Cardia Bioplastics (ASX:CNN) Total Assets : A$24.20 Mil (As of Dec. 2023)

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What is Cardia Bioplastics Total Assets?

Cardia Bioplastics's Total Assets for the quarter that ended in Dec. 2023 was A$24.20 Mil.

During the past 12 months, Cardia Bioplastics's average Total Assets Growth Rate was -33.00% per year. During the past 3 years, the average Total Assets Growth Rate was 14.90% per year. During the past 5 years, the average Total Assets Growth Rate was 13.20% per year. During the past 10 years, the average Total Assets Growth Rate was 9.50% per year.

During the past 13 years, Cardia Bioplastics's highest 3-Year average Total Assets Growth Rate was 107.10%. The lowest was -40.20%. And the median was 4.90%.

Total Assets is connected with ROA %. Cardia Bioplastics's annualized ROA % for the quarter that ended in Dec. 2023 was -23.26%. Total Assets is also linked to Revenue through Asset Turnover. Cardia Bioplastics's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.

Cardia Bioplastics Total Assets Historical Data

The historical data trend for Cardia Bioplastics'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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Cardia Bioplastics Total Assets Chart

Cardia Bioplastics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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14.56

15.75

33.77

33.22

27.96

Cardia Bioplastics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															34.80	33.22	29.51	27.96	24.20

Cardia Bioplastics 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.

Cardia Bioplastics'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 )
	=	23.133	+	4.829
	=	27.96

Cardia Bioplastics'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 )
	=	20.153	+	4.048
	=	24.20

Cardia Bioplastics (ASX:CNN) Total Assets Explanation

Total Assets is connected with ROA %.

Cardia Bioplastics'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 )
	=	-6.066	/	( (27.962	+	24.201)	/ 2 )
	=	-6.066	/	26.0815
	=	-23.26 %

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.

Cardia Bioplastics'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 )
=	6.193	/	( (27.962	+	24.201)	/ 2 )
=	6.193	/	26.0815
=	0.24

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.

Cardia Bioplastics Total Assets Related Terms

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Cardia Bioplastics (ASX:CNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cardia Bioplastics Ltd (ASX:CNN) » Definitions » Total Assets

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SES:Australia

Address

247 Ferntree Gully Road, Unit 1, Mount Waverley, Melbourne, VIC, AUS, VIC 3149

Website

https://www.secosgroup.com.au

SECOS Group Ltd is an Australian developer and manufacturer of sustainable packaging materials. . Business operating segment includes the manufacture and distribution of polyethylene films, renewable resource-based resins, and finished products. It supplies proprietary biodegradable resins, packaging products cast films to a customer base spread globally.SECOS Global Application Development Centre is in Australia. Product Development Centre and manufacturing plant for resins and finished products in China and resins plant in Malaysia. It also has manufacturing plants for cast films in Malaysia. It conducts sales via geographical regions that include Australia, Asia, America, Europe, and Africa. Asia generates maximum revenue for the company.

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