R M Drip & Sprinklers Systems (NSE:RMDRIP) Total Assets : ₹375.8 Mil (As of Sep. 2023)

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What is R M Drip & Sprinklers Systems Total Assets?

R M Drip & Sprinklers Systems's Total Assets for the quarter that ended in Sep. 2023 was ₹375.8 Mil.

During the past 12 months, R M Drip & Sprinklers Systems's average Total Assets Growth Rate was 30.10% per year. During the past 3 years, the average Total Assets Growth Rate was 1.70% per year. During the past 5 years, the average Total Assets Growth Rate was -0.20% per year. During the past 10 years, the average Total Assets Growth Rate was 32.70% per year.

During the past 11 years, R M Drip & Sprinklers Systems's highest 3-Year average Total Assets Growth Rate was 120.10%. The lowest was -3.80%. And the median was 24.00%.

Total Assets is connected with ROA %. R M Drip & Sprinklers Systems's annualized ROA % for the quarter that ended in Sep. 2023 was 3.47%. Total Assets is also linked to Revenue through Asset Turnover. R M Drip & Sprinklers Systems's Asset Turnover for the quarter that ended in Sep. 2023 was 0.25.

R M Drip & Sprinklers Systems Total Assets Historical Data

The historical data trend for R M Drip & Sprinklers Systems'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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R M Drip & Sprinklers Systems Total Assets Chart

R M Drip & Sprinklers Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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269.43

272.40

288.02

306.51

288.38

R M Drip & Sprinklers Systems Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial													-	306.51	290.62	288.38	375.82

R M Drip & Sprinklers Systems 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.

R M Drip & Sprinklers Systems'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 )
	=	127.356	+	161.02
	=	288.4

R M Drip & Sprinklers Systems'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 )
	=	248.658	+	127.157
	=	375.8

R M Drip & Sprinklers Systems (NSE:RMDRIP) Total Assets Explanation

Total Assets is connected with ROA %.

R M Drip & Sprinklers Systems'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 )
	=	11.536	/	( (288.376	+	375.815)	/ 2 )
	=	11.536	/	332.0955
	=	3.47 %

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.

R M Drip & Sprinklers Systems'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 )
=	83.443	/	( (288.376	+	375.815)	/ 2 )
=	83.443	/	332.0955
=	0.25

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.

R M Drip & Sprinklers Systems Total Assets Related Terms

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R M Drip & Sprinklers Systems (NSE:RMDRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » R M Drip & Sprinklers Systems Ltd (NSE:RMDRIP) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, MH, IND, 422113

Website

http://www.rmdrip.com

R M Drip & Sprinklers Systems Ltd designs manufacture and sell micro-irrigation equipment. The company's products are Drip Irrigation, Sprinkler Irrigation, Filters, among others. The Company also assists the farmers in designing and installation of its Sprinkler and Drip Irrigations systems according to their needs. The dealer network expands from Maharashtra, Madhya Pradesh, Gujarat, Karnataka and extended its market to Uttar Pradesh, Bihar and Jharkhand.

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