Nitiraj Engineers (NSE:NITIRAJ) Total Assets : ₹0.0 Mil (As of Dec. 2023)

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What is Nitiraj Engineers Total Assets?

Nitiraj Engineers's Total Assets for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

During the past 12 months, Nitiraj Engineers's average Total Assets Growth Rate was 5.30% per year. During the past 3 years, the average Total Assets Growth Rate was 1.40% per year. During the past 5 years, the average Total Assets Growth Rate was 3.80% per year. During the past 10 years, the average Total Assets Growth Rate was 12.20% per year.

During the past 12 years, Nitiraj Engineers's highest 3-Year average Total Assets Growth Rate was 27.30%. The lowest was 1.40%. And the median was 11.50%.

Total Assets is connected with ROA %. Nitiraj Engineers's annualized ROA % for the quarter that ended in Dec. 2023 was 10.99%. Total Assets is also linked to Revenue through Asset Turnover. Nitiraj Engineers's Asset Turnover for the quarter that ended in Dec. 2023 was 0.26.

Nitiraj Engineers Total Assets Historical Data

The historical data trend for Nitiraj Engineers'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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Nitiraj Engineers Total Assets Chart

Nitiraj Engineers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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727.91

803.02

791.62

772.26

798.25

Nitiraj Engineers Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															-	798.25	-	779.54	-

Nitiraj Engineers 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.

Nitiraj Engineers'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 )
	=	675.799	+	122.446
	=	798.2

Nitiraj Engineers'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

Nitiraj Engineers (NSE:NITIRAJ) Total Assets Explanation

Total Assets is connected with ROA %.

Nitiraj Engineers'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 )
	=	85.664	/	( (779.544	+	0)	/ 1 )
	=	85.664	/	779.544
	=	10.99 %

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.

Nitiraj Engineers'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 )
=	202.464	/	( (779.544	+	0)	/ 1 )
=	202.464	/	779.544
=	0.26

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.

Nitiraj Engineers Total Assets Related Terms

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Nitiraj Engineers (NSE:NITIRAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nitiraj Engineers Ltd (NSE:NITIRAJ) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

Plot NO J25, J26,MIDC Awadhan,, Dhule, MH, IND, 424006

Website

https://www.nitiraj.net

Nitiraj Engineers Ltd offers measure and counting devices in India. It operates in five broad segments i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically it derives a majority of its revenue from India.

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