Glance Finance (BOM:531199) Total Assets : ₹469.2 Mil (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Glance Finance Total Assets?

Glance Finance's Total Assets for the quarter that ended in Mar. 2024 was ₹469.2 Mil.

Warning Sign:

If a company builds assets at 28.6% a year, faster than its revenue growth rate of 17.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Glance Finance's average Total Assets Growth Rate was 44.10% per year. During the past 3 years, the average Total Assets Growth Rate was 35.60% per year. During the past 5 years, the average Total Assets Growth Rate was 28.60% per year. During the past 10 years, the average Total Assets Growth Rate was 13.30% per year.

During the past 13 years, Glance Finance's highest 3-Year average Total Assets Growth Rate was 35.60%. The lowest was -3.20%. And the median was 13.65%.

Total Assets is connected with ROA %. Glance Finance's annualized ROA % for the quarter that ended in Mar. 2024 was 4.83%. Total Assets is also linked to Revenue through Asset Turnover. Glance Finance's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Glance Finance Total Assets Historical Data

The historical data trend for Glance Finance'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.

Glance Finance Total Assets Chart

Glance Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

Get a 7-Day Free Trial

166.96

246.64

372.90

415.11

469.23

Glance Finance 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															415.11	-	436.58	-	469.23

Glance Finance 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.

Glance Finance'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 )
	=	363.748	+	105.483
	=	469.2

Glance Finance'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 )
	=	363.748	+	105.483
	=	469.2

Glance Finance (BOM:531199) Total Assets Explanation

Total Assets is connected with ROA %.

Glance Finance'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 )
	=	22.66	/	( (0	+	469.231)	/ 1 )
	=	22.66	/	469.231
	=	4.83 %

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.

Glance Finance'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 )
=	70.06	/	( (0	+	469.231)	/ 1 )
=	70.06	/	469.231
=	0.15

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.

Glance Finance Total Assets Related Terms

Thank you for viewing the detailed overview of Glance Finance's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Glance Finance (BOM:531199) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glance Finance Ltd (BOM:531199) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

192, Dr. D.N. Road, 7, Kitab Mahal, 1st Floor, Fort, Mumbai, MH, IND, 400001

Website

http://www.glancefinance.com

Glance Finance Ltd is a non-banking financial company. It is involved in fund-based financing activities. The company engaged in the business of Asset Leasing and Investment in Capital Market. It generates revenue in the form of Interest; Dividends; Fees and Commission; Sale of Traded Goods and other income.

Glance Finance (BOM:531199) Headlines

No Headlines