African Discovery Group (African Discovery Group) Total Assets : $0.80 Mil (As of Aug. 2023)

View and export this data going back to 2011. Start your Free Trial

What is African Discovery Group Total Assets?

African Discovery Group's Total Assets for the quarter that ended in Aug. 2023 was $0.80 Mil.

During the past 12 months, African Discovery Group's average Total Assets Growth Rate was -82.00% per year. During the past 3 years, the average Total Assets Growth Rate was -6.30% per year.

During the past 6 years, African Discovery Group's highest 3-Year average Total Assets Growth Rate was 1.30%. The lowest was -6.30%. And the median was -2.50%.

Total Assets is connected with ROA %. African Discovery Group's annualized ROA % for the quarter that ended in Aug. 2023 was -25.31%. Total Assets is also linked to Revenue through Asset Turnover. African Discovery Group's Asset Turnover for the quarter that ended in Aug. 2023 was 0.19.

African Discovery Group Total Assets Historical Data

The historical data trend for African Discovery 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.

African Discovery Group Total Assets Chart

African Discovery Group Annual Data

Trend

Dec10

Feb12

Feb13

Feb15

Feb16

Feb17

Total Assets

Get a 7-Day Free Trial

3.36

6.06

4.09

3.44

4.71

African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
Total Assets	Get a 7-Day Free Trial									3.44	4.11	4.71	-	0.80

African Discovery 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.

African Discovery Group's Total Assets for the fiscal year that ended in Feb. 2017 is calculated as

Total Assets	=	Total Equity (A: Feb. 2017 )	+	Total Liabilities (A: Feb. 2017 )
	=	0.756	+	3.953
	=	4.71

African Discovery Group's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2023 )	+	Total Liabilities (Q: Aug. 2023 )
	=	0.439	+	0.359
	=	0.80

African Discovery Group (OTCPK:AFDG) Total Assets Explanation

Total Assets is connected with ROA %.

African Discovery Group's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %	=	Net Income (Q: Aug. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	-0.202	/	( (0	+	0.798)	/ 1 )
	=	-0.202	/	0.798
	=	-25.31 %

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

African Discovery Group's Asset Turnover for the quarter that ended in Aug. 2023 is

	Asset Turnover
=	Revenue (Q: Aug. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
=	0.15	/	( (0	+	0.798)	/ 1 )
=	0.15	/	0.798
=	0.19

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.

African Discovery Group Total Assets Related Terms

Thank you for viewing the detailed overview of African Discovery Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

African Discovery Group (African Discovery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

From GuruFocus

African Discovery Group, Inc. (AFDG) enters collaboration with Ogelle, a dedicated African Social Media Network; announces DTC eligibility

By PRNewswire PRNewswire • 02-25-2021

African Discovery Group, Inc. Announces Completion of Capital Raise

By PRNewswire PRNewswire • 02-08-2021