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HRH Next Services (NSE:HRHNEXT) Total Assets : ₹311.4 Mil (As of Sep. 2023)


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What is HRH Next Services Total Assets?

HRH Next Services's Total Assets for the quarter that ended in Sep. 2023 was ₹311.4 Mil.

During the past 12 months, HRH Next Services's average Total Assets Growth Rate was 67.90% per year.

Total Assets is connected with ROA %. HRH Next Services's annualized ROA % for the quarter that ended in Sep. 2023 was 10.06%. Total Assets is also linked to Revenue through Asset Turnover. HRH Next Services's Asset Turnover for the quarter that ended in Sep. 2023 was 0.71.

HRH Next Services Total Assets Historical Data

The historical data trend for HRH Next Services'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.

HRH Next Services Total Assets Chart

HRH Next Services Annual Data
Trend Mar21 Mar22 Mar23
Total Assets
129.81 186.49 288.23

HRH Next Services Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
Total Assets 129.81 186.49 288.23 311.39

HRH Next Services 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.

HRH Next Services'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 )
=104.479+183.75
=288.2

HRH Next Services'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 )
=132.071+179.315
=311.4

* 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.

HRH Next Services  (NSE:HRHNEXT) Total Assets Explanation

Total Assets is connected with ROA %.

HRH Next Services'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 )
=30.168/( (288.229+311.386)/ 2 )
=30.168/299.8075
=10.06 %

Note: The Net Income data used here is two times the semi-annual (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.

HRH Next Services'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 )
=213.916/( (288.229+311.386)/ 2 )
=213.916/299.8075
=0.71

* 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.

HRH Next Services Total Assets Related Terms

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HRH Next Services (NSE:HRHNEXT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001
Website
https://www.hrhnext.com
HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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