Zaggle Prepaid Ocean Services (BOM:543985) Total Assets : ₹6,961 Mil (As of Mar. 2024)

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What is Zaggle Prepaid Ocean Services Total Assets?

Zaggle Prepaid Ocean Services's Total Assets for the quarter that ended in Mar. 2024 was ₹6,961 Mil.

During the past 12 months, Zaggle Prepaid Ocean Services's average Total Assets Growth Rate was 93.20% per year. During the past 3 years, the average Total Assets Growth Rate was 91.00% per year.

During the past 5 years, Zaggle Prepaid Ocean Services's highest 3-Year average Total Assets Growth Rate was 91.00%. The lowest was 70.80%. And the median was 80.90%.

Total Assets is connected with ROA %. Zaggle Prepaid Ocean Services's annualized ROA % for the quarter that ended in Mar. 2024 was 11.01%. Total Assets is also linked to Revenue through Asset Turnover. Zaggle Prepaid Ocean Services's Asset Turnover for the quarter that ended in Mar. 2024 was 0.39.

Zaggle Prepaid Ocean Services Total Assets Historical Data

The historical data trend for Zaggle Prepaid Ocean 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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Zaggle Prepaid Ocean Services Total Assets Chart

Zaggle Prepaid Ocean Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

490.10

620.80

926.53

2,347.59

6,961.36

Zaggle Prepaid Ocean Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial				-	2,347.59	6,523.66	-	6,961.36

Zaggle Prepaid Ocean 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.

Zaggle Prepaid Ocean 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 )
	=	5753.82	+	1207.54
	=	6,961

Zaggle Prepaid Ocean 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 )
	=	5753.82	+	1207.54
	=	6,961

Zaggle Prepaid Ocean Services (BOM:543985) Total Assets Explanation

Total Assets is connected with ROA %.

Zaggle Prepaid Ocean 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 )
	=	766.28	/	( (0	+	6961.36)	/ 1 )
	=	766.28	/	6961.36
	=	11.01 %

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.

Zaggle Prepaid Ocean 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 )
=	2733.71	/	( (0	+	6961.36)	/ 1 )
=	2733.71	/	6961.36
=	0.39

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.

Zaggle Prepaid Ocean Services Total Assets Related Terms

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Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zaggle Prepaid Ocean Services Ltd (BOM:543985) » Definitions » Total Assets

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Traded in Other Exchanges

ZAGGLE:India

Address

Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072

Website

https://www.zaggle.in

Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

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