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Shri Techtex (NSE:SHRITECH) Total Assets : ₹1,127.4 Mil (As of Sep. 2024)


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What is Shri Techtex Total Assets?

Shri Techtex's Total Assets for the quarter that ended in Sep. 2024 was ₹1,127.4 Mil.

During the past 3 years, the average Total Assets Growth Rate was 24.40% per year.

During the past 5 years, Shri Techtex's highest 3-Year average Total Assets Growth Rate was 61.70%. The lowest was 24.40%. And the median was 43.05%.

Total Assets is connected with ROA %. Shri Techtex's annualized ROA % for the quarter that ended in Sep. 2024 was 14.37%. Total Assets is also linked to Revenue through Asset Turnover. Shri Techtex's Asset Turnover for the quarter that ended in Sep. 2024 was 0.38.

Shri Techtex Total Assets Historical Data

The historical data trend for Shri Techtex'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.

Shri Techtex Total Assets Chart

Shri Techtex Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Total Assets
176.67 465.22 528.24 738.65 1,000.57

Shri Techtex Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Total Assets Get a 7-Day Free Trial 528.24 738.65 - 1,000.57 1,127.40

Shri Techtex 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.

Shri Techtex'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 )
=838.88+161.687
=1,000.6

Shri Techtex'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 )
=915.263+212.136
=1,127.4

* 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.

Shri Techtex  (NSE:SHRITECH) Total Assets Explanation

Total Assets is connected with ROA %.

Shri Techtex'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 )
=152.874/( (1000.567+1127.399)/ 2 )
=152.874/1063.983
=14.37 %

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.

Shri Techtex'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 )
=399.302/( (1000.567+1127.399)/ 2 )
=399.302/1063.983
=0.38

* 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.

Shri Techtex Total Assets Related Terms

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Shri Techtex Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shri Techtex Ltd (NSE:SHRITECH) » Definitions » Total Assets
Comparable Companies
NSE:LAGNAM BOM:514470 BOM:539562 BOM:590025 BOM:503804 BOM:539546 NSE:KCK BOM:509692 BOM:526638 BOM:521113 HKSE:02313 TSE:3402 TPE:1402 IST:SASA SZSE:000158 BOM:532889 SHSE:601233 SHSE:600295 AIN TPE:2915
Traded in Other Exchanges
N/A
Address
Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014
Website
https://www.shritechtex.com
Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

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