Second Chance Properties (SGX:528) Total Assets : S$357.42 Mil (As of Feb. 2024)

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What is Second Chance Properties Total Assets?

Second Chance Properties's Total Assets for the quarter that ended in Feb. 2024 was S$357.42 Mil.

Warning Sign:

If a company builds assets at 10.1% a year, faster than its revenue growth rate of 4.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Second Chance Properties's average Total Assets Growth Rate was -3.40% per year. During the past 3 years, the average Total Assets Growth Rate was 11.80% per year. During the past 5 years, the average Total Assets Growth Rate was 10.10% per year. During the past 10 years, the average Total Assets Growth Rate was 2.50% per year.

During the past 13 years, Second Chance Properties's highest 3-Year average Total Assets Growth Rate was 25.00%. The lowest was -4.60%. And the median was 12.35%.

Total Assets is connected with ROA %. Second Chance Properties's annualized ROA % for the quarter that ended in Feb. 2024 was 2.37%. Total Assets is also linked to Revenue through Asset Turnover. Second Chance Properties's Asset Turnover for the quarter that ended in Feb. 2024 was 0.04.

Second Chance Properties Total Assets Historical Data

The historical data trend for Second Chance Properties'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.

Second Chance Properties Total Assets Chart

Second Chance Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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288.28

283.44

401.80

402.59

378.00

Second Chance Properties Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Total Assets	Get a 7-Day Free Trial															412.84	402.59	368.76	378.00	357.42

Second Chance Properties 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.

Second Chance Properties's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	283.285	+	94.715
	=	378.00

Second Chance Properties's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	279.812	+	77.603
	=	357.42

Second Chance Properties (SGX:528) Total Assets Explanation

Total Assets is connected with ROA %.

Second Chance Properties's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	8.698	/	( (378	+	357.415)	/ 2 )
	=	8.698	/	367.7075
	=	2.37 %

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

Second Chance Properties's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	13.296	/	( (378	+	357.415)	/ 2 )
=	13.296	/	367.7075
=	0.04

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.

Second Chance Properties Total Assets Related Terms

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Second Chance Properties (SGX:528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Second Chance Properties Ltd (SGX:528) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 07-20 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.secondchance.com.sg

Second Chance Properties Ltd is a Singapore-based investment holding company, retailing of readymade garments, holding of property as investment for rental income and investing in securities. The company operates in four segments: Wearing apparel; Gold & jewelry, which is the key revenue generator; Investment dealing; and Property rental. Its geographical segments include Singapore and Malaysia, of which the vast majority of the revenue comes from Singapore.

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