South Ocean Holdings (JSE:SOH) Total Assets : R1,086 Mil (As of Dec. 2023)

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What is South Ocean Holdings Total Assets?

South Ocean Holdings's Total Assets for the quarter that ended in Dec. 2023 was R1,086 Mil.

During the past 12 months, South Ocean Holdings's average Total Assets Growth Rate was 33.30% per year. During the past 3 years, the average Total Assets Growth Rate was 14.10% per year. During the past 5 years, the average Total Assets Growth Rate was 3.00% per year. During the past 10 years, the average Total Assets Growth Rate was -2.30% per year.

During the past 13 years, South Ocean Holdings's highest 3-Year average Total Assets Growth Rate was 53.90%. The lowest was -10.00%. And the median was -0.20%.

Total Assets is connected with ROA %. South Ocean Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 6.94%. Total Assets is also linked to Revenue through Asset Turnover. South Ocean Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.98.

South Ocean Holdings Total Assets Historical Data

The historical data trend for South Ocean Holdings'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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South Ocean Holdings Total Assets Chart

South Ocean Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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705.80

694.35

755.46

885.47

1,085.84

South Ocean Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															755.46	904.71	885.47	1,220.73	1,085.84

South Ocean Holdings 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.

South Ocean Holdings'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 )
	=	670.43	+	415.409
	=	1,086

South Ocean Holdings's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	670.43	+	415.409
	=	1,086

South Ocean Holdings (JSE:SOH) Total Assets Explanation

Total Assets is connected with ROA %.

South Ocean Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	80.082	/	( (1220.73	+	1085.839)	/ 2 )
	=	80.082	/	1153.2845
	=	6.94 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) 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.

South Ocean Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1125.183	/	( (1220.73	+	1085.839)	/ 2 )
=	1125.183	/	1153.2845
=	0.98

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.

South Ocean Holdings Total Assets Related Terms

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South Ocean Holdings (JSE:SOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » South Ocean Holdings Ltd (JSE:SOH) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

16 Botha Street, Alrode, ZAF, 1451

Website

https://southoceanholdings.co.za

South Ocean Holdings Ltd is an investment holding company. The Company through its subsidiaries manufactures electrical wires, imports and distributes electrical accessories, general-purpose insulated wire, a range of flexible conductors, steel wire armored cables, flat-twin and earth cables, aluminum conductor steel reinforced (ACSR) cables, aerial bundle conductors (ABC) and surface wire investment company and light fittings assembly. The operating segments of the company include Electrical cable manufacturing and Property investments. The company earns maximum revenue by selling Copper cables The group operates in South Africa.

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