Sumeet Industries Limited
Sumeet Industries Limited engages in the manufacture and sale of yarns in India. The company provides pet chips, polyester and textile grade chips, as well as partially oriented, fully draw, polyester texturized, micro filament, carpet, bright, and dope dyed black yarns. It exports its products to Egypt, Saudi Arabia, China, Argentina, Poland, Portugal, Morocco, Columbia, Bangladesh, Russia, Ethi… Read more
Sumeet Industries Limited (SUMEETINDS) - Total Assets
Latest total assets as of March 2024: ₹4.28 Billion INR
Based on the latest financial reports, Sumeet Industries Limited (SUMEETINDS) holds total assets worth ₹4.28 Billion INR as of March 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Sumeet Industries Limited - Total Assets Trend (2007–2024)
This chart illustrates how Sumeet Industries Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sumeet Industries Limited - Asset Composition Analysis
Current Asset Composition (March 2024)
Sumeet Industries Limited's total assets of ₹4.28 Billion consist of 58.8% current assets and 41.2% non-current assets.
| Asset Category | Amount (INR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | ₹0.00 | 4.9% |
| Accounts Receivable | ₹820.21 Million | 19.2% |
| Inventory | ₹1.03 Billion | 24.0% |
| Property, Plant & Equipment | ₹0.00 | 0.0% |
| Intangible Assets | ₹50.00K | 0.0% |
| Goodwill | ₹0.00 | 0.0% |
Asset Composition Trend (2007–2024)
This chart illustrates how Sumeet Industries Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Sumeet Industries Limited's current assets represent 58.8% of total assets in 2024, an increase from 45.6% in 2007.
- Cash Position: Cash and equivalents constituted 4.9% of total assets in 2024, up from 0.3% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is inventory at 24.0% of total assets.
Sumeet Industries Limited Competitors by Total Assets
Key competitors of Sumeet Industries Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Wisher Industrial Co Ltd
TW:1465
|
Taiwan | NT$1.71 Billion |
|
Kyungbangco.Ltd
KO:000050
|
Korea | ₩1.23 Trillion |
|
Shijiazhuang Changshan Textile Co Ltd
SHE:000158
|
China | CN¥17.37 Billion |
|
Jilin Chemical Fibre Co Ltd
SHE:000420
|
China | CN¥13.70 Billion |
|
Anhui Huamao Textile Co Ltd
SHE:000850
|
China | CN¥7.35 Billion |
|
Xinxiang Chemical Fiber Co Ltd
SHE:000949
|
China | CN¥13.36 Billion |
|
Chonbang
KO:000950
|
Korea | ₩236.79 Billion |
|
Xinlong Holding Group Co Ltd
SHE:000955
|
China | CN¥857.96 Million |
Sumeet Industries Limited - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Sumeet Industries Limited generates 2.30x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Sumeet Industries Limited is currently not profitable relative to its asset base.
Sumeet Industries Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.47 | 0.52 | 0.82 |
| Quick Ratio | 0.28 | 0.31 | 0.51 |
| Cash Ratio | 0.00 | 0.01 | 0.00 |
| Working Capital | ₹-2.79 Billion | ₹ -2.38 Billion | ₹ -997.55 Million |
Sumeet Industries Limited - Advanced Valuation Insights
This section examines the relationship between Sumeet Industries Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.25 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -6.0% |
| Total Assets | ₹4.28 Billion |
| Market Capitalization | $4.94 Million USD |
Valuation Analysis
Below Book Valuation: The market values Sumeet Industries Limited's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Sumeet Industries Limited's assets decreased by 6.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Sumeet Industries Limited (2007–2024)
The table below shows the annual total assets of Sumeet Industries Limited from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-03-31 | ₹4.28 Billion | -5.97% |
| 2023-03-31 | ₹4.55 Billion | -23.77% |
| 2022-03-31 | ₹5.97 Billion | -4.54% |
| 2021-03-31 | ₹6.25 Billion | -16.11% |
| 2020-03-31 | ₹7.45 Billion | -7.96% |
| 2019-03-31 | ₹8.10 Billion | -21.54% |
| 2018-03-31 | ₹10.32 Billion | +4.18% |
| 2017-03-31 | ₹9.91 Billion | -2.23% |
| 2016-03-31 | ₹10.13 Billion | +4.07% |
| 2015-03-31 | ₹9.73 Billion | +8.14% |
| 2014-03-31 | ₹9.00 Billion | +15.16% |
| 2013-03-31 | ₹7.82 Billion | +24.87% |
| 2012-03-31 | ₹6.26 Billion | +55.24% |
| 2011-03-31 | ₹4.03 Billion | +12.18% |
| 2010-03-31 | ₹3.59 Billion | +68.02% |
| 2009-03-31 | ₹2.14 Billion | +120.94% |
| 2008-03-31 | ₹968.37 Million | +17.83% |
| 2007-03-31 | ₹821.84 Million | -- |