Lee Swee Kiat Group Bhd (XKLS:8079) Total Assets : RM117.8 Mil (As of Dec. 2023)

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What is Lee Swee Kiat Group Bhd Total Assets?

Lee Swee Kiat Group Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM117.8 Mil.

Warning Sign:

If a company builds assets at 6.9% a year, faster than its revenue growth rate of 6.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Lee Swee Kiat Group Bhd's average Total Assets Growth Rate was 1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 9.20% per year. During the past 5 years, the average Total Assets Growth Rate was 6.90% per year. During the past 10 years, the average Total Assets Growth Rate was 7.10% per year.

During the past 13 years, Lee Swee Kiat Group Bhd's highest 3-Year average Total Assets Growth Rate was 9.60%. The lowest was -17.50%. And the median was 5.50%.

Total Assets is connected with ROA %. Lee Swee Kiat Group Bhd's annualized ROA % for the quarter that ended in Dec. 2023 was 14.15%. Total Assets is also linked to Revenue through Asset Turnover. Lee Swee Kiat Group Bhd's Asset Turnover for the quarter that ended in Dec. 2023 was 0.29.

Lee Swee Kiat Group Bhd Total Assets Historical Data

The historical data trend for Lee Swee Kiat 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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Lee Swee Kiat Group Bhd Total Assets Chart

Lee Swee Kiat Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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95.90

94.91

102.33

114.26

117.83

Lee Swee Kiat Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															114.26	108.47	111.20	115.33	117.83

Lee Swee Kiat 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.

Lee Swee Kiat Group 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 )
	=	76.545	+	41.288
	=	117.8

Lee Swee Kiat 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 )
	=	76.545	+	41.288
	=	117.8

Lee Swee Kiat Group Bhd (XKLS:8079) Total Assets Explanation

Total Assets is connected with ROA %.

Lee Swee Kiat 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 )
	=	16.5	/	( (115.327	+	117.833)	/ 2 )
	=	16.5	/	116.58
	=	14.15 %

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.

Lee Swee Kiat 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 )
=	34.211	/	( (115.327	+	117.833)	/ 2 )
=	34.211	/	116.58
=	0.29

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.

Lee Swee Kiat Group Bhd Total Assets Related Terms

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Lee Swee Kiat Group Bhd (XKLS:8079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Lee Swee Kiat Group Bhd (XKLS:8079) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wisma LSK, Jalan Haji Abdul Manan, Lot 6122, Off Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.lsk.com.my

Lee Swee Kiat Group Bhd operates in the Mattresses and bedsprings sector in Malaysia. The Group is organized into two business segments: Investment holding, and Natural latex and mattress-related products. The Natural latex and mattress related products segment which generates majority revenue engages in the manufacturing, trading, and distribution of mattresses, bedding accessories, laminated foam, polyurethane foam, natural latex foam, and other related products. The investment holding segment engages in investment holding activity.

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