Spindex Industries (SGX:564) Total Assets : S$205.9 Mil (As of Dec. 2023)

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What is Spindex Industries Total Assets?

Spindex Industries's Total Assets for the quarter that ended in Dec. 2023 was S$205.9 Mil.

Warning Sign:

If a company builds assets at 9.1% a year, faster than its revenue growth rate of 6.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Spindex Industries's average Total Assets Growth Rate was -8.50% per year. During the past 3 years, the average Total Assets Growth Rate was 11.20% per year. During the past 5 years, the average Total Assets Growth Rate was 9.10% per year. During the past 10 years, the average Total Assets Growth Rate was 10.00% per year.

During the past 13 years, Spindex Industries's highest 3-Year average Total Assets Growth Rate was 16.20%. The lowest was -3.10%. And the median was 6.30%.

Total Assets is connected with ROA %. Spindex Industries's annualized ROA % for the quarter that ended in Dec. 2023 was 6.17%. Total Assets is also linked to Revenue through Asset Turnover. Spindex Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.43.

Spindex Industries Total Assets Historical Data

The historical data trend for Spindex Industries'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.

* Premium members only.

Spindex Industries Total Assets Chart

Spindex Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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161.15

167.09

219.79

231.94

205.76

Spindex Industries 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															233.09	231.94	207.74	205.76	205.94

Spindex Industries 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.

Spindex Industries'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 )
	=	152.104	+	53.652
	=	205.8

Spindex Industries'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 )
	=	156.137	+	49.8
	=	205.9

Spindex Industries (SGX:564) Total Assets Explanation

Total Assets is connected with ROA %.

Spindex Industries'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 )
	=	12.694	/	( (205.756	+	205.937)	/ 2 )
	=	12.694	/	205.8465
	=	6.17 %

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.

Spindex Industries'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 )
=	88.191	/	( (205.756	+	205.937)	/ 2 )
=	88.191	/	205.8465
=	0.43

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.

Spindex Industries Total Assets Related Terms

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Spindex Industries (SGX:564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spindex Industries Ltd (SGX:564) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Boon Lay Way, No.10-03, 8 at TradeHub 21, Singapore, SGP, 609964

Website

https://www.spindex.com.sg

Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems and Others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of revenue from USA, Europe and others and also has a presence in Singapore; ASEAN and China.

Spindex Industries (SGX:564) Headlines

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