XOX Technology Bhd (XKLS:0017) Total Assets : RM95.2 Mil (As of Dec. 2023)

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What is XOX Technology Bhd Total Assets?

XOX Technology Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM95.2 Mil.

During the past 12 months, XOX Technology Bhd's average Total Assets Growth Rate was 41.10% per year. During the past 3 years, the average Total Assets Growth Rate was 8.40% per year. During the past 5 years, the average Total Assets Growth Rate was -0.80% per year. During the past 10 years, the average Total Assets Growth Rate was -0.70% per year.

During the past 13 years, XOX Technology Bhd's highest 3-Year average Total Assets Growth Rate was 12.80%. The lowest was -8.30%. And the median was -1.50%.

Total Assets is connected with ROA %. XOX Technology Bhd's annualized ROA % for the quarter that ended in Dec. 2023 was 2.97%. Total Assets is also linked to Revenue through Asset Turnover. XOX Technology Bhd's Asset Turnover for the quarter that ended in Dec. 2023 was 0.51.

XOX Technology Bhd Total Assets Historical Data

The historical data trend for XOX Technology 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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XOX Technology Bhd Total Assets Chart

XOX Technology Bhd Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec19

Mar21

Mar22

Mar23

Total Assets

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77.43

47.85

51.52

57.67

51.49

XOX Technology Bhd Quarterly Data
	Mar18	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															62.15	51.49	67.39	88.38	95.18

XOX Technology 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.

XOX Technology Bhd's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	23.474	+	28.015
	=	51.5

XOX Technology 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 )
	=	34.509	+	60.67
	=	95.2

XOX Technology Bhd (XKLS:0017) Total Assets Explanation

Total Assets is connected with ROA %.

XOX Technology 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 )
	=	2.728	/	( (88.383	+	95.179)	/ 2 )
	=	2.728	/	91.781
	=	2.97 %

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.

XOX Technology 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 )
=	46.451	/	( (88.383	+	95.179)	/ 2 )
=	46.451	/	91.781
=	0.51

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.

XOX Technology Bhd Total Assets Related Terms

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XOX Technology Bhd (XKLS:0017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » XOX Technology Bhd (XKLS:0017) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 17.1, 17th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf and Country Resort, Petaling Jaya, SGR, MYS, 47410

Website

https://www.m3tech.com.my

XOX Technology Bhd, formerly M3 Technologies (Asia) Bhd is engaged in the provision of mobile value-added services. Business activity of the firm is operated through the region of Malaysia, Pakistan, United Arab Emirates - Dubai, and Other Countries of which Pakistan region accounts for a larger share of the revenue. The business activities function through Mobile Solutions; Cloud Services Solutions and Trading and Distribution business. It offers a range of mobile solutions and platforms, such as multimedia products, wireless access protocol (WAP) and Java 2 Micro Edition (J2ME) applications catering to all channels of its business, such as Business to Consumer, Business to Business and Business to Owner.

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