JTL Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹8,435 Mil.
Warning Sign:
If a company builds assets at 49.1% a year, faster than its revenue growth rate of 38.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, JTL Industries's average Total Assets Growth Rate was 43.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 52.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 49.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 37.70% per year.
During the past 13 years, JTL Industries's highest 3-Year average Total Assets Growth Rate was 54.60%. The lowest was -12.70%. And the median was 20.70%.
The historical data trend for JTL 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.
JTL Industries's Total Assets for the fiscal year that ended in Mar. 2024 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.
JTL Industries (NSE:JTLIND) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
JTL Industries's Asset Turnover for the quarter that ended in Mar. 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.
JTL Industries Total Assets Related Terms
Thank you for viewing the detailed overview of JTL Industries's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
JTL Industries Ltd operates in the metal industry. The company manufactures and is involved in galvanized ERW Steel Pipes and Tubes, hollow sections, and structural steel extensively used in engineering and construction projects. Company has single reportable business segment i.e. manufacturing of iron/steel tubes, pipes and structures. The Company has a pan-India presence and is globally present in serving continents such as Europe, Africa, Asia, Australia and North America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:JTLIND has been successfully added to your 