Premco Global (BOM:530331) Total Assets : ₹1,294.4 Mil (As of Mar. 2024)

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What is Premco Global Total Assets?

Premco Global's Total Assets for the quarter that ended in Mar. 2024 was ₹1,294.4 Mil.

During the past 12 months, Premco Global's average Total Assets Growth Rate was -5.30% per year. During the past 3 years, the average Total Assets Growth Rate was -1.40% per year. During the past 5 years, the average Total Assets Growth Rate was 4.00% per year. During the past 10 years, the average Total Assets Growth Rate was 8.00% per year.

During the past 13 years, Premco Global's highest 3-Year average Total Assets Growth Rate was 23.50%. The lowest was -1.40%. And the median was 10.80%.

Total Assets is connected with ROA %. Premco Global's annualized ROA % for the quarter that ended in Mar. 2024 was 9.06%. Total Assets is also linked to Revenue through Asset Turnover. Premco Global's Asset Turnover for the quarter that ended in Mar. 2024 was 0.21.

Premco Global Total Assets Historical Data

The historical data trend for Premco Global'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.

Premco Global Total Assets Chart

Premco Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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994.92

1,142.34

1,241.93

1,296.26

1,294.43

Premco Global 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															1,296.26	-	1,294.28	-	1,294.43

Premco Global 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.

Premco Global'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 )
	=	1128.527	+	165.898
	=	1,294.4

Premco Global'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 )
	=	1128.527	+	165.898
	=	1,294.4

Premco Global (BOM:530331) Total Assets Explanation

Total Assets is connected with ROA %.

Premco Global'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 )
	=	117.296	/	( (0	+	1294.425)	/ 1 )
	=	117.296	/	1294.425
	=	9.06 %

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.

Premco Global'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 )
=	273.993	/	( (0	+	1294.425)	/ 1 )
=	273.993	/	1294.425
=	0.21

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.

Premco Global Total Assets Related Terms

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Premco Global (BOM:530331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Premco Global Ltd (BOM:530331) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

95 Ganpatrao Kadam marg, Urmi Estate, Tower-A, 11th floor, Lower Parel (West), Mumbai, IND, 400013

Website

http://www.premcoglobal.com

Premco Global Ltd is a company that is engaged in manufacturing woven and knitted elastic tapes, and other activities. Its product portfolio includes Name tapes and plain tapes; Buttonholes, rigid tapes and medical tapes and Panty and shoulder elastics. Geographically, it derives a majority of revenue from India.

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