Plenti Group (ASX:PLT) Total Assets : A$2,258.6 Mil (As of Mar. 2024)

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What is Plenti Group Total Assets?

Plenti Group's Total Assets for the quarter that ended in Mar. 2024 was A$2,258.6 Mil.

During the past 12 months, Plenti Group's average Total Assets Growth Rate was 19.40% per year. During the past 3 years, the average Total Assets Growth Rate was 52.00% per year.

During the past 5 years, Plenti Group's highest 3-Year average Total Assets Growth Rate was 69.20%. The lowest was 52.00%. And the median was 60.60%.

Total Assets is connected with ROA %. Plenti Group's annualized ROA % for the quarter that ended in Mar. 2024 was -1.40%. Total Assets is also linked to Revenue through Asset Turnover. Plenti Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Plenti Group Total Assets Historical Data

The historical data trend for Plenti 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.

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Plenti Group Total Assets Chart

Plenti Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

456.86

689.20

1,469.22

1,910.08

2,258.60

Plenti Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial			1,469.22	1,694.75	1,910.08	2,136.53	2,258.60

Plenti 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.

Plenti Group's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	26.32	+	2232.282
	=	2,258.6

Plenti Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	26.32	+	2232.282
	=	2,258.6

Plenti Group (ASX:PLT) Total Assets Explanation

Total Assets is connected with ROA %.

Plenti Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-30.67	/	( (2136.525	+	2258.602)	/ 2 )
	=	-30.67	/	2197.5635
	=	-1.40 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) 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.

Plenti Group's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	111.225	/	( (2136.525	+	2258.602)	/ 2 )
=	111.225	/	2197.5635
=	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.

Plenti Group Total Assets Related Terms

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Plenti Group (ASX:PLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Martin Place, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.plenti.com.au

Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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