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ROX Hi-Tech (NSE:ROXHITECH) Total Assets : ₹610 Mil (As of Mar. 2023)


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What is ROX Hi-Tech Total Assets?

ROX Hi-Tech's Total Assets for the quarter that ended in Mar. 2023 was ₹610 Mil.

During the past 12 months, ROX Hi-Tech's average Total Assets Growth Rate was 64.20% per year.

Total Assets is connected with ROA %. ROX Hi-Tech's annualized ROA % for the quarter that ended in Mar. 2023 was 30.75%. Total Assets is also linked to Revenue through Asset Turnover. ROX Hi-Tech's Asset Turnover for the quarter that ended in Mar. 2023 was 2.67.

ROX Hi-Tech Total Assets Historical Data

The historical data trend for ROX Hi-Tech'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.

ROX Hi-Tech Total Assets Chart

ROX Hi-Tech Annual Data
Trend Mar21 Mar22 Mar23
Total Assets
388.76 386.67 610.33

ROX Hi-Tech Semi-Annual Data
Mar21 Mar22 Mar23
Total Assets 388.76 386.67 610.33

ROX Hi-Tech 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.

ROX Hi-Tech'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 )
=241.503+368.823
=610

ROX Hi-Tech'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 )
=241.503+368.823
=610

* 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.

ROX Hi-Tech  (NSE:ROXHITECH) Total Assets Explanation

Total Assets is connected with ROA %.

ROX Hi-Tech's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %=Net Income (Q: Mar. 2023 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=153.297/( (386.672+610.326)/ 2 )
=153.297/498.499
=30.75 %

Note: The Net Income data used here is one times the 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.

ROX Hi-Tech's Asset Turnover for the quarter that ended in Mar. 2023 is

Asset Turnover
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=1333.279/( (386.672+610.326)/ 2 )
=1333.279/498.499
=2.67

* 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.

ROX Hi-Tech Total Assets Related Terms

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ROX Hi-Tech (NSE:ROXHITECH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Total Assets
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Traded in Other Exchanges
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Address
Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034
Website
https://www.rox.co.in
ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

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