Laxmi Organic Industries (NSE:LXCHEM) Total Assets : ₹28,280 Mil (As of Sep. 2024)

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What is Laxmi Organic Industries Total Assets?

Laxmi Organic Industries's Total Assets for the quarter that ended in Sep. 2024 was ₹28,280 Mil.

Warning Sign:

If a company builds assets at 23.1% a year, faster than its revenue growth rate of 15.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Laxmi Organic Industries's average Total Assets Growth Rate was 23.10% per year. During the past 3 years, the average Total Assets Growth Rate was 21.90% per year. During the past 5 years, the average Total Assets Growth Rate was 23.10% per year.

During the past 7 years, Laxmi Organic Industries's highest 3-Year average Total Assets Growth Rate was 29.40%. The lowest was 14.30%. And the median was 25.40%.

Total Assets is connected with ROA %. Laxmi Organic Industries's annualized ROA % for the quarter that ended in Sep. 2024 was 3.97%. Total Assets is also linked to Revenue through Asset Turnover. Laxmi Organic Industries's Asset Turnover for the quarter that ended in Sep. 2024 was 0.27.

Laxmi Organic Industries Total Assets Historical Data

The historical data trend for Laxmi Organic 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.

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Laxmi Organic Industries Total Assets Chart

Laxmi Organic Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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10,693.66

18,376.20

22,494.61

24,122.01

28,272.21

Laxmi Organic Industries Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															21,759.53	-	28,272.21	-	28,279.82

Laxmi Organic 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.

Laxmi Organic Industries'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 )
	=	17979.92	+	10292.29
	=	28,272

Laxmi Organic Industries'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 )
	=	18565.11	+	9714.71
	=	28,280

Laxmi Organic Industries (NSE:LXCHEM) Total Assets Explanation

Total Assets is connected with ROA %.

Laxmi Organic Industries'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 )
	=	1123.48	/	( (0	+	28279.82)	/ 1 )
	=	1123.48	/	28279.82
	=	3.97 %

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 Organic Industries'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 )
=	7712.53	/	( (0	+	28279.82)	/ 1 )
=	7712.53	/	28279.82
=	0.27

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 Organic Industries Total Assets Related Terms

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Laxmi Organic Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Laxmi Organic Industries Ltd (NSE:LXCHEM) » Definitions » Total Assets

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Traded in Other Exchanges

543277:India

Address

Chandermukhi Building, 2nd and 3rd Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.laxmi.com

Laxmi Organic Industries Ltd is a specialty chemical manufacturer. Its operating divisions are chemical business and power generation. The company is predominantly engaged in specialty chemical manufacturing focused on two key segments: Acetyl Intermediates and Speciality Intermediates derivative products. Geographically, the company generates a majority of its revenue from India.

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