Raffles Financial Group (FRA:4VO) Total Assets : €26.57 Mil (As of Mar. 2021)

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What is Raffles Financial Group Total Assets?

Raffles Financial Group's Total Assets for the quarter that ended in Mar. 2021 was €26.57 Mil.

Total Assets is connected with ROA %. Raffles Financial Group's annualized ROA % for the quarter that ended in Mar. 2021 was 20.85%. Total Assets is also linked to Revenue through Asset Turnover. Raffles Financial Group's Asset Turnover for the quarter that ended in Mar. 2021 was 0.08.

Raffles Financial Group Total Assets Historical Data

The historical data trend for Raffles Financial Group'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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Raffles Financial Group Total Assets Chart

Raffles Financial Group Annual Data

Trend

Jun19

Total Assets

6.52

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Total Assets	Get a 7-Day Free Trial					4.45	22.13	22.36	21.78	26.57

Raffles Financial Group 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.

Raffles Financial Group's Total Assets for the fiscal year that ended in Jun. 2019 is calculated as

Total Assets	=	Total Equity (A: Jun. 2019 )	+	Total Liabilities (A: Jun. 2019 )
	=	0.429	+	6.092
	=	6.52

Raffles Financial Group's Total Assets for the quarter that ended in Mar. 2021 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2021 )	+	Total Liabilities (Q: Mar. 2021 )
	=	22.425	+	4.145
	=	26.57

Raffles Financial Group (FRA:4VO) Total Assets Explanation

Total Assets is connected with ROA %.

Raffles Financial Group's annualized ROA % for the quarter that ended in Mar. 2021 is

ROA %	=	Net Income (Q: Mar. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
	=	5.04	/	( (21.781	+	26.57)	/ 2 )
	=	5.04	/	24.1755
	=	20.85 %

Note: The Net Income data used here is four times the quarterly (Mar. 2021) 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.

Raffles Financial Group's Asset Turnover for the quarter that ended in Mar. 2021 is

	Asset Turnover
=	Revenue (Q: Mar. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
=	1.877	/	( (21.781	+	26.57)	/ 2 )
=	1.877	/	24.1755
=	0.08

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.

Raffles Financial Group Total Assets Related Terms

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Raffles Financial Group (FRA:4VO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (FRA:4VO) » Definitions » Total Assets

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (FRA:4VO) Headlines

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