Rite Zone Chemcon India (NSE:RITEZONE) Total Assets : ₹185.3 Mil (As of Sep. 2023)

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What is Rite Zone Chemcon India Total Assets?

Rite Zone Chemcon India's Total Assets for the quarter that ended in Sep. 2023 was ₹185.3 Mil.

During the past 12 months, Rite Zone Chemcon India's average Total Assets Growth Rate was 30.30% per year. During the past 3 years, the average Total Assets Growth Rate was 33.60% per year.

During the past 4 years, Rite Zone Chemcon India's highest 3-Year average Total Assets Growth Rate was 33.60%. The lowest was 33.60%. And the median was 33.60%.

Total Assets is connected with ROA %. Rite Zone Chemcon India's annualized ROA % for the quarter that ended in Sep. 2023 was 4.20%. Total Assets is also linked to Revenue through Asset Turnover. Rite Zone Chemcon India's Asset Turnover for the quarter that ended in Sep. 2023 was 0.57.

Rite Zone Chemcon India Total Assets Historical Data

The historical data trend for Rite Zone Chemcon India'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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Rite Zone Chemcon India Total Assets Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Assets

66.68

67.79

112.37

191.93

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial			67.79	112.37	124.09	191.93	185.29

Rite Zone Chemcon India 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.

Rite Zone Chemcon India's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	130.594	+	61.339
	=	191.9

Rite Zone Chemcon India's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	134.557	+	50.737
	=	185.3

Rite Zone Chemcon India (NSE:RITEZONE) Total Assets Explanation

Total Assets is connected with ROA %.

Rite Zone Chemcon India's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	7.926	/	( (191.933	+	185.294)	/ 2 )
	=	7.926	/	188.6135
	=	4.20 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) 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.

Rite Zone Chemcon India's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	108.064	/	( (191.933	+	185.294)	/ 2 )
=	108.064	/	188.6135
=	0.57

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.

Rite Zone Chemcon India Total Assets Related Terms

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Rite Zone Chemcon India (NSE:RITEZONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rite Zone Chemcon India Ltd (NSE:RITEZONE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Row House 11, Beverly Park, Row House co-operative housing society Ltd, Mira Road, Thane, MH, IND, 401107

Website

http://www.ritezone.in

Rite Zone Chemcon India Ltd deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building and structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

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