Aakash Exploration Services (NSE:AAKASH) Total Assets : ₹937.6 Mil (As of Mar. 2024)

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What is Aakash Exploration Services Total Assets?

Aakash Exploration Services's Total Assets for the quarter that ended in Mar. 2024 was ₹937.6 Mil.

Warning Sign:

If a company builds assets at 7.1% a year, faster than its revenue growth rate of 6.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Aakash Exploration Services's average Total Assets Growth Rate was 4.70% per year. During the past 3 years, the average Total Assets Growth Rate was 11.80% per year. During the past 5 years, the average Total Assets Growth Rate was 7.10% per year. During the past 10 years, the average Total Assets Growth Rate was 18.40% per year.

During the past 12 years, Aakash Exploration Services's highest 3-Year average Total Assets Growth Rate was 39.10%. The lowest was 4.10%. And the median was 20.60%.

Total Assets is connected with ROA %. Aakash Exploration Services's annualized ROA % for the quarter that ended in Mar. 2024 was 14.95%. Total Assets is also linked to Revenue through Asset Turnover. Aakash Exploration Services's Asset Turnover for the quarter that ended in Mar. 2024 was 0.33.

Aakash Exploration Services Total Assets Historical Data

The historical data trend for Aakash Exploration 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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Aakash Exploration Services Total Assets Chart

Aakash Exploration Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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666.87

656.94

708.52

833.35

937.56

Aakash Exploration Services Quarterly Data
	Mar19	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															833.35	-	805.66	-	937.56

Aakash Exploration 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.

Aakash Exploration Services'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 )
	=	585.226	+	352.334
	=	937.6

Aakash Exploration Services'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 )
	=	585.226	+	352.334
	=	937.6

Aakash Exploration Services (NSE:AAKASH) Total Assets Explanation

Total Assets is connected with ROA %.

Aakash Exploration Services'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 )
	=	140.2	/	( (0	+	937.56)	/ 1 )
	=	140.2	/	937.56
	=	14.95 %

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.

Aakash Exploration Services'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 )
=	308.922	/	( (0	+	937.56)	/ 1 )
=	308.922	/	937.56
=	0.33

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.

Aakash Exploration Services Total Assets Related Terms

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Aakash Exploration Services (NSE:AAKASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aakash Exploration Services Ltd (NSE:AAKASH) » Definitions » Total Assets

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Address

424-426, 4th Floor, Shukan Mall, Near Visat Petrol Pump, Sabarmati, Ahmedabad, GJ, IND, 380005

Website

https://www.aakashexploration.com

Aakash Exploration Services Ltd provides oil and gas field services in India. It offers mobile work over rigs, hot oil circulation units, air compressors, mobile steaming units, mobile pumping units, cranes, manpower services, SRP unit supply and maintenance, and other related services. The company derives revenue from the sale of services.

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