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Pattech Fitwell Tube Components (NSE:PATTECH) Total Assets : ₹424.0 Mil (As of Sep. 2024)


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What is Pattech Fitwell Tube Components Total Assets?

Pattech Fitwell Tube Components's Total Assets for the quarter that ended in Sep. 2024 was ₹424.0 Mil.

During the past 12 months, Pattech Fitwell Tube Components's average Total Assets Growth Rate was 38.60% per year. During the past 3 years, the average Total Assets Growth Rate was 36.80% per year.

During the past 5 years, Pattech Fitwell Tube Components's highest 3-Year average Total Assets Growth Rate was 36.80%. The lowest was 27.60%. And the median was 32.20%.

Total Assets is connected with ROA %. Pattech Fitwell Tube Components's annualized ROA % for the quarter that ended in Sep. 2024 was 4.94%. Total Assets is also linked to Revenue through Asset Turnover. Pattech Fitwell Tube Components's Asset Turnover for the quarter that ended in Sep. 2024 was 0.62.

Pattech Fitwell Tube Components Total Assets Historical Data

The historical data trend for Pattech Fitwell Tube Components'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.

* Premium members only.

Pattech Fitwell Tube Components Total Assets Chart

Pattech Fitwell Tube Components Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Total Assets
115.57 138.67 253.04 243.11 356.56

Pattech Fitwell Tube Components Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Total Assets Get a 7-Day Free Trial 253.04 243.11 307.14 356.56 424.01

Pattech Fitwell Tube Components 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.

Pattech Fitwell Tube Components'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 )
=192.855+163.701
=356.6

Pattech Fitwell Tube Components'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 )
=202.493+221.513
=424.0

* 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.

Pattech Fitwell Tube Components  (NSE:PATTECH) Total Assets Explanation

Total Assets is connected with ROA %.

Pattech Fitwell Tube Components's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=19.274/( (356.556+424.006)/ 2 )
=19.274/390.281
=4.94 %

Note: The Net Income data used here is two times the semi-annual (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.

Pattech Fitwell Tube Components's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=243.233/( (356.556+424.006)/ 2 )
=243.233/390.281
=0.62

* 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.

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.

Pattech Fitwell Tube Components Total Assets Related Terms

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Pattech Fitwell Tube Components Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
Road No:1, National Highway 08, Near GETCO 66 KV Substation G.I.D.C POR NH-8, Survey No.873/B/1, Anson Limbani Estate, Vadodara, GJ, IND, 391243
Website
https://www.pftcpipefittings.com
Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical and pharmaceutical, food processing, oil and gas, desalination and water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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