Astral's Total Assets for the quarter that ended in Mar. 2024 was ₹44,979 Mil.
During the past 12 months, Astral's average Total Assets Growth Rate was 5.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.50% per year.
During the past 13 years, Astral's highest 3-Year average Total Assets Growth Rate was 65.20%. The lowest was 10.40%. And the median was 30.60%.
Total Assets is connected with ROA %. Astral's annualizedROA % for the quarter that ended in Mar. 2024 was 16.06%. Total Assets is also linked to Revenue through Asset Turnover. Astral's Asset Turnover for the quarter that ended in Mar. 2024 was 0.36.
Astral Total Assets Historical Data
The historical data trend for Astral'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.
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.
Astral'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.
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.
Astral'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.
Astral Total Assets Related Terms
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Astral Ltd manufactures plumbing systems, drainage systems, agriculture, industrial and electrical conduit pipes with various types of fittings. Operations are divided into two business segment units: Plumbing, and Paints and Adhesives. Astral's list of clients includes hospitals, resorts, parks, stadiums, government facilities, and a host of other industries. The majority of the company's products are utilized across India. Pipes and systems are sold under several brand names and can be built to withstand many conditions imposed by a system's environment and meet several requirements and regulations.
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