L1 Long Short Fund (ASX:LSF) Total Assets : A$3,702.1 Mil (As of Dec. 2022)

View and export this data going back to 2018. Start your Free Trial

What is L1 Long Short Fund Total Assets?

L1 Long Short Fund's Total Assets for the quarter that ended in Dec. 2022 was A$3,702.1 Mil.

Total Assets is connected with ROA %. L1 Long Short Fund's annualized ROA % for the quarter that ended in Dec. 2022 was 6.49%. Total Assets is also linked to Revenue through Asset Turnover. L1 Long Short Fund's Asset Turnover for the quarter that ended in Dec. 2022 was 0.05.

L1 Long Short Fund Total Assets Historical Data

The historical data trend for L1 Long Short Fund'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.

L1 Long Short Fund Total Assets Chart

L1 Long Short Fund Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Total Assets

2,607.14

2,607.26

2,512.60

3,560.86

4,374.07

L1 Long Short Fund Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Total Assets	Get a 7-Day Free Trial					3,263.35	3,560.86	4,061.80	4,374.07	3,702.12

L1 Long Short Fund 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.

L1 Long Short Fund'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 )
	=	1685.426	+	2688.648
	=	4,374.1

L1 Long Short Fund'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 )
	=	1795.64	+	1906.476
	=	3,702.1

L1 Long Short Fund (ASX:LSF) Total Assets Explanation

Total Assets is connected with ROA %.

L1 Long Short Fund'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 )
	=	262.222	/	( (4374.074	+	3702.116)	/ 2 )
	=	262.222	/	4038.095
	=	6.49 %

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.

L1 Long Short Fund'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 )
=	211.46	/	( (4374.074	+	3702.116)	/ 2 )
=	211.46	/	4038.095
=	0.05

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.

L1 Long Short Fund Total Assets Related Terms

Thank you for viewing the detailed overview of L1 Long Short Fund's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

L1 Long Short Fund (ASX:LSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » L1 Long Short Fund Ltd (ASX:LSF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 7, 330 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.l1longshort.com

L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.