Medico Remedies (NSE:MEDICO) Total Assets : ₹962 Mil (As of Mar. 2024)

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What is Medico Remedies Total Assets?

Medico Remedies's Total Assets for the quarter that ended in Mar. 2024 was ₹962 Mil.

During the past 12 months, Medico Remedies's average Total Assets Growth Rate was 11.00% per year. During the past 3 years, the average Total Assets Growth Rate was 10.10% per year. During the past 5 years, the average Total Assets Growth Rate was 4.70% per year. During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.

During the past 12 years, Medico Remedies's highest 3-Year average Total Assets Growth Rate was 35.30%. The lowest was -0.30%. And the median was 15.70%.

Total Assets is connected with ROA %. Medico Remedies's annualized ROA % for the quarter that ended in Mar. 2024 was 12.89%. Total Assets is also linked to Revenue through Asset Turnover. Medico Remedies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.43.

Medico Remedies Total Assets Historical Data

The historical data trend for Medico Remedies'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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Medico Remedies Total Assets Chart

Medico Remedies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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752.69

748.23

774.04

874.48

961.95

Medico Remedies Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															874.48	-	1,023.29	-	961.95

Medico Remedies 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.

Medico Remedies'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 )
	=	523.71	+	438.243
	=	962

Medico Remedies's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	523.71	+	438.243
	=	962

Medico Remedies (NSE:MEDICO) Total Assets Explanation

Total Assets is connected with ROA %.

Medico Remedies's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	123.964	/	( (0	+	961.953)	/ 1 )
	=	123.964	/	961.953
	=	12.89 %

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.

Medico Remedies's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	413.228	/	( (0	+	961.953)	/ 1 )
=	413.228	/	961.953
=	0.43

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.

Medico Remedies Total Assets Related Terms

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Medico Remedies (NSE:MEDICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medico Remedies Ltd (NSE:MEDICO) » Definitions » Total Assets

Traded in Other Exchanges

540937:India

Address

N. S. Phadke Marg, Opposite Teligali, 1105/1106, 11th Floor, Hubtown Solaris, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.medicoremedies.com

Medico Remedies Ltd is a manufacturer, supplier, and exporter of pharmaceutical drugs. It focuses on the production and marketing of anti-infective, cephalosporins, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins, haematinics, and other supplements. In addition, it also sells other drugs such as antihistaminic, antidiabetics, cardiovascular drugs, diuretics, anti-epileptics, combination drug kits, syrups and cream, and gel for various therapeutic segments.

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