. During the past 3 years, the average Total Assets Growth Rate was 181.90% per year.

During the past 5 years, Destiny Logistics & Infra's highest 3-Year average Total Assets Growth Rate was 181.90%. The lowest was 145.20%. And the median was 163.55%.

Total Assets is connected with ROA %. Destiny Logistics & Infra's annualized ROA % for the quarter that ended in Mar. 2023 was 6.14%. Total Assets is also linked to Revenue through Asset Turnover. Destiny Logistics & Infra's Asset Turnover for the quarter that ended in Mar. 2023 was 1.69.

Destiny Logistics & Infra Total Assets Historical Data

The historical data trend for Destiny Logistics & Infra'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.

* Premium members only.

Destiny Logistics & Infra Total Assets Chart

Destiny Logistics & Infra Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Total Assets
17.98 18.01 66.08 267.81 404.67

Destiny Logistics & Infra Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Mar23
Total Assets 17.98 18.01 66.08 267.81 404.67

Destiny Logistics & Infra 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.

Destiny Logistics & Infra'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 )
=264.485+140.18
=404.7

Destiny Logistics & Infra's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets=Total Equity (Q: Mar. 2023 )+Total Liabilities (Q: Mar. 2023 )
=264.485+140.18
=404.7

* 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.

Destiny Logistics & Infra  (NSE:DESTINY) Total Assets Explanation

Total Assets is connected with ROA %.

Destiny Logistics & Infra's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %=Net Income (Q: Mar. 2023 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=20.657/( (267.813+404.665)/ 2 )
=20.657/336.239
=6.14 %

Note: The Net Income data used here is one times the annual (Mar. 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.

Destiny Logistics & Infra's Asset Turnover for the quarter that ended in Mar. 2023 is

Asset Turnover
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=567.201/( (267.813+404.665)/ 2 )
=567.201/336.239
=1.69

* 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.

Destiny Logistics & Infra Total Assets Related Terms

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Destiny Logistics & Infra (NSE:DESTINY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Destiny Logistics & Infra Ltd (NSE:DESTINY) » Definitions » Total Assets
Comparable Companies
BOM:531977 BOM:520123 BOM:530259 BOM:520131 NSE:JALAN BOM:534615 BOM:541206 NSE:SVLL ODFL SAIA TSX:TFII XPO KNX TSE:9064 SNDR ARCB TSE:9076 WERN SHSE:603056 RXO
Traded in Other Exchanges
N/A
Address
ECO Centre, Block - EM-4 Sector- V, Unit No. 708, 7th Floor, Salt Lake, Kolkata, WB, IND, 700091
Website
https://www.destinyinfra.in
Destiny Logistics & Infra Ltd provide logistics, manpower and infrastructural services. It offers land-based transportation through third-party service providers. It provides a wide range of services such as packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company's operations are concentrated in the domestic market, particularly, in the state of West Bengal. The company operates in Transport and Construction services, out of which the majority is from the Construction services.

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