North Eastern Carrying (NSE:NECCLTD) Total Assets : ₹0 Mil (As of Dec. 2023)

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What is North Eastern Carrying Total Assets?

North Eastern Carrying's Total Assets for the quarter that ended in Dec. 2023 was ₹0 Mil.

During the past 12 months, North Eastern Carrying's average Total Assets Growth Rate was 12.80% per year. During the past 3 years, the average Total Assets Growth Rate was 6.70% per year. During the past 5 years, the average Total Assets Growth Rate was 8.30% per year. During the past 10 years, the average Total Assets Growth Rate was 4.80% per year.

During the past 13 years, North Eastern Carrying's highest 3-Year average Total Assets Growth Rate was 20.10%. The lowest was -2.10%. And the median was 7.60%.

Total Assets is connected with ROA %. North Eastern Carrying's annualized ROA % for the quarter that ended in Dec. 2023 was 3.61%. Total Assets is also linked to Revenue through Asset Turnover. North Eastern Carrying's Asset Turnover for the quarter that ended in Dec. 2023 was 0.31.

North Eastern Carrying Total Assets Historical Data

The historical data trend for North Eastern Carrying'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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North Eastern Carrying Total Assets Chart

North Eastern Carrying Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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1,822.11

1,994.81

1,963.92

2,178.69

2,434.04

North Eastern Carrying Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															-	2,434.04	-	2,791.78	-

North Eastern Carrying 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.

North Eastern Carrying'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 )
	=	1048.607	+	1385.436
	=	2,434

North Eastern Carrying's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	N/A	+	N/A
	=	N/A

North Eastern Carrying (NSE:NECCLTD) Total Assets Explanation

Total Assets is connected with ROA %.

North Eastern Carrying's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	100.712	/	( (2791.783	+	0)	/ 1 )
	=	100.712	/	2791.783
	=	3.61 %

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

North Eastern Carrying's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	855.855	/	( (2791.783	+	0)	/ 1 )
=	855.855	/	2791.783
=	0.31

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.

North Eastern Carrying Total Assets Related Terms

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North Eastern Carrying (NSE:NECCLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » North Eastern Carrying Corp Ltd (NSE:NECCLTD) » Definitions » Total Assets

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Traded in Other Exchanges

534615:India

Address

Ram Bagh Road, Azad Market, NECC House, 9062/47, Delhi, IND, 110006

Website

https://www.neccgroup.com

North Eastern Carrying Corp Ltd is engaged in the business of transportation. The firm offers freight management and customized logistics solutions. NECC offers; Parcel load movement; Full truckload services; Containerized movement of cargo; ODC Movement: Bulk Movement: Storage facility, and other transport-related services. Geographically the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.

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