Tong Herr Resources Bhd (XKLS:5010) Total Assets : RM637.9 Mil (As of Jun. 2024)

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What is Tong Herr Resources Bhd Total Assets?

Tong Herr Resources Bhd's Total Assets for the quarter that ended in Jun. 2024 was RM637.9 Mil.

During the past 12 months, Tong Herr Resources Bhd's average Total Assets Growth Rate was -3.50% per year. During the past 3 years, the average Total Assets Growth Rate was 1.60% per year. During the past 5 years, the average Total Assets Growth Rate was 1.40% per year. During the past 10 years, the average Total Assets Growth Rate was 1.80% per year.

During the past 13 years, Tong Herr Resources Bhd's highest 3-Year average Total Assets Growth Rate was 31.20%. The lowest was -5.10%. And the median was 3.30%.

Total Assets is connected with ROA %. Tong Herr Resources Bhd's annualized ROA % for the quarter that ended in Jun. 2024 was 1.26%. Total Assets is also linked to Revenue through Asset Turnover. Tong Herr Resources Bhd's Asset Turnover for the quarter that ended in Jun. 2024 was 0.20.

Tong Herr Resources Bhd Total Assets Historical Data

The historical data trend for Tong Herr Resources Bhd'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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Tong Herr Resources Bhd Total Assets Chart

Tong Herr Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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665.88

654.75

825.07

700.92

664.69

Tong Herr Resources Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															651.46	639.65	664.69	652.78	637.90

Tong Herr Resources Bhd 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.

Tong Herr Resources Bhd's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	609.003	+	55.683
	=	664.7

Tong Herr Resources Bhd's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	593.311	+	44.592
	=	637.9

Tong Herr Resources Bhd (XKLS:5010) Total Assets Explanation

Total Assets is connected with ROA %.

Tong Herr Resources Bhd's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	8.156	/	( (652.775	+	637.903)	/ 2 )
	=	8.156	/	645.339
	=	1.26 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Tong Herr Resources Bhd's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	131.087	/	( (652.775	+	637.903)	/ 2 )
=	131.087	/	645.339
=	0.20

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.

Tong Herr Resources Bhd Total Assets Related Terms

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Tong Herr Resources Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tong Herr Resources Bhd (XKLS:5010) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2515, Tingkat Perusahaan 4A, Perai Free Trade Zone, Perai, PNG, MYS, 13600

Website

https://www.tong.com.my

Tong Herr Resources Bhd is a Malaysia-based investment holding company. It operates through two segments namely Manufacture and sale of stainless steel fasteners and Manufacture and sale of aluminum products. The company derives maximum revenue from the Manufacture and sale of stainless steel fasteners segment. It is engaged in the production and marketing of stainless steel fasteners such as nuts, bolts, screws, and all other threaded items, aluminum extrusion, and its related products. It operates geographically across countries like Malaysia, Thailand, Germany, the United States of America, and Other countries.

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