Quality Foils (India) (NSE:QFIL) Total Assets : ₹680 Mil (As of Sep. 2023)

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What is Quality Foils (India) Total Assets?

Quality Foils (India)'s Total Assets for the quarter that ended in Sep. 2023 was ₹680 Mil.

During the past 12 months, Quality Foils (India)'s average Total Assets Growth Rate was -4.80% per year. During the past 3 years, the average Total Assets Growth Rate was 3.40% per year.

During the past 4 years, Quality Foils (India)'s highest 3-Year average Total Assets Growth Rate was 3.40%. The lowest was 3.40%. And the median was 3.40%.

Total Assets is connected with ROA %. Quality Foils (India)'s annualized ROA % for the quarter that ended in Sep. 2023 was 1.83%. Total Assets is also linked to Revenue through Asset Turnover. Quality Foils (India)'s Asset Turnover for the quarter that ended in Sep. 2023 was 1.13.

Quality Foils (India) Total Assets Historical Data

The historical data trend for Quality Foils (India)'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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Quality Foils (India) Total Assets Chart

Quality Foils (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Assets

660.65

653.65

783.46

762.07

Quality Foils (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial			653.65	783.46	713.52	762.07	680.48

Quality Foils (India) 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.

Quality Foils (India)'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 )
	=	273.963	+	488.11
	=	762

Quality Foils (India)'s Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	280.57	+	399.907
	=	680

Quality Foils (India) (NSE:QFIL) Total Assets Explanation

Total Assets is connected with ROA %.

Quality Foils (India)'s annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	13.216	/	( (762.073	+	680.477)	/ 2 )
	=	13.216	/	721.275
	=	1.83 %

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

Quality Foils (India)'s Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	812.006	/	( (762.073	+	680.477)	/ 2 )
=	812.006	/	721.275
=	1.13

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.

Quality Foils (India) Total Assets Related Terms

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Quality Foils (India) (NSE:QFIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Quality Foils (India) Ltd (NSE:QFIL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Industrial Development Colony, Hisar, HR, IND, 125005

Website

https://www.qualitygroup.in

Quality Foils (India) Ltd is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The products of the company are sold both in the domestic as well as international markets.

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