Associated Commercial Co (XMAU:ACC) Total Assets : MUR678.9 Mil (As of Dec. 2023)

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What is Associated Commercial Co Total Assets?

Associated Commercial Co's Total Assets for the quarter that ended in Dec. 2023 was MUR678.9 Mil.

During the past 12 months, Associated Commercial Co's average Total Assets Growth Rate was 8.50% per year. During the past 3 years, the average Total Assets Growth Rate was 16.70% per year.

During the past 4 years, Associated Commercial Co's highest 3-Year average Total Assets Growth Rate was 16.70%. The lowest was 16.70%. And the median was 16.70%.

Total Assets is connected with ROA %. Associated Commercial Co's annualized ROA % for the quarter that ended in Dec. 2023 was 1.64%. Total Assets is also linked to Revenue through Asset Turnover. Associated Commercial Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.16.

Associated Commercial Co Total Assets Historical Data

The historical data trend for Associated Commercial Co'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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Associated Commercial Co Total Assets Chart

Associated Commercial Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Total Assets

452.13

556.13

629.96

701.28

Associated Commercial Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial									625.98	633.40	701.28	670.80	678.92

Associated Commercial Co 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.

Associated Commercial Co's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	587.738	+	113.545
	=	701.3

Associated Commercial Co'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 )
	=	599.022	+	79.894
	=	678.9

Associated Commercial Co (XMAU:ACC) Total Assets Explanation

Total Assets is connected with ROA %.

Associated Commercial Co'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 )
	=	11.064	/	( (670.803	+	678.916)	/ 2 )
	=	11.064	/	674.8595
	=	1.64 %

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.

Associated Commercial Co'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 )
=	109.338	/	( (670.803	+	678.916)	/ 2 )
=	109.338	/	674.8595
=	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.

Associated Commercial Co Total Assets Related Terms

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Associated Commercial Co (XMAU:ACC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Associated Commercial Co Ltd (XMAU:ACC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o United Bus Service Ltd., Les Cassis, Port Louis, MUS

Website

https://www.accgroup.mu/acc

Associated Commercial Co Ltd is a dealer of motor vehicles, spare parts, new tyres and accessories. The principal activity of the company is the import and distribution tyres, tubes, flaps and spare parts for commercial vehicles. The company's reportable segments are Vehicles, Batteries and Lubricants, Spare Parts and Tyres. The company generates majority of its revenue from Tyres segment.