Singularity Future Technology (FRA:4GS) Total Assets : €17.64 Mil (As of Mar. 2024)

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What is Singularity Future Technology Total Assets?

Singularity Future Technology's Total Assets for the quarter that ended in Mar. 2024 was €17.64 Mil.

During the past 12 months, Singularity Future Technology's average Total Assets Growth Rate was 95.40% per year. During the past 3 years, the average Total Assets Growth Rate was -31.80% per year. During the past 5 years, the average Total Assets Growth Rate was -33.90% per year. During the past 10 years, the average Total Assets Growth Rate was -5.30% per year.

During the past 13 years, Singularity Future Technology's highest 3-Year average Total Assets Growth Rate was 46.90%. The lowest was -45.70%. And the median was 10.50%.

Total Assets is connected with ROA %. Singularity Future Technology's annualized ROA % for the quarter that ended in Mar. 2024 was -25.84%. Total Assets is also linked to Revenue through Asset Turnover. Singularity Future Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Singularity Future Technology Total Assets Historical Data

The historical data trend for Singularity Future Technology'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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Singularity Future Technology Total Assets Chart

Singularity Future Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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18.23

5.10

39.97

61.35

17.76

Singularity Future Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															22.41	17.76	10.82	9.42	17.64

Singularity Future Technology 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.

Singularity Future Technology's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	8.271	+	9.486
	=	17.76

Singularity Future Technology'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 )
	=	13.173	+	4.468
	=	17.64

Singularity Future Technology (FRA:4GS) Total Assets Explanation

Total Assets is connected with ROA %.

Singularity Future Technology'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 )
	=	-3.496	/	( (9.419	+	17.64)	/ 2 )
	=	-3.496	/	13.5295
	=	-25.84 %

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.

Singularity Future Technology'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 )
=	0.411	/	( (9.419	+	17.64)	/ 2 )
=	0.411	/	13.5295
=	0.03

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.

Singularity Future Technology Total Assets Related Terms

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Singularity Future Technology (FRA:4GS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singularity Future Technology Ltd (FRA:4GS) » Definitions » Total Assets

Comparable Companies

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SGLY:USA

Address

98 Cutter Mill Road, Suite 311, Great Neck, NY, USA, 11021

Website

https://www.singularity.us

Singularity Future Technology Ltd is an investment holding company. The company's operating segment includes Freight Logistics Services and Sale of Crypto-mining Machines. It generates maximum revenue from the Freight Logistics Services segment. Geographically, it derives a majority of its revenue from China.

Singularity Future Technology (FRA:4GS) Headlines

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