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GLXG (Galaxy Payroll Group) Total Assets : $3.40 Mil (As of Jun. 2024)


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What is Galaxy Payroll Group Total Assets?

Galaxy Payroll Group's Total Assets for the quarter that ended in Jun. 2024 was $3.40 Mil.

During the past 12 months, Galaxy Payroll Group's average Total Assets Growth Rate was 14.00% per year. During the past 3 years, the average Total Assets Growth Rate was 15.50% per year.

During the past 4 years, Galaxy Payroll Group's highest 3-Year average Total Assets Growth Rate was 15.50%. The lowest was 15.50%. And the median was 15.50%.

Total Assets is connected with ROA %. Galaxy Payroll Group's annualized ROA % for the quarter that ended in Jun. 2024 was 28.05%. Total Assets is also linked to Revenue through Asset Turnover. Galaxy Payroll Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.63.

Galaxy Payroll Group Total Assets Historical Data

The historical data trend for Galaxy Payroll 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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Galaxy Payroll Group Total Assets Chart

Galaxy Payroll Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Total Assets
4.79 4.17 3.87 3.40

Galaxy Payroll Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 4.17 3.70 3.87 2.77 3.40

Galaxy Payroll 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.

Galaxy Payroll Group's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=0.829+2.575
=3.40

Galaxy Payroll Group'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 )
=0.829+2.575
=3.40

* 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.

Galaxy Payroll Group  (NAS:GLXG) Total Assets Explanation

Total Assets is connected with ROA %.

Galaxy Payroll Group'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 )
=0.866/( (2.77+3.404)/ 2 )
=0.866/3.087
=28.05 %

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.

Galaxy Payroll Group'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 )
=1.934/( (2.77+3.404)/ 2 )
=1.934/3.087
=0.63

* 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.

Galaxy Payroll Group Total Assets Related Terms

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Galaxy Payroll Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Galaxy Payroll Group Ltd (NAS:GLXG) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
77 Wing Lok Street, 25th Floor, Ovest, Sheung Wan, Hong Kong, HKG
Website
https://www.galaxy-hk.com
Galaxy Payroll Group Ltd provides payroll outsourcing, employment, consultancy, and market research services based in Hong Kong. Its client base includes retail, trading, industrial, IT, financial, and professional services industries. Geographically, the company derives maximum revenue from its clients in the People's Republic of China and the rest from Hong Kong, Macau, Taiwan, Japan, Thailand, Singapore, and other countries.