Shriram Finance's Total Assets for the quarter that ended in Mar. 2024 was ₹2,482,659 Mil.
Warning Sign:
If a company builds assets at 18.7% a year, faster than its revenue growth rate of 9.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Shriram Finance's average Total Assets Growth Rate was 18.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 26.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.00% per year.
During the past 13 years, Shriram Finance's highest 3-Year average Total Assets Growth Rate was 103.40%. The lowest was 7.30%. And the median was 21.00%.
The historical data trend for Shriram Finance'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.
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.
Shriram Finance's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Shriram Finance (NSE:SHRIRAMFIN) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Shriram Finance's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Shriram Finance Total Assets Related Terms
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Shriram Finance (NSE:SHRIRAMFIN) Business Description
Shriram Finance Ltd is an Indian non-banking finance company. It is engaged in the financing of pre-owned commercial vehicles, equipment, and other loans. The company focuses on loan origination, valuation, and collection for pre-owned and new commercial and passenger vehicles, tractors, 3 wheeler, multi-utility vehicles, and also provides ancillary services such as finance for working capital, engine replacement, bill discounting, credit cards, and tire-loans as holistic financing support. The company's revenue consists of interest income on loans provides. Geographically, it derives maximum revenue from India.
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