Solid Automotive Bhd (XKLS:5242) Total Assets : RM300.5 Mil (As of Jan. 2024)

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What is Solid Automotive Bhd Total Assets?

Solid Automotive Bhd's Total Assets for the quarter that ended in Jan. 2024 was RM300.5 Mil.

During the past 12 months, Solid Automotive Bhd's average Total Assets Growth Rate was -6.20% per year. During the past 3 years, the average Total Assets Growth Rate was 4.30% per year. During the past 5 years, the average Total Assets Growth Rate was 8.20% per year. During the past 10 years, the average Total Assets Growth Rate was 11.60% per year.

During the past 11 years, Solid Automotive Bhd's highest 3-Year average Total Assets Growth Rate was 18.50%. The lowest was 3.50%. And the median was 12.45%.

Total Assets is connected with ROA %. Solid Automotive Bhd's annualized ROA % for the quarter that ended in Jan. 2024 was 1.90%. Total Assets is also linked to Revenue through Asset Turnover. Solid Automotive Bhd's Asset Turnover for the quarter that ended in Jan. 2024 was 0.28.

Solid Automotive Bhd Total Assets Historical Data

The historical data trend for Solid Automotive 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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Solid Automotive Bhd Total Assets Chart

Solid Automotive Bhd Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Assets

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234.82

235.54

250.89

288.22

293.27

Solid Automotive Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															304.82	293.27	295.57	297.22	300.53

Solid Automotive 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.

Solid Automotive Bhd's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	196.028	+	97.243
	=	293.3

Solid Automotive Bhd's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	200.169	+	100.36
	=	300.5

Solid Automotive Bhd (XKLS:5242) Total Assets Explanation

Total Assets is connected with ROA %.

Solid Automotive Bhd's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	5.688	/	( (297.218	+	300.529)	/ 2 )
	=	5.688	/	298.8735
	=	1.90 %

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

Solid Automotive Bhd's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	84.683	/	( (297.218	+	300.529)	/ 2 )
=	84.683	/	298.8735
=	0.28

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.

Solid Automotive Bhd Total Assets Related Terms

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Solid Automotive Bhd (XKLS:5242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solid Automotive Bhd (XKLS:5242) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

PLO 436, Jalan Gangsa, Kawasan Perindustrian Pasir Gudang, Pasir Gudang, JHR, MYS, 81700

Website

https://www.solidautomotive.com

Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company's operating segment includes Automotive electrical parts; Automotive engine and mechanical parts and Others. It generates maximum revenue from the Automotive electrical parts segment. Automotive electrical parts segment is involved in the trading and distribution of automotive batteries, lubricants, industrial supplies, electrical parts, and components. Geographically, it derives a majority of revenue from Malaysia and also has a presence in the Middle East and Africa and Other Countries.

Solid Automotive Bhd (XKLS:5242) Headlines

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