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Karnika Industries (NSE:KARNIKA) Total Assets : ₹1,007 Mil (As of Mar. 2023)


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What is Karnika Industries Total Assets?

Karnika Industries's Total Assets for the quarter that ended in Mar. 2023 was ₹1,007 Mil.

During the past 12 months, Karnika Industries's average Total Assets Growth Rate was 67.60% per year.

Total Assets is connected with ROA %. Karnika Industries's annualized ROA % for the quarter that ended in Mar. 2023 was 10.66%. Total Assets is also linked to Revenue through Asset Turnover. Karnika Industries's Asset Turnover for the quarter that ended in Mar. 2023 was 1.64.

Karnika Industries Total Assets Historical Data

The historical data trend for Karnika 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.

* Premium members only.

Karnika Industries Total Assets Chart

Karnika Industries Annual Data
Trend Mar21 Mar22 Mar23
Total Assets
305.59 592.14 1,007.10

Karnika Industries Semi-Annual Data
Mar21 Mar22 Mar23
Total Assets 305.59 592.14 1,007.10

Karnika Industries 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.

Karnika Industries'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 )
=180.683+826.421
=1,007

Karnika Industries'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 )
=180.683+826.421
=1,007

* 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.

Karnika Industries  (NSE:KARNIKA) Total Assets Explanation

Total Assets is connected with ROA %.

Karnika Industries'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 )
=85.241/( (592.142+1007.104)/ 2 )
=85.241/799.623
=10.66 %

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.

Karnika Industries'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 )
=1309.595/( (592.142+1007.104)/ 2 )
=1309.595/799.623
=1.64

* 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.

Karnika Industries Total Assets Related Terms

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Karnika Industries (NSE:KARNIKA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » Total Assets
Comparable Companies
BOM:512608 NSE:CPS BOM:532695 BOM:530521 NSE:EQJAIPURKURT BOM:541144 BOM:500239 BOM:514322 BOM:532946 NSE:JETKNIT OSTO:HM B MIL:MONC RL WAR:LPP LEVI VFC BOM:532827 TSX:GIL COLM TPE:1476
Traded in Other Exchanges
N/A
Address
Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106
Website
http://www.karnikaindustries.com
Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

Karnika Industries (NSE:KARNIKA) Headlines

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