Guan Chong Bhd's Total Assets for the quarter that ended in Mar. 2024 was RM6,148 Mil.
Warning Sign:
If a company builds assets at 24.5% a year, faster than its revenue growth rate of 13.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Guan Chong Bhd's average Total Assets Growth Rate was 56.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 25.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.60% per year.
During the past 13 years, Guan Chong Bhd's highest 3-Year average Total Assets Growth Rate was 46.80%. The lowest was -1.50%. And the median was 21.50%.
The historical data trend for Guan Chong 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.
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.
Guan Chong Bhd's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Guan Chong Bhd (XKLS:5102) Total Assets Explanation
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.
Guan Chong Bhd's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Guan Chong Bhd Total Assets Related Terms
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Guan Chong Bhd is engaged in investment holding, manufacturing, distributing and trading in Cocoa butter, Cocoa Cake, Cocoa powder and Cocoa-derived food ingredients. Geographically, the Group operates in Malaysia, Singapore, Indonesia and Germany of which key revenue is derived from Singapore.
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