FGI Industries (FGI Industries) Total Assets : $68.6 Mil (As of Mar. 2024)

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What is FGI Industries Total Assets?

FGI Industries's Total Assets for the quarter that ended in Mar. 2024 was $68.6 Mil.

During the past 12 months, FGI Industries's average Total Assets Growth Rate was 27.30% per year. During the past 3 years, the average Total Assets Growth Rate was 12.10% per year.

During the past 5 years, FGI Industries's highest 3-Year average Total Assets Growth Rate was 12.10%. The lowest was 10.70%. And the median was 11.40%.

Total Assets is connected with ROA %. FGI Industries's annualized ROA % for the quarter that ended in Mar. 2024 was -2.45%. Total Assets is also linked to Revenue through Asset Turnover. FGI Industries's Asset Turnover for the quarter that ended in Mar. 2024 was 0.46.

FGI Industries Total Assets Historical Data

The historical data trend for FGI Industries'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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FGI Industries Total Assets Chart

FGI Industries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

39.52

45.15

69.15

60.37

65.75

FGI Industries Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											58.71	64.46	66.95	65.75	68.64

FGI Industries 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.

FGI Industries'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 )
	=	24.027	+	41.718
	=	65.7

FGI Industries's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	23.586	+	45.049
	=	68.6

FGI Industries (NAS:FGI) Total Assets Explanation

Total Assets is connected with ROA %.

FGI Industries's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1.648	/	( (65.745	+	68.635)	/ 2 )
	=	-1.648	/	67.19
	=	-2.45 %

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

FGI Industries's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	30.754	/	( (65.745	+	68.635)	/ 2 )
=	30.754	/	67.19
=	0.46

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.

FGI Industries Total Assets Related Terms

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FGI Industries (FGI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FGI Industries Ltd (NAS:FGI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

906 Murray Road, East Hanover, NJ, USA, 07869

Website

https://www.fgi-industries.com

FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.

Executives

Todd M. Heysse	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen	director, officer: Executive Chairman	906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce	director, officer: Chief Executive Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl	officer: Executive VP, Canada	906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin	officer: Chief Financial Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz	officer: Executive VP, United States	906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd	10 percent owner	906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke	officer: Executive VP, Europe	906 MURRAY ROAD, EAST HANOVER NJ 07869