Hills (ASX:HIL) Total Assets : A$29.12 Mil (As of Dec. 2022)

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What is Hills Total Assets?

Hills's Total Assets for the quarter that ended in Dec. 2022 was A$29.12 Mil.

Total Assets is connected with ROA %. Hills's annualized ROA % for the quarter that ended in Dec. 2022 was -23.58%. Total Assets is also linked to Revenue through Asset Turnover. Hills's Asset Turnover for the quarter that ended in Dec. 2022 was 0.69.

Hills Total Assets Historical Data

The historical data trend for Hills'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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Hills Total Assets Chart

Hills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Total Assets

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151.88

145.79

121.14

95.40

35.82

Hills Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Total Assets	Get a 7-Day Free Trial															108.93	95.40	67.61	35.82	29.12

Hills 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.

Hills's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (A: Jun. 2022 )	+	Total Liabilities (A: Jun. 2022 )
	=	9.252	+	26.57
	=	35.82

Hills's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	5.463	+	23.654
	=	29.12

Hills (ASX:HIL) Total Assets Explanation

Total Assets is connected with ROA %.

Hills's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	-7.656	/	( (35.822	+	29.117)	/ 2 )
	=	-7.656	/	32.4695
	=	-23.58 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2022) 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.

Hills's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	22.499	/	( (35.822	+	29.117)	/ 2 )
=	22.499	/	32.4695
=	0.69

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.

Hills Total Assets Related Terms

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Hills (ASX:HIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hills Ltd (ASX:HIL) » Definitions » Total Assets

Comparable Companies

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Address

3-29 Birnie Avenue, Unit 1, Building F, Lidcombe, NSW, AUS, 2141

Website

https://www.hills.com.au

Hills Ltd provides technology products and service solutions. Its segments include Hills Health Solutions and Hills Distribution. Hills Health Solutions is engaged in the design, supply, and installation of health technology solutions, nurse call and patient engagement, and other related solutions including security, Wi-Fi, and telephony into the health and aged care sectors. Hills Distribution is engaged in providing a diverse range of products and solutions to assist customers, support end-users within the Satellite, Security, Surveillance, and IT markets. The company earns the majority of its revenue from the Hills Distribution segment. Geographically, the company operates in Australia and New Zealand.