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DTCK (Davis Commodities) Total Assets : $28.7 Mil (As of Jun. 2024)


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What is Davis Commodities Total Assets?

Davis Commodities's Total Assets for the quarter that ended in Jun. 2024 was $28.7 Mil.

During the past 12 months, Davis Commodities's average Total Assets Growth Rate was -9.50% per year. During the past 3 years, the average Total Assets Growth Rate was 61.40% per year.

During the past 4 years, Davis Commodities's highest 3-Year average Total Assets Growth Rate was 61.40%. The lowest was 61.40%. And the median was 61.40%.

Total Assets is connected with ROA %. Davis Commodities's annualized ROA % for the quarter that ended in Jun. 2024 was 9.11%. Total Assets is also linked to Revenue through Asset Turnover. Davis Commodities's Asset Turnover for the quarter that ended in Jun. 2024 was 2.28.

Davis Commodities Total Assets Historical Data

The historical data trend for Davis Commodities'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.

Davis Commodities Total Assets Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
12.65 24.66 17.90 29.88

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 20.11 17.90 32.74 29.88 28.71

Davis Commodities 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.

Davis Commodities'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 )
=10.258+19.62
=29.9

Davis Commodities's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=11.592+17.116
=28.7

* 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.

Davis Commodities  (NAS:DTCK) Total Assets Explanation

Total Assets is connected with ROA %.

Davis Commodities's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=2.668/( (29.878+28.708)/ 2 )
=2.668/29.293
=9.11 %

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

Davis Commodities's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=66.876/( (29.878+28.708)/ 2 )
=66.876/29.293
=2.28

* 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.

Davis Commodities Total Assets Related Terms

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Davis Commodities Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Total Assets
Comparable Companies
LOCL SISI PGFF SDOT GCEH EDBL AQB AGRI AAGR SHMP SZSE:002714 ADM TSN SZSE:300498 BG OSL:MOWI SFD OSL:SALM SZSE:000876 BKK:CPF
Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Website
https://www.daviscl.com
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services. The Company operates across four main segments: the sale of sugar, rice, oil and fat products, and others. Among these, the sale of sugar stands out as the primary revenue generator, contributing significantly to the company's overall income.