HI-Green Carbon (NSE:HIGREEN) Total Assets : ₹438.8 Mil (As of Mar. 2023)

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What is HI-Green Carbon Total Assets?

HI-Green Carbon's Total Assets for the quarter that ended in Mar. 2023 was ₹438.8 Mil.

During the past 12 months, HI-Green Carbon's average Total Assets Growth Rate was 28.10% per year.

Total Assets is connected with ROA %. HI-Green Carbon's annualized ROA % for the quarter that ended in Mar. 2023 was 27.77%. Total Assets is also linked to Revenue through Asset Turnover. HI-Green Carbon's Asset Turnover for the quarter that ended in Mar. 2023 was 2.01.

HI-Green Carbon Total Assets Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Total Assets Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Total Assets

331.09

342.44

438.78

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
Total Assets	331.09	342.44	438.78

HI-Green Carbon 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.

HI-Green Carbon'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 )
	=	225.902	+	212.881
	=	438.8

HI-Green Carbon'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 )
	=	225.902	+	212.881
	=	438.8

HI-Green Carbon (NSE:HIGREEN) Total Assets Explanation

Total Assets is connected with ROA %.

HI-Green Carbon'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 )
	=	108.478	/	( (342.436	+	438.783)	/ 2 )
	=	108.478	/	390.6095
	=	27.77 %

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.

HI-Green Carbon'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 )
=	785.241	/	( (342.436	+	438.783)	/ 2 )
=	785.241	/	390.6095
=	2.01

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.

HI-Green Carbon Total Assets Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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