Garware Hi-Tech Films's Total Assets for the quarter that ended in Mar. 2024 was ₹23,237 Mil.
During the past 12 months, Garware Hi-Tech Films's average Total Assets Growth Rate was 5.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 5.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.10% per year.
During the past 13 years, Garware Hi-Tech Films's highest 3-Year average Total Assets Growth Rate was 21.40%. The lowest was -6.30%. And the median was 7.20%.
Garware Hi-Tech Films Total Assets Historical Data
The historical data trend for Garware Hi-Tech Films'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.
Garware Hi-Tech Films'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.
Garware Hi-Tech Films (NSE:GRWRHITECH) Total Assets Explanation
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.
Garware Hi-Tech Films'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.
Garware Hi-Tech Films Total Assets Related Terms
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Garware Hi-Tech Films (NSE:GRWRHITECH) Business Description
Garware Hi-Tech Films Ltd is engaged in the business of manufacturing of Polyester Films. Geographically, it derives a majority of revenue from India. The company manufactures Bi-axially Oriented Polyethylene Terephthalate (BOPET)/Polyester Films, Sun Control Films, Thermal Lamination Films, and Specialty Polyester Films. It also manufactures premium grade heat rejection films based on the latest IR Rejection Technology. These products are used in packaging, electrical and motor and cable insulations, shrink film for label application, colored polyester films for window tint application, sequin, and safety. Geographically, it derives a majority of revenue from the Rest of the world.
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