Flomic Global Logistics (BOM:504380) Total Assets : ₹2,022 Mil (As of Mar. 2024)

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What is Flomic Global Logistics Total Assets?

Flomic Global Logistics's Total Assets for the quarter that ended in Mar. 2024 was ₹2,022 Mil.

During the past 12 months, Flomic Global Logistics's average Total Assets Growth Rate was 47.00% per year. During the past 3 years, the average Total Assets Growth Rate was 25.30% per year. During the past 5 years, the average Total Assets Growth Rate was 67.30% per year. During the past 10 years, the average Total Assets Growth Rate was 50.40% per year.

During the past 13 years, Flomic Global Logistics's highest 3-Year average Total Assets Growth Rate was 162.60%. The lowest was -4.80%. And the median was 16.10%.

Total Assets is connected with ROA %. Flomic Global Logistics's annualized ROA % for the quarter that ended in Mar. 2024 was 3.54%. Total Assets is also linked to Revenue through Asset Turnover. Flomic Global Logistics's Asset Turnover for the quarter that ended in Mar. 2024 was 0.50.

Flomic Global Logistics Total Assets Historical Data

The historical data trend for Flomic Global Logistics'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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Flomic Global Logistics Total Assets Chart

Flomic Global Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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741.23

980.38

1,397.56

1,446.10

2,021.81

Flomic Global Logistics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															1,446.10	-	1,424.50	-	2,021.81

Flomic Global Logistics 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.

Flomic Global Logistics'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 )
	=	433.587	+	1588.219
	=	2,022

Flomic Global Logistics'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 )
	=	433.587	+	1588.219
	=	2,022

Flomic Global Logistics (BOM:504380) Total Assets Explanation

Total Assets is connected with ROA %.

Flomic Global Logistics's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	71.636	/	( (0	+	2021.806)	/ 1 )
	=	71.636	/	2021.806
	=	3.54 %

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.

Flomic Global Logistics's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	1008.315	/	( (0	+	2021.806)	/ 1 )
=	1008.315	/	2021.806
=	0.50

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.

Flomic Global Logistics Total Assets Related Terms

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Flomic Global Logistics (BOM:504380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Flomic Global Logistics Ltd (BOM:504380) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

205, Off Nehru Road, Enterprise Centre, Beside Orchid Hote, Vile Parle (East), Mumbai, MH, IND, 400099

Website

http://www.flomicgroup.com

Flomic Global Logistics Ltd operates in the multi-cargo, multi-surface logistics business. It offers various logistics services including freight forwarding, customs brokerage, warehousing, cross trades and transportation services. The company has only one business segment namely, Freight forwarding and Custom House Agent.

Flomic Global Logistics (BOM:504380) Headlines

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