J-Long Group (J-Long Group) Total Assets : $20.61 Mil (As of Mar. 2023)

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What is J-Long Group Total Assets?

J-Long Group's Total Assets for the quarter that ended in Mar. 2023 was $20.61 Mil.

During the past 12 months, J-Long Group's average Total Assets Growth Rate was 25.40% per year.

Total Assets is connected with ROA %. J-Long Group's annualized ROA % for the quarter that ended in Mar. 2023 was 33.37%. Total Assets is also linked to Revenue through Asset Turnover. J-Long Group's Asset Turnover for the quarter that ended in Mar. 2023 was 1.92.

J-Long Group Total Assets Historical Data

The historical data trend for J-Long 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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J-Long Group Total Assets Chart

J-Long Group Annual Data

Trend

Mar21

Mar22

Mar23

Total Assets

15.62

19.29

20.61

J-Long Group Semi-Annual Data
	Mar21	Mar22	Mar23
Total Assets	15.62	19.29	20.61

J-Long 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.

J-Long Group's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	11.348	+	9.258
	=	20.61

J-Long Group's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	11.348	+	9.258
	=	20.61

J-Long Group (NAS:JL) Total Assets Explanation

Total Assets is connected with ROA %.

J-Long Group's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	6.656	/	( (19.291	+	20.606)	/ 2 )
	=	6.656	/	19.9485
	=	33.37 %

Note: The Net Income data used here is one times the annual (Mar. 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.

J-Long Group's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	38.292	/	( (19.291	+	20.606)	/ 2 )
=	38.292	/	19.9485
=	1.92

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.

J-Long Group Total Assets Related Terms

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J-Long Group (J-Long Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.j-long.com

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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