Advancecon Holdings Bhd (XKLS:5281) Total Assets : RM572.2 Mil (As of Mar. 2024)

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What is Advancecon Holdings Bhd Total Assets?

Advancecon Holdings Bhd's Total Assets for the quarter that ended in Mar. 2024 was RM572.2 Mil.

Warning Sign:

If a company builds assets at 8.4% a year, faster than its revenue growth rate of 4.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Advancecon Holdings Bhd's average Total Assets Growth Rate was 0.50% per year. During the past 3 years, the average Total Assets Growth Rate was 12.00% per year. During the past 5 years, the average Total Assets Growth Rate was 8.40% per year.

During the past 8 years, Advancecon Holdings Bhd's highest 3-Year average Total Assets Growth Rate was 15.40%. The lowest was -0.90%. And the median was 9.80%.

Total Assets is connected with ROA %. Advancecon Holdings Bhd's annualized ROA % for the quarter that ended in Mar. 2024 was -10.08%. Total Assets is also linked to Revenue through Asset Turnover. Advancecon Holdings Bhd's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Advancecon Holdings Bhd Total Assets Historical Data

The historical data trend for Advancecon Holdings 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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Advancecon Holdings Bhd Total Assets Chart

Advancecon Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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409.98

407.87

442.03

651.92

580.39

Advancecon Holdings Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															578.86	605.14	647.80	580.39	572.21

Advancecon Holdings 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.

Advancecon Holdings 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 )
	=	176.156	+	404.232
	=	580.4

Advancecon Holdings Bhd's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	163.485	+	408.724
	=	572.2

Advancecon Holdings Bhd (XKLS:5281) Total Assets Explanation

Total Assets is connected with ROA %.

Advancecon Holdings Bhd's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-58.092	/	( (580.388	+	572.21)	/ 2 )
	=	-58.092	/	576.299
	=	-10.08 %

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

Advancecon Holdings Bhd's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	93.97	/	( (580.388	+	572.21)	/ 2 )
=	93.97	/	576.299
=	0.16

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.

Advancecon Holdings Bhd Total Assets Related Terms

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Advancecon Holdings Bhd (XKLS:5281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advancecon Holdings Bhd (XKLS:5281) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16, 18 & 20, Jalan Pekaka 8/3, Seksyen 8, Kota Damansara, Petaling Jaya, SGR, MYS, 47810

Website

https://www.advancecon.com.my

Advancecon Holdings Bhd is a construction company. It is involved in the provision of earthworks and civil engineering services, which is a sub-sector of the construction industry in Malaysia. The group's wide range of earthworks services encompasses site clearing, excavation and fill, soil investigation, rock blasting works and embankment construction. The company has following reportable segments: Construction and Support Services and Property Investments, Green Energy and Quarry Operations, Centralised Labour Quarter. It derives majority of its revenue from Construction and Support Services segment. Further, it is also involved in the New Energy division, which focuses on development and/or operation of power generation from renewable energy, solar and other renewable energy projects.

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