Comfort Gloves Bhd (XKLS:2127) Total Assets : RM946.8 Mil (As of Mar. 2024)

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What is Comfort Gloves Bhd Total Assets?

Comfort Gloves Bhd's Total Assets for the quarter that ended in Mar. 2024 was RM946.8 Mil.

During the past 12 months, Comfort Gloves Bhd's average Total Assets Growth Rate was -2.20% per year. During the past 3 years, the average Total Assets Growth Rate was 17.00% per year. During the past 5 years, the average Total Assets Growth Rate was 21.40% per year. During the past 10 years, the average Total Assets Growth Rate was 28.20% per year.

During the past 13 years, Comfort Gloves Bhd's highest 3-Year average Total Assets Growth Rate was 41.70%. The lowest was -20.80%. And the median was 17.00%.

Total Assets is connected with ROA %. Comfort Gloves Bhd's annualized ROA % for the quarter that ended in Mar. 2024 was -4.45%. Total Assets is also linked to Revenue through Asset Turnover. Comfort Gloves Bhd's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

Comfort Gloves Bhd Total Assets Historical Data

The historical data trend for Comfort Gloves Bhd'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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Comfort Gloves Bhd Total Assets Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Total Assets

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455.08

483.06

786.83

990.59

964.07

Comfort Gloves Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															970.59	962.68	942.01	964.07	946.77

Comfort Gloves Bhd 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.

Comfort Gloves Bhd'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 )
	=	869.705	+	94.366
	=	964.1

Comfort Gloves Bhd's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	859.077	+	87.695
	=	946.8

Comfort Gloves Bhd (XKLS:2127) Total Assets Explanation

Total Assets is connected with ROA %.

Comfort Gloves Bhd's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-42.508	/	( (964.071	+	946.772)	/ 2 )
	=	-42.508	/	955.4215
	=	-4.45 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Comfort Gloves Bhd's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	67.205	/	( (964.071	+	946.772)	/ 2 )
=	67.205	/	955.4215
=	0.07

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.

Comfort Gloves Bhd Total Assets Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » Total Assets

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Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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