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Trom Industries (NSE:TROM) Total Assets : ₹292.0 Mil (As of Mar. 2024)


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What is Trom Industries Total Assets?

Trom Industries's Total Assets for the quarter that ended in Mar. 2024 was ₹292.0 Mil.

During the past 12 months, Trom Industries's average Total Assets Growth Rate was 36.00% per year. During the past 3 years, the average Total Assets Growth Rate was 19.10% per year.

During the past 4 years, Trom Industries's highest 3-Year average Total Assets Growth Rate was 19.10%. The lowest was 19.10%. And the median was 19.10%.

Total Assets is connected with ROA %. Trom Industries's annualized ROA % for the quarter that ended in Mar. 2024 was 22.58%. Total Assets is also linked to Revenue through Asset Turnover. Trom Industries's Asset Turnover for the quarter that ended in Mar. 2024 was 2.14.

Trom Industries Total Assets Historical Data

The historical data trend for Trom Industries'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.

Trom Industries Total Assets Chart

Trom Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Total Assets
179.61 185.43 215.54 291.99

Trom Industries Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Total Assets 179.61 185.43 215.54 291.99

Trom Industries 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.

Trom Industries'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 )
=122.257+169.736
=292.0

Trom Industries's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=122.257+169.736
=292.0

* 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.

Trom Industries  (NSE:TROM) Total Assets Explanation

Total Assets is connected with ROA %.

Trom Industries's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=57.293/( (215.535+291.993)/ 2 )
=57.293/253.764
=22.58 %

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

Trom Industries's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=543.488/( (215.535+291.993)/ 2 )
=543.488/253.764
=2.14

* 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.

Trom Industries Total Assets Related Terms

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Trom Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trom Industries Ltd (NSE:TROM) » Definitions » Total Assets
Comparable Companies
BOM:533298 NSE:AGNI NSE:PERFECT BOM:513575 BOM:538786 BOM:542851 BOM:539337 BOM:541228 BOM:544354 NSE:ZODIACSMN FSLR SHSE:600438 NSE:WAAREEENER SHSE:688223 NXT ENPH NSE:PREMIERENE SHSE:688472 SZSE:002459 SHSE:688599
Traded in Other Exchanges
N/A
Address
Sargasan Cross Road, 4th Floor, 421, Pramukh Tangent, Gandhinagar, GJ, IND, 382421
Website
https://www.tromindustries.com
Trom Industries Ltd is a Solar EPC (Engineering, Procurement, and Construction) company engaged in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights.

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