Tai Sin Electric (SGX:500) Total Assets : S$303.9 Mil (As of Dec. 2023)

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What is Tai Sin Electric Total Assets?

Tai Sin Electric's Total Assets for the quarter that ended in Dec. 2023 was S$303.9 Mil.

Warning Sign:

If a company builds assets at 6.2% a year, faster than its revenue growth rate of 3.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Tai Sin Electric's average Total Assets Growth Rate was -7.10% per year. During the past 3 years, the average Total Assets Growth Rate was 8.80% per year. During the past 5 years, the average Total Assets Growth Rate was 6.20% per year. During the past 10 years, the average Total Assets Growth Rate was 4.00% per year.

During the past 13 years, Tai Sin Electric's highest 3-Year average Total Assets Growth Rate was 19.10%. The lowest was -0.90%. And the median was 7.30%.

Total Assets is connected with ROA %. Tai Sin Electric's annualized ROA % for the quarter that ended in Dec. 2023 was 4.57%. Total Assets is also linked to Revenue through Asset Turnover. Tai Sin Electric's Asset Turnover for the quarter that ended in Dec. 2023 was 0.65.

Tai Sin Electric Total Assets Historical Data

The historical data trend for Tai Sin Electric'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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Tai Sin Electric Total Assets Chart

Tai Sin Electric Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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236.59

243.38

293.31

315.71

302.07

Tai Sin Electric Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															307.52	315.71	344.06	302.07	303.88

Tai Sin Electric 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.

Tai Sin Electric's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	206.755	+	95.316
	=	302.1

Tai Sin Electric's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	204.755	+	99.128
	=	303.9

Tai Sin Electric (SGX:500) Total Assets Explanation

Total Assets is connected with ROA %.

Tai Sin Electric's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	13.836	/	( (302.071	+	303.883)	/ 2 )
	=	13.836	/	302.977
	=	4.57 %

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

Tai Sin Electric's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	195.745	/	( (302.071	+	303.883)	/ 2 )
=	195.745	/	302.977
=	0.65

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.

Tai Sin Electric Total Assets Related Terms

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Tai Sin Electric (SGX:500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tai Sin Electric Ltd (SGX:500) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

24 Gul Crescent, Jurong Town, Singapore, SGP, 629531

Website

http://www.taisinelectric.com

Tai Sin Electric Ltd is engaged in the manufacturing and distribution of cable and wire products. The company's business segments are Cable and Wire, Electrical Material Distribution, Switchboard and Test and Inspection, with maximum revenue from the Cable and wire segment. The products of the company include fire-resistant cables, molded circuit breakers, safety sensors and personal protection equipment.

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