Laxmi Goldorna House (NSE:LGHL) Total Assets : ₹1,378 Mil (As of Sep. 2024)

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What is Laxmi Goldorna House Total Assets?

Laxmi Goldorna House's Total Assets for the quarter that ended in Sep. 2024 was ₹1,378 Mil.

Warning Sign:

If a company builds assets at 27.7% a year, faster than its revenue growth rate of 12% over the past 5 years, it means that the company may be getting less efficient.

During the past 3 years, the average Total Assets Growth Rate was 19.60% per year. During the past 5 years, the average Total Assets Growth Rate was 27.70% per year.

During the past 8 years, Laxmi Goldorna House's highest 3-Year average Total Assets Growth Rate was 68.90%. The lowest was 14.40%. And the median was 40.90%.

Total Assets is connected with ROA %. Laxmi Goldorna House's annualized ROA % for the quarter that ended in Sep. 2024 was 11.90%. Total Assets is also linked to Revenue through Asset Turnover. Laxmi Goldorna House's Asset Turnover for the quarter that ended in Sep. 2024 was 0.16.

Laxmi Goldorna House Total Assets Historical Data

The historical data trend for Laxmi Goldorna House'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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Laxmi Goldorna House Total Assets Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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466.67

581.50

1,120.67

1,422.49

1,079.13

Laxmi Goldorna House Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial										-	-	1,079.13	-	1,377.67

Laxmi Goldorna House 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.

Laxmi Goldorna House'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 )
	=	454.382	+	624.745
	=	1,079

Laxmi Goldorna House's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	598.592	+	779.075
	=	1,378

Laxmi Goldorna House (NSE:LGHL) Total Assets Explanation

Total Assets is connected with ROA %.

Laxmi Goldorna House's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	163.98	/	( (0	+	1377.667)	/ 1 )
	=	163.98	/	1377.667
	=	11.90 %

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

Laxmi Goldorna House's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	220.829	/	( (0	+	1377.667)	/ 1 )
=	220.829	/	1377.667
=	0.16

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.

Laxmi Goldorna House Total Assets Related Terms

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Laxmi Goldorna House Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.