Altitude Group (LSE:ALT) Total Assets : £14.41 Mil (As of Sep. 2023)

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What is Altitude Group Total Assets?

Altitude Group's Total Assets for the quarter that ended in Sep. 2023 was £14.41 Mil.

Warning Sign:

If a company builds assets at 38.1% a year, faster than its revenue growth rate of 22.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Altitude Group's average Total Assets Growth Rate was 17.30% per year. During the past 3 years, the average Total Assets Growth Rate was 32.00% per year. During the past 5 years, the average Total Assets Growth Rate was 38.10% per year. During the past 10 years, the average Total Assets Growth Rate was 7.50% per year.

During the past 13 years, Altitude Group's highest 3-Year average Total Assets Growth Rate was 59.00%. The lowest was -26.30%. And the median was -5.80%.

Total Assets is connected with ROA %. Altitude Group's annualized ROA % for the quarter that ended in Sep. 2023 was 0.68%. Total Assets is also linked to Revenue through Asset Turnover. Altitude Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.83.

Altitude Group Total Assets Historical Data

The historical data trend for Altitude 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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Altitude Group Total Assets Chart

Altitude Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Total Assets

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7.08

5.94

11.09

11.29

13.86

Altitude Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															11.07	11.29	12.72	13.86	14.41

Altitude 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.

Altitude Group's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	9.431	+	4.432
	=	13.86

Altitude Group's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	9.886	+	4.52
	=	14.41

Altitude Group (LSE:ALT) Total Assets Explanation

Total Assets is connected with ROA %.

Altitude Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0.096	/	( (13.863	+	14.406)	/ 2 )
	=	0.096	/	14.1345
	=	0.68 %

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

Altitude Group's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	11.768	/	( (13.863	+	14.406)	/ 2 )
=	11.768	/	14.1345
=	0.83

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.

Altitude Group Total Assets Related Terms

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Altitude Group (LSE:ALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altitude Group PLC (LSE:ALT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

D9E:Germany

Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

http://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.