MY E.G.Services Bhd's Total Assets for the quarter that ended in Sep. 2023 was RM3,094.8 Mil.
Warning Sign:
If a company builds assets at 50.8% a year, faster than its revenue growth rate of 35.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, MY E.G.Services Bhd's average Total Assets Growth Rate was 26.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 49.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 50.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 41.00% per year.
During the past 13 years, MY E.G.Services Bhd's highest 3-Year average Total Assets Growth Rate was 57.90%. The lowest was 23.50%. And the median was 46.40%.
The historical data trend for MY E.G.Services Bhd'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.
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.
MY E.G.Services Bhd's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
MY E.G.Services Bhd (XKLS:0138) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
MY E.G.Services Bhd's Asset Turnover for the quarter that ended in Sep. 2023 is
* 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.
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.
MY E.G.Services Bhd Total Assets Related Terms
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MY E.G.Services Bhd (XKLS:0138) Business Description
MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.
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