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WANG & LEE Group (WANG & LEE Group) Total Assets : $11.79 Mil (As of Dec. 2023)


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What is WANG & LEE Group Total Assets?

WANG & LEE Group's Total Assets for the quarter that ended in Dec. 2023 was $11.79 Mil.

During the past 12 months, WANG & LEE Group's average Total Assets Growth Rate was 164.30% per year. During the past 3 years, the average Total Assets Growth Rate was 46.00% per year.

During the past 4 years, WANG & LEE Group's highest 3-Year average Total Assets Growth Rate was 46.00%. The lowest was 46.00%. And the median was 46.00%.

Total Assets is connected with ROA %. WANG & LEE Group's annualized ROA % for the quarter that ended in Dec. 2023 was 18.23%. Total Assets is also linked to Revenue through Asset Turnover. WANG & LEE Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.50.

WANG & LEE Group Total Assets Historical Data

The historical data trend for WANG & LEE Group'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.

* Premium members only.

WANG & LEE Group Total Assets Chart

WANG & LEE Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
2.12 2.42 3.10 11.79

WANG & LEE Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 2.42 1.94 3.10 9.60 11.79

WANG & LEE Group 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.

WANG & LEE Group'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 )
=6.009+5.782
=11.79

WANG & LEE Group'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 )
=6.009+5.782
=11.79

* 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.

WANG & LEE Group  (NAS:WLGS) Total Assets Explanation

Total Assets is connected with ROA %.

WANG & LEE Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1.95/( (9.6+11.791)/ 2 )
=1.95/10.6955
=18.23 %

Note: The Net Income data used here is two times the semi-annual (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.

WANG & LEE Group's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=5.389/( (9.6+11.791)/ 2 )
=5.389/10.6955
=0.50

* 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.

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.

WANG & LEE Group Total Assets Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Total Assets
Comparable Companies
GRHI ENG DLOC RELT WLMSQ XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XPAR:EN XKRX:028260 SHSE:601669 HKSE:03996 ACM EME
Traded in Other Exchanges
N/A
Address
3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG
Website
http://www.wangnlee.com.hk
WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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