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RECT (Rectitude Holdings) Total Assets : $32.63 Mil (As of Sep. 2024)


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What is Rectitude Holdings Total Assets?

Rectitude Holdings's Total Assets for the quarter that ended in Sep. 2024 was $32.63 Mil.

During the past 12 months, Rectitude Holdings's average Total Assets Growth Rate was 51.90% per year.

Total Assets is connected with ROA %. Rectitude Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was 5.93%. Total Assets is also linked to Revenue through Asset Turnover. Rectitude Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.59.

Rectitude Holdings Total Assets Historical Data

The historical data trend for Rectitude Holdings'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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Rectitude Holdings Total Assets Chart

Rectitude Holdings Annual Data
Trend Mar22 Mar23 Mar24
Total Assets
18.59 21.41 25.52

Rectitude Holdings Semi-Annual Data
Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Total Assets Get a 7-Day Free Trial - 21.41 21.93 25.52 32.63

Rectitude Holdings 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.

Rectitude Holdings's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (A: Mar. 2024 )+Total Liabilities (A: Mar. 2024 )
=10.879+14.636
=25.52

Rectitude Holdings's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=17.997+14.63
=32.63

* 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.

Rectitude Holdings  (NAS:RECT) Total Assets Explanation

Total Assets is connected with ROA %.

Rectitude Holdings's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=1.724/( (25.516+32.627)/ 2 )
=1.724/29.0715
=5.93 %

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

Rectitude Holdings's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=17.056/( (25.516+32.627)/ 2 )
=17.056/29.0715
=0.59

* 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.

Rectitude Holdings Total Assets Related Terms

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Rectitude Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rectitude Holdings Ltd (NAS:RECT) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
No. 35 Tampines Industrial Avenue 5, T5 Tampines, Singapore, SGP, 528627
Website
https://www.rectitude.com.sg
Rectitude Holdings Ltd is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, hand gloves, safety footwear, and personal fall arrest systems (a system used to arrest an employee in a fall from a walking-working surface, usually consisting of a body harness, anchorage, and connector), portable fire extinguishers and traffic products such as rubber speed humps, wheel stops and wheel chocks.