Sheng Siong Group (SGX:OV8) Total Assets : S$830 Mil (As of Dec. 2023)

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What is Sheng Siong Group Total Assets?

Sheng Siong Group's Total Assets for the quarter that ended in Dec. 2023 was S$830 Mil.

During the past 12 months, Sheng Siong Group's average Total Assets Growth Rate was -0.80% per year. During the past 3 years, the average Total Assets Growth Rate was 4.90% per year. During the past 5 years, the average Total Assets Growth Rate was 6.80% per year. During the past 10 years, the average Total Assets Growth Rate was 12.20% per year.

During the past 13 years, Sheng Siong Group's highest 3-Year average Total Assets Growth Rate was 29.70%. The lowest was 3.70%. And the median was 13.00%.

Total Assets is connected with ROA %. Sheng Siong Group's annualized ROA % for the quarter that ended in Dec. 2023 was 17.19%. Total Assets is also linked to Revenue through Asset Turnover. Sheng Siong Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.85.

Sheng Siong Group Total Assets Historical Data

The historical data trend for Sheng Siong 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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Sheng Siong Group Total Assets Chart

Sheng Siong Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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532.76

692.06

739.02

785.12

830.19

Sheng Siong Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															739.02	700.77	785.12	758.62	830.19

Sheng Siong 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.

Sheng Siong Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	496.978	+	333.215
	=	830

Sheng Siong Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	496.978	+	333.215
	=	830

Sheng Siong Group (SGX:OV8) Total Assets Explanation

Total Assets is connected with ROA %.

Sheng Siong Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	136.574	/	( (758.622	+	830.193)	/ 2 )
	=	136.574	/	794.4075
	=	17.19 %

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

Sheng Siong Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	677.24	/	( (758.622	+	830.193)	/ 2 )
=	677.24	/	794.4075
=	0.85

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.

Sheng Siong Group Total Assets Related Terms

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Sheng Siong Group (SGX:OV8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sheng Siong Group Ltd (SGX:OV8) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Mandai Link, Singapore, SGP, 728652

Website

https://www.shengsiong.com.sg

Sheng Siong Group Ltd is a Singapore-based company that is principally engaged in the retail business. The company operates through the Sheng Siong Groceries chain, with stores located across Singapore. The company offers "wet and dry" merchandise, including fresh and chilled goods (such as seafood, meat, and vegetables), processed, frozen, and preserved food products; and general merchandise (like toiletries and essential household products). The company has its own distribution network, food-processing facilities, and warehousing facilities. The Group operates in one segment which relates to the provision of supermarket supplies and supermarket operations. The Group's operations are mainly located in Singapore.

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