Caravelle International Group (Caravelle International Group) Total Assets : $33.1 Mil (As of Apr. 2023)

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What is Caravelle International Group Total Assets?

Caravelle International Group's Total Assets for the quarter that ended in Apr. 2023 was $33.1 Mil.

During the past 12 months, Caravelle International Group's average Total Assets Growth Rate was -6.20% per year.

Total Assets is connected with ROA %. Caravelle International Group's annualized ROA % for the quarter that ended in Apr. 2023 was 4.30%. Total Assets is also linked to Revenue through Asset Turnover. Caravelle International Group's Asset Turnover for the quarter that ended in Apr. 2023 was 1.31.

Caravelle International Group Total Assets Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group Total Assets Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Total Assets

16.23

27.19

35.57

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Total Assets	Get a 7-Day Free Trial			-	27.19	47.35	35.57	33.10

Caravelle International Group 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.

Caravelle International Group's Total Assets for the fiscal year that ended in Oct. 2022 is calculated as

Total Assets	=	Total Equity (A: Oct. 2022 )	+	Total Liabilities (A: Oct. 2022 )
	=	10.024	+	25.547
	=	35.6

Caravelle International Group's Total Assets for the quarter that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (Q: Apr. 2023 )	+	Total Liabilities (Q: Apr. 2023 )
	=	9.374	+	23.721
	=	33.1

Caravelle International Group (NAS:CACO) Total Assets Explanation

Total Assets is connected with ROA %.

Caravelle International Group's annualized ROA % for the quarter that ended in Apr. 2023 is

ROA %	=	Net Income (Q: Apr. 2023 )	/	( (Total Assets (Q: Oct. 2022 )	+	Total Assets (Q: Apr. 2023 ))	/ count )
	=	1.476	/	( (35.571	+	33.095)	/ 2 )
	=	1.476	/	34.333
	=	4.30 %

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

Caravelle International Group's Asset Turnover for the quarter that ended in Apr. 2023 is

	Asset Turnover
=	Revenue (Q: Apr. 2023 )	/	( (Total Assets (Q: Oct. 2022 )	+	Total Assets (Q: Apr. 2023 ))	/ count )
=	45.102	/	( (35.571	+	33.095)	/ 2 )
=	45.102	/	34.333
=	1.31

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.

Caravelle International Group Total Assets Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.