Tipco Asphalt PCL (BKK:TASCO) Total Assets : ฿23,664 Mil (As of Dec. 2023)

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What is Tipco Asphalt PCL Total Assets?

Tipco Asphalt PCL's Total Assets for the quarter that ended in Dec. 2023 was ฿23,664 Mil.

During the past 12 months, Tipco Asphalt PCL's average Total Assets Growth Rate was -12.60% per year. During the past 3 years, the average Total Assets Growth Rate was 2.00% per year. During the past 5 years, the average Total Assets Growth Rate was -1.00% per year. During the past 10 years, the average Total Assets Growth Rate was 3.40% per year.

During the past 13 years, Tipco Asphalt PCL's highest 3-Year average Total Assets Growth Rate was 23.60%. The lowest was -4.70%. And the median was 8.60%.

Total Assets is connected with ROA %. Tipco Asphalt PCL's annualized ROA % for the quarter that ended in Dec. 2023 was 3.76%. Total Assets is also linked to Revenue through Asset Turnover. Tipco Asphalt PCL's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Tipco Asphalt PCL Total Assets Historical Data

The historical data trend for Tipco Asphalt PCL'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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Tipco Asphalt PCL Total Assets Chart

Tipco Asphalt PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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25,261.90

21,334.46

24,800.90

26,257.18

23,664.09

Tipco Asphalt PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															26,257.18	27,526.43	25,142.64	25,631.91	23,664.09

Tipco Asphalt PCL 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.

Tipco Asphalt PCL'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 )
	=	16902.069	+	6762.022
	=	23,664

Tipco Asphalt PCL'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 )
	=	16902.069	+	6762.022
	=	23,664

Tipco Asphalt PCL (BKK:TASCO) Total Assets Explanation

Total Assets is connected with ROA %.

Tipco Asphalt PCL's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	926.524	/	( (25631.908	+	23664.091)	/ 2 )
	=	926.524	/	24647.9995
	=	3.76 %

Note: The Net Income data used here is four times the quarterly (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.

Tipco Asphalt PCL's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	6852.687	/	( (25631.908	+	23664.091)	/ 2 )
=	6852.687	/	24647.9995
=	0.28

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.

Tipco Asphalt PCL Total Assets Related Terms

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Tipco Asphalt PCL (BKK:TASCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tipco Asphalt PCL (BKK:TASCO) » Definitions » Total Assets

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TASCO-F:Thailand

Address

118/1 Rama 6 Road, Phayathai Sub district, Phayathai District, Bangkok, THA, 10400

Website

https://www.tipcoasphalt.com

Tipco Asphalt PCL operates in two segment based on types of products and services. The Group conducts manufacturing and trading of asphalt, petroleum oil products and asphalt concrete in both domestic and overseas markets. Whereas, the marine logistic business complements the manufacturing and trading of asphalt and petroleum oil products. The Group conducts construction service related to highway construction and road rehabilitation in Thailand. The company operates in Thailand and Overseas, majority of its revenue being from Overseas. The company generates majority revenue from Manufacturing and trading segment.

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