Jio Financial Services (BOM:543940) Total Assets : ₹0 Mil (As of Dec. 2023)

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What is Jio Financial Services Total Assets?

Jio Financial Services's Total Assets for the quarter that ended in Dec. 2023 was ₹0 Mil.

During the past 12 months, Jio Financial Services's average Total Assets Growth Rate was 237749.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1204.90% per year. During the past 5 years, the average Total Assets Growth Rate was 187.30% per year.

During the past 9 years, Jio Financial Services's highest 3-Year average Total Assets Growth Rate was 1204.90%. The lowest was -18.90%. And the median was -3.45%.

Total Assets is connected with ROA %. Jio Financial Services's annualized ROA % for the quarter that ended in Dec. 2023 was 0.98%. Total Assets is also linked to Revenue through Asset Turnover. Jio Financial Services's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Jio Financial Services Total Assets Historical Data

The historical data trend for Jio Financial Services'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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Jio Financial Services Total Assets Chart

Jio Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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410.02

476.58

206.02

222.81

1,149,295.60

Jio Financial Services Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial				206.02	222.81	1,149,295.60	1,195,975.90	-

Jio Financial Services 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.

Jio Financial Services's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	1141203.3	+	8092.3
	=	1,149,296

Jio Financial Services's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	N/A	+	N/A
	=	N/A

Jio Financial Services (BOM:543940) Total Assets Explanation

Total Assets is connected with ROA %.

Jio Financial Services's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	11752.8	/	( (1195975.9	+	0)	/ 1 )
	=	11752.8	/	1195975.9
	=	0.98 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Jio Financial Services's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	3103.5	/	( (1195975.9	+	0)	/ 1 )
=	3103.5	/	1195975.9
=	0.00

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.

Jio Financial Services Total Assets Related Terms

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Jio Financial Services (BOM:543940) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jio Financial Services Ltd (BOM:543940) » Definitions » Total Assets

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JIOFIN:India

Address

222 Nariman Point, 9th Floor, Maker Chambers 4, Mumbai, MH, IND, 400021

Website

https://www.jfs.in

Jio Financial Services Ltd operates as an investment company. The Company is a registered Non-Banking Financial Company - Systemically Important Non-Deposit taking Company. The company is engaged in the business of finance, trading in futures and options, trading/investments in shares and securities in India.

Jio Financial Services (BOM:543940) Headlines

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