Pritika Engineering Components (NSE:PRITIKA) Total Assets : ₹961.2 Mil (As of Mar. 2023)

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What is Pritika Engineering Components Total Assets?

Pritika Engineering Components's Total Assets for the quarter that ended in Mar. 2023 was ₹961.2 Mil.

During the past 12 months, Pritika Engineering Components's average Total Assets Growth Rate was 29.80% per year. During the past 3 years, the average Total Assets Growth Rate was 30.60% per year.

During the past 4 years, Pritika Engineering Components's highest 3-Year average Total Assets Growth Rate was 30.60%. The lowest was 30.60%. And the median was 30.60%.

Total Assets is connected with ROA %. Pritika Engineering Components's annualized ROA % for the quarter that ended in Mar. 2023 was 3.32%. Total Assets is also linked to Revenue through Asset Turnover. Pritika Engineering Components's Asset Turnover for the quarter that ended in Mar. 2023 was 0.44.

Pritika Engineering Components Total Assets Historical Data

The historical data trend for Pritika Engineering 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.

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Pritika Engineering Components Total Assets Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Assets

413.44

559.43

710.74

961.24

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Total Assets	413.44	559.43	710.74	813.63	961.24

Pritika Engineering 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.

Pritika Engineering Components'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 )
	=	273.84	+	687.396
	=	961.2

Pritika Engineering Components's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	273.84	+	687.396
	=	961.2

Pritika Engineering Components (NSE:PRITIKA) Total Assets Explanation

Total Assets is connected with ROA %.

Pritika Engineering Components's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	29.48	/	( (813.63	+	961.236)	/ 2 )
	=	29.48	/	887.433
	=	3.32 %

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

Pritika Engineering Components's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	390.095	/	( (813.63	+	961.236)	/ 2 )
=	390.095	/	887.433
=	0.44

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.

Pritika Engineering Components Total Assets Related Terms

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Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055

Website

https://www.pritikaengineering.com

Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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