Mangal Credit & Fincorp's Total Assets for the quarter that ended in Mar. 2024 was ₹2,737.9 Mil.
During the past 12 months, Mangal Credit & Fincorp's average Total Assets Growth Rate was 27.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 28.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 22.70% per year.
During the past 10 years, the average Total Assets Growth Rate was -2.70% per year.
During the past 13 years, Mangal Credit & Fincorp's highest 3-Year average Total Assets Growth Rate was 153.00%. The lowest was -28.50%. And the median was 12.40%.
* 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.
Mangal Credit & Fincorp'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.
Mangal Credit & Fincorp (BOM:505850) 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.
Mangal Credit & Fincorp'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.
Mangal Credit & Fincorp Total Assets Related Terms
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Mangal Credit & Fincorp (BOM:505850) Business Description
Mangal Credit & Fincorp Ltd is a non-banking financial company. The company offers services, including loans and credit facilities, private educational funding, and trade-in money market underwriting stocks and shares. Its products include Gold loans, Personal loans, and SME(small and medium enterprises) loans. Geographically all the operations function through the regions of India.
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