Lagnam Spintex (NSE:LAGNAM) Total Assets : ₹0 Mil (As of Jun. 2024)

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What is Lagnam Spintex Total Assets?

Lagnam Spintex's Total Assets for the quarter that ended in Jun. 2024 was ₹0 Mil.

During the past 12 months, Lagnam Spintex's average Total Assets Growth Rate was 71.50% per year. During the past 3 years, the average Total Assets Growth Rate was 29.00% per year. During the past 5 years, the average Total Assets Growth Rate was 19.50% per year. During the past 10 years, the average Total Assets Growth Rate was 28.50% per year.

During the past 11 years, Lagnam Spintex's highest 3-Year average Total Assets Growth Rate was 49.60%. The lowest was 8.90%. And the median was 25.25%.

Total Assets is connected with ROA %. Lagnam Spintex's annualized ROA % for the quarter that ended in Jun. 2024 was 1.18%. Total Assets is also linked to Revenue through Asset Turnover. Lagnam Spintex's Asset Turnover for the quarter that ended in Jun. 2024 was 0.30.

Lagnam Spintex Total Assets Historical Data

The historical data trend for Lagnam Spintex'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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Lagnam Spintex Total Assets Chart

Lagnam Spintex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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2,413.01

2,487.80

2,798.98

3,111.67

5,334.91

Lagnam Spintex Quarterly Data
	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															-	4,512.22	-	5,334.91	-

Lagnam Spintex 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.

Lagnam Spintex's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	1089.51	+	4245.397
	=	5,335

Lagnam Spintex's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	N/A	+	N/A
	=	N/A

Lagnam Spintex (NSE:LAGNAM) Total Assets Explanation

Total Assets is connected with ROA %.

Lagnam Spintex's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	63.056	/	( (5334.907	+	0)	/ 1 )
	=	63.056	/	5334.907
	=	1.18 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Lagnam Spintex's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	1599.71	/	( (5334.907	+	0)	/ 1 )
=	1599.71	/	5334.907
=	0.30

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.

Lagnam Spintex Total Assets Related Terms

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Lagnam Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lagnam Spintex Ltd (NSE:LAGNAM) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

A-51-53, RIICO Growth Centre Hamirgarh, Bhilwara, RJ, IND, 311001

Website

http://www.lagnamspintex.com

Lagnam Spintex Ltd is an Indian textile company. The company is engaged in the business of manufacturing high-quality yarn for the domestic and export markets. The company's operation is predominantly related to textiles. Hence primary reportable segment is textile only. Its yarn products are used in Denim, Terry Towels, Bottom Wears, Home Textiles, and Industrial Fabrics. It exports cotton yarns to countries like Portugal, Italy, Germany, Belgium, South Africa, Slovenia, Columbia, China, Pakistan, Bangladesh, and others.

Lagnam Spintex Headlines

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