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Primech Holdings (Primech Holdings) Total Assets : $39.28 Mil (As of Sep. 2023)


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What is Primech Holdings Total Assets?

Primech Holdings's Total Assets for the quarter that ended in Sep. 2023 was $39.28 Mil.

During the past 12 months, Primech Holdings's average Total Assets Growth Rate was -7.50% per year. During the past 3 years, the average Total Assets Growth Rate was 19.30% per year.

During the past 4 years, Primech Holdings's highest 3-Year average Total Assets Growth Rate was 19.30%. The lowest was 19.30%. And the median was 19.30%.

Total Assets is connected with ROA %. Primech Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 1.09%. Total Assets is also linked to Revenue through Asset Turnover. Primech Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.86.

Primech Holdings Total Assets Historical Data

The historical data trend for Primech Holdings'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.

* Premium members only.

Primech Holdings Total Assets Chart

Primech Holdings Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Total Assets
22.85 28.95 33.20 42.82

Primech Holdings Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Total Assets Get a 7-Day Free Trial 36.47 33.20 37.31 42.82 39.28

Primech Holdings 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.

Primech Holdings'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 )
=8.833+33.99
=42.82

Primech Holdings'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 )
=8.779+30.502
=39.28

* 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.

Primech Holdings  (NAS:PMEC) Total Assets Explanation

Total Assets is connected with ROA %.

Primech Holdings'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 )
=0.448/( (42.823+39.281)/ 2 )
=0.448/41.052
=1.09 %

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.

Primech Holdings'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 )
=35.161/( (42.823+39.281)/ 2 )
=35.161/41.052
=0.86

* 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.

Primech Holdings Total Assets Related Terms

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Primech Holdings (Primech Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Total Assets
Comparable Companies
SST ARC SPIR OMEX NTIP SFRX TISI LICN PFMT PFSW LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA
Traded in Other Exchanges
N/A
Address
23 Ubi Crescent, Singapore, SGP, 408579
Website
https://www.primechholdings.com
Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

From GuruFocus

PRIMECH HOLDINGS LTD. Announces Pricing of US12.2 Million Initial Public Offering

By GlobeNewswire • 10-10-2023

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