Argosy Property's Total Assets for the quarter that ended in Sep. 2023 was NZ$2,175.6 Mil.
Warning Sign:
If a company builds assets at 8.5% a year, faster than its revenue growth rate of 2.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Argosy Property's average Total Assets Growth Rate was -5.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 4.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.30% per year.
During the past 13 years, Argosy Property's highest 3-Year average Total Assets Growth Rate was 12.20%. The lowest was -7.10%. And the median was 6.80%.
The historical data trend for Argosy Property'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.
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.
Argosy Property's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Argosy Property (NZSE:ARG) Total Assets Explanation
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.
Argosy Property's Asset Turnover for the quarter that ended in Sep. 2023 is
* 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.
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.
Argosy Property Total Assets Related Terms
Thank you for viewing the detailed overview of Argosy Property's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Argosy Property Ltd's business activity is to invest in and actively manage properties throughout New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centres, and entertainment venues.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NZSE:ARG has been successfully added to your 