One Glove Group Bhd (XKLS:5079) Total Assets : RM592.53 Mil (As of Dec. 2023)

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What is One Glove Group Bhd Total Assets?

One Glove Group Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM592.53 Mil.

During the past 12 months, One Glove Group Bhd's average Total Assets Growth Rate was 67.60% per year. During the past 3 years, the average Total Assets Growth Rate was 2.40% per year. During the past 5 years, the average Total Assets Growth Rate was 2.20% per year. During the past 10 years, the average Total Assets Growth Rate was -3.20% per year.

During the past 12 years, One Glove Group Bhd's highest 3-Year average Total Assets Growth Rate was 2.40%. The lowest was -11.00%. And the median was -2.90%.

Total Assets is connected with ROA %. One Glove Group Bhd's annualized ROA % for the quarter that ended in Dec. 2023 was -6.04%. Total Assets is also linked to Revenue through Asset Turnover. One Glove Group Bhd's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

One Glove Group Bhd Total Assets Historical Data

The historical data trend for One Glove Group 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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One Glove Group Bhd Total Assets Chart

One Glove Group Bhd Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Total Assets

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90.47

85.32

75.67

93.54

91.12

One Glove Group Bhd Quarterly Data
	Sep17	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															351.04	609.01	622.01	613.33	592.53

One Glove Group 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.

One Glove Group Bhd's Total Assets for the fiscal year that ended in Jun. 2019 is calculated as

Total Assets	=	Total Equity (A: Jun. 2019 )	+	Total Liabilities (A: Jun. 2019 )
	=	37.445	+	53.671
	=	91.12

One Glove Group Bhd'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 )
	=	267.283	+	325.246
	=	592.53

One Glove Group Bhd (XKLS:5079) Total Assets Explanation

Total Assets is connected with ROA %.

One Glove Group Bhd's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-36.412	/	( (613.326	+	592.529)	/ 2 )
	=	-36.412	/	602.9275
	=	-6.04 %

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

One Glove Group Bhd's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	7.589	/	( (613.326	+	592.529)	/ 2 )
=	7.589	/	602.9275
=	0.01

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.

One Glove Group Bhd Total Assets Related Terms

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One Glove Group Bhd (XKLS:5079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » One Glove Group Bhd (XKLS:5079) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Perindustrian Kamunting 3, Lot 73-86, Jalan Logam 5, Kamunting Raya Indutrial Estate, Kamunting, PRK, MYS, 34600

Website

https://www.oneglovegroup.com

One Glove Group Bhd is a glove innovator and manufacturer. The company's segment includes Manufacturing, Investment holding, and Others. Its geographical market includes Japan, Germany, Malaysia, Singapore, the United States of America, India, and Others of which it generates the majority of its revenue from Singapore.

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