Air Change International (ASX:AHJ) Total Assets : A$12.27 Mil (As of Jun. 2015)

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What is Air Change International Total Assets?

Air Change International's Total Assets for the quarter that ended in Jun. 2015 was A$12.27 Mil.

During the past 12 months, Air Change International's average Total Assets Growth Rate was -14.60% per year. During the past 3 years, the average Total Assets Growth Rate was 9.80% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year. During the past 10 years, the average Total Assets Growth Rate was -6.10% per year.

During the past 13 years, Air Change International's highest 3-Year average Total Assets Growth Rate was 810.40%. The lowest was -52.30%. And the median was 6.70%.

Total Assets is connected with ROA %. Air Change International's annualized ROA % for the quarter that ended in Jun. 2015 was -11.89%. Total Assets is also linked to Revenue through Asset Turnover. Air Change International's Asset Turnover for the quarter that ended in Jun. 2015 was 0.54.

Air Change International Total Assets Historical Data

The historical data trend for Air Change International'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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Air Change International Total Assets Chart

Air Change International Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Total Assets

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10.73

10.71

14.29

13.74

12.27

Air Change International Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Total Assets	Get a 7-Day Free Trial															14.29	14.33	13.74	13.36	12.27

Air Change International 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.

Air Change International's Total Assets for the fiscal year that ended in Jun. 2015 is calculated as

Total Assets	=	Total Equity (A: Jun. 2015 )	+	Total Liabilities (A: Jun. 2015 )
	=	9.647	+	2.627
	=	12.27

Air Change International's Total Assets for the quarter that ended in Jun. 2015 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2015 )	+	Total Liabilities (Q: Jun. 2015 )
	=	9.647	+	2.627
	=	12.27

Air Change International (ASX:AHJ) Total Assets Explanation

Total Assets is connected with ROA %.

Air Change International's annualized ROA % for the quarter that ended in Jun. 2015 is

ROA %	=	Net Income (Q: Jun. 2015 )	/	( (Total Assets (Q: Dec. 2014 )	+	Total Assets (Q: Jun. 2015 ))	/ count )
	=	-1.524	/	( (13.36	+	12.274)	/ 2 )
	=	-1.524	/	12.817
	=	-11.89 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2015) 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.

Air Change International's Asset Turnover for the quarter that ended in Jun. 2015 is

	Asset Turnover
=	Revenue (Q: Jun. 2015 )	/	( (Total Assets (Q: Dec. 2014 )	+	Total Assets (Q: Jun. 2015 ))	/ count )
=	6.879	/	( (13.36	+	12.274)	/ 2 )
=	6.879	/	12.817
=	0.54

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.

Air Change International Total Assets Related Terms

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Air Change International (ASX:AHJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Air Change International Ltd (ASX:AHJ) » Definitions » Total Assets

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Address

11 Broadhurst Road, Ingleburn, NSW, AUS, 2565

Website

https://www.airchange.com.au

Air Change International Ltd operates through its subsidiaries, designs, manufactures and sells heating, cooling, and ventilation equipment for industrial, commercial, and institutional buildings and processes in Australia. It is a manufacturer of heating, ventilation and air conditioning systems, which incorporates energy and heat recovery technology and minimises the energy required to condition the fresh outdoor air supply for the indoor environment.

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