Singer Sri Lanka's Total Assets for the quarter that ended in Mar. 2024 was රු93,842 Mil.
Warning Sign:
If a company builds assets at 7.9% a year, faster than its revenue growth rate of 2.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Singer Sri Lanka's average Total Assets Growth Rate was 19.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.90% per year.
During the past 13 years, Singer Sri Lanka's highest 3-Year average Total Assets Growth Rate was 29.80%. The lowest was 3.40%. And the median was 16.75%.
The historical data trend for Singer Sri Lanka'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.
Singer Sri Lanka's Total Assets for the fiscal year that ended in Mar. 2024 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.
Singer Sri Lanka (COL:SINS.N0000) 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.
Singer Sri Lanka'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.
Singer Sri Lanka Total Assets Related Terms
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Singer Sri Lanka (COL:SINS.N0000) Business Description
Singer Sri Lanka PLC is a Sri Lanka based appliance retailer. It is engaged in marketing of household electrical products. It operates in seven segments including Consumer Electronics that offers televisions, audios and other electronic products. Financial Services segment offers leasing, hire purchase and loans. Furniture segment offers wood and layered furniture, sofa sets, steel furniture, and mattress. Home Appliances offer refrigerators, washing machines, deep freezers. Digital Products include laptops and smartphones. Sewing segment offers domestic and industrial sewing machines and general merchandise Other segment offers motorbikes, bicycles, water pumps, paddy threshers, and tractors. The company generates maximum revenue from the Home Appliances segment.
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