Grand Banks Yachts (SGX:G50) Total Assets : S$138.1 Mil (As of Dec. 2023)

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What is Grand Banks Yachts Total Assets?

Grand Banks Yachts's Total Assets for the quarter that ended in Dec. 2023 was S$138.1 Mil.

During the past 12 months, Grand Banks Yachts's average Total Assets Growth Rate was 25.70% per year. During the past 3 years, the average Total Assets Growth Rate was 4.10% per year. During the past 5 years, the average Total Assets Growth Rate was 0.60% per year. During the past 10 years, the average Total Assets Growth Rate was 10.50% per year.

During the past 13 years, Grand Banks Yachts's highest 3-Year average Total Assets Growth Rate was 23.50%. The lowest was -20.30%. And the median was -3.40%.

Total Assets is connected with ROA %. Grand Banks Yachts's annualized ROA % for the quarter that ended in Dec. 2023 was 10.36%. Total Assets is also linked to Revenue through Asset Turnover. Grand Banks Yachts's Asset Turnover for the quarter that ended in Dec. 2023 was 0.49.

Grand Banks Yachts Total Assets Historical Data

The historical data trend for Grand Banks Yachts'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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Grand Banks Yachts Total Assets Chart

Grand Banks Yachts Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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93.62

89.16

107.43

112.99

129.48

Grand Banks Yachts 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															109.33	112.99	115.43	129.48	138.11

Grand Banks Yachts 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.

Grand Banks Yachts'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 )
	=	69.123	+	60.358
	=	129.5

Grand Banks Yachts'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 )
	=	73.427	+	64.685
	=	138.1

Grand Banks Yachts (SGX:G50) Total Assets Explanation

Total Assets is connected with ROA %.

Grand Banks Yachts'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 )
	=	13.856	/	( (129.481	+	138.112)	/ 2 )
	=	13.856	/	133.7965
	=	10.36 %

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.

Grand Banks Yachts'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 )
=	65.007	/	( (129.481	+	138.112)	/ 2 )
=	65.007	/	133.7965
=	0.49

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.

Grand Banks Yachts Total Assets Related Terms

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Grand Banks Yachts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grand Banks Yachts Ltd (SGX:G50) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

21 Bukit Batok Crescent, No. 06-74, Wcega Tower, Singapore, SGP, 658065

Website

https://www.grandbanks.com

Grand Banks Yachts Ltd along with its subsidiaries is an investment holding company that is involved in manufacturing, selling and exporting luxury yachts overseas. The company has two segments: Manufacturing and Trading of Yachts and Others. Geographically the company exports its products to America, Europe, Australia, and Asia; out of which America generates maximum revenue for the company. It also provides hardware and other accessories for making yachts. Grand Banks 54, Grand Banks 60, Grand Banks 85, Eastbay 44 and Eastbay 60 are the company's product lines. The majority of the firm's revenue comes from the Manufacturing and Trading of Yachts segment.

Grand Banks Yachts Headlines

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