Safko Spinning Mills (DHA:SAFKOSPINN) Total Assets : BDT1,796.2 Mil (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Safko Spinning Mills Total Assets?

Safko Spinning Mills's Total Assets for the quarter that ended in Dec. 2023 was BDT1,796.2 Mil.

During the past 12 months, Safko Spinning Mills's average Total Assets Growth Rate was -10.40% per year. During the past 3 years, the average Total Assets Growth Rate was 0.20% per year. During the past 5 years, the average Total Assets Growth Rate was 7.30% per year.

During the past 13 years, Safko Spinning Mills's highest 3-Year average Total Assets Growth Rate was 32.30%. The lowest was 0.20%. And the median was 13.30%.

Total Assets is connected with ROA %. Safko Spinning Mills's annualized ROA % for the quarter that ended in Dec. 2023 was -16.73%. Total Assets is also linked to Revenue through Asset Turnover. Safko Spinning Mills's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Safko Spinning Mills Total Assets Historical Data

The historical data trend for Safko Spinning Mills'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.

Safko Spinning Mills Total Assets Chart

Safko Spinning Mills Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

Get a 7-Day Free Trial

1,655.91

1,971.87

2,024.31

2,048.07

1,987.38

Safko Spinning Mills 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															2,019.26	2,045.31	1,987.38	1,875.21	1,796.20

Safko Spinning Mills 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.

Safko Spinning Mills'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 )
	=	478.03	+	1509.344
	=	1,987.4

Safko Spinning Mills'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 )
	=	254.753	+	1541.446
	=	1,796.2

Safko Spinning Mills (DHA:SAFKOSPINN) Total Assets Explanation

Total Assets is connected with ROA %.

Safko Spinning Mills'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 )
	=	-307.056	/	( (1875.207	+	1796.199)	/ 2 )
	=	-307.056	/	1835.703
	=	-16.73 %

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.

Safko Spinning Mills'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 )
=	11.228	/	( (1875.207	+	1796.199)	/ 2 )
=	11.228	/	1835.703
=	0.01

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.

Safko Spinning Mills Total Assets Related Terms

Thank you for viewing the detailed overview of Safko Spinning Mills's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Safko Spinning Mills (DHA:SAFKOSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Safko Spinning Mills Ltd (DHA:SAFKOSPINN) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

House No. 10, Road No. 1, Bloack B (6th Floor), Niketon, Gulshan, Dhaka, BGD, 1212

Website

https://www.saiham-safko.com

Safko Spinning Mills Ltd is Bangladesh based company engages in producing various type of yarn. The company's business operation is involved in manufacturing cotton yarn, polyester, cotton blended yarn, synthetic yarn, and other yarns for sale and export purposes. It produces cotton and polyester yarns for the domestic and export market.

Safko Spinning Mills (DHA:SAFKOSPINN) Headlines

No Headlines