RNFI Services (NSE:RNFI) Total Assets : ₹2,579 Mil (As of Sep. 2024)

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What is RNFI Services Total Assets?

RNFI Services's Total Assets for the quarter that ended in Sep. 2024 was ₹2,579 Mil.

During the past 12 months, RNFI Services's average Total Assets Growth Rate was 56.40% per year. During the past 3 years, the average Total Assets Growth Rate was 25.60% per year.

During the past 4 years, RNFI Services's highest 3-Year average Total Assets Growth Rate was 25.60%. The lowest was 25.60%. And the median was 25.60%.

Total Assets is connected with ROA %. RNFI Services's annualized ROA % for the quarter that ended in Sep. 2024 was 7.48%. Total Assets is also linked to Revenue through Asset Turnover. RNFI Services's Asset Turnover for the quarter that ended in Sep. 2024 was 2.04.

RNFI Services Total Assets Historical Data

The historical data trend for RNFI Services'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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RNFI Services Total Assets Chart

RNFI Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Assets

1,049.76

1,166.13

1,252.67

1,905.14

RNFI Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial			1,166.13	1,252.67	1,427.16	1,905.14	2,578.64

RNFI Services 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.

RNFI Services'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 )
	=	320.07	+	1585.068
	=	1,905

RNFI Services'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 )
	=	1034.763	+	1543.88
	=	2,579

RNFI Services (NSE:RNFI) Total Assets Explanation

Total Assets is connected with ROA %.

RNFI Services'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 )
	=	167.646	/	( (1905.138	+	2578.643)	/ 2 )
	=	167.646	/	2241.8905
	=	7.48 %

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.

RNFI Services'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 )
=	4581.103	/	( (1905.138	+	2578.643)	/ 2 )
=	4581.103	/	2241.8905
=	2.04

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.

RNFI Services Total Assets Related Terms

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RNFI Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » RNFI Services Ltd (NSE:RNFI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

DLF Industrial Area, Plot No. 42, UG-5, Relipay House, Kirti Nagar, West Delhi, New Delhi, IND, 110015

Website

https://www.rnfiservices.com

RNFI Services Ltd is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via online portal and mobile application, focusing on providing banking, digital, and Government to Citizen (G2C) services on PAN India basis. It segregates its business into three segments namely; Business correspondent services; Non-business correspondent services; and others. Key revenue is generated from the Non-business correspondent services.

RNFI Services Headlines

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