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GLG (ASX:GLE) Total Assets : A$151.2 Mil (As of Jun. 2024)


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What is GLG Total Assets?

GLG's Total Assets for the quarter that ended in Jun. 2024 was A$151.2 Mil.

During the past 12 months, GLG's average Total Assets Growth Rate was -6.60% per year. During the past 3 years, the average Total Assets Growth Rate was -7.60% per year. During the past 5 years, the average Total Assets Growth Rate was -10.40% per year. During the past 10 years, the average Total Assets Growth Rate was 3.70% per year.

During the past 13 years, GLG's highest 3-Year average Total Assets Growth Rate was 29.00%. The lowest was -10.30%. And the median was 15.40%.

Total Assets is connected with ROA %. GLG's annualized ROA % for the quarter that ended in Jun. 2024 was -3.18%. Total Assets is also linked to Revenue through Asset Turnover. GLG's Asset Turnover for the quarter that ended in Jun. 2024 was 0.48.

GLG Total Assets Historical Data

The historical data trend for GLG'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.

* Premium members only.

GLG Total Assets Chart

GLG Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 208.68 197.68 209.24 171.09 151.18

GLG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 209.24 164.21 171.09 157.06 151.18

GLG 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.

GLG's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=77.747+73.436
=151.2

GLG's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=77.747+73.436
=151.2

* 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.

GLG  (ASX:GLE) Total Assets Explanation

Total Assets is connected with ROA %.

GLG's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-4.898/( (157.055+151.183)/ 2 )
=-4.898/154.119
=-3.18 %

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

GLG's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=74.61/( (157.055+151.183)/ 2 )
=74.61/154.119
=0.48

* 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.

GLG Total Assets Related Terms

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GLG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GLG Corp Ltd (ASX:GLE) » Definitions » Total Assets
Comparable Companies
ASX:MNC OSTO:HM B RL MIL:MONC TSX:GIL VFC WAR:LPP LEVI HKSE:03998 BOM:532827 PVH KTB SHSE:600177 COLM TPE:1476 BOM:543463 UAA SHSE:600398 NSE:ABFRL HBI
Traded in Other Exchanges
N/A
Address
15, Harvey Road, Singapore, SGP, 369930
Website
https://www.ghimli.com
GLG Corp Ltd is a supplier of knitwear or apparel and supply chain management solutions. The company's operating segments are fabric, which manufactures and wholesales fabric, and garments, which manufactures and wholesale garments. The garment segment contributes the majority of revenue. The products offered by the group include ready-to-wear, casual active, sleepwear, menswear, and childrenswear.