Afloat Enterprises (BOM:543377) Total Assets : ₹51.73 Mil (As of Mar. 2024)

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What is Afloat Enterprises Total Assets?

Afloat Enterprises's Total Assets for the quarter that ended in Mar. 2024 was ₹51.73 Mil.

Warning Sign:

If a company builds assets at 123.5% a year, faster than its revenue growth rate of 65.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Afloat Enterprises's average Total Assets Growth Rate was -4.90% per year. During the past 3 years, the average Total Assets Growth Rate was -3.30% per year. During the past 5 years, the average Total Assets Growth Rate was 123.50% per year.

During the past 6 years, Afloat Enterprises's highest 3-Year average Total Assets Growth Rate was 636.90%. The lowest was -16.20%. And the median was -3.30%.

Total Assets is connected with ROA %. Afloat Enterprises's annualized ROA % for the quarter that ended in Mar. 2024 was -3.80%. Total Assets is also linked to Revenue through Asset Turnover. Afloat Enterprises's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Afloat Enterprises Total Assets Historical Data

The historical data trend for Afloat Enterprises'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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Afloat Enterprises Total Assets Chart

Afloat Enterprises Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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93.57

63.31

53.71

54.46

51.73

Afloat Enterprises Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial				53.71	50.71	54.46	52.57	51.73

Afloat Enterprises 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.

Afloat Enterprises'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 )
	=	51.102	+	0.629
	=	51.73

Afloat Enterprises'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 )
	=	51.102	+	0.629
	=	51.73

Afloat Enterprises (BOM:543377) Total Assets Explanation

Total Assets is connected with ROA %.

Afloat Enterprises's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1.982	/	( (52.569	+	51.731)	/ 2 )
	=	-1.982	/	52.15
	=	-3.80 %

Note: The Net Income data used here is two times the semi-annual (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.

Afloat Enterprises's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (52.569	+	51.731)	/ 2 )
=	0	/	52.15
=	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.

Afloat Enterprises Total Assets Related Terms

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Afloat Enterprises (BOM:543377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Afloat Enterprises Ltd (BOM:543377) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aggarwal Plaza, Plot 3, Shop 325, DDA Community Centre, Sector-14, Rohini, New Delhi, IND, 110085

Website

https://www.adishaktiloha.com

Afloat Enterprises Ltd is engaged in the business of trading metals with its core focus on trading in Iron and Steel.

Afloat Enterprises (BOM:543377) Headlines

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