Converge Information And Communications Technology Solutions (PHS:CNVRG) Total Assets : ₱101,950 Mil (As of Mar. 2024)

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What is Converge Information And Communications Technology Solutions Total Assets?

Converge Information And Communications Technology Solutions's Total Assets for the quarter that ended in Mar. 2024 was ₱101,950 Mil.

During the past 12 months, Converge Information And Communications Technology Solutions's average Total Assets Growth Rate was -2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 26.00% per year. During the past 5 years, the average Total Assets Growth Rate was 49.80% per year.

During the past 6 years, Converge Information And Communications Technology Solutions's highest 3-Year average Total Assets Growth Rate was 82.00%. The lowest was 26.00%. And the median was 52.20%.

Total Assets is connected with ROA %. Converge Information And Communications Technology Solutions's annualized ROA % for the quarter that ended in Mar. 2024 was 10.05%. Total Assets is also linked to Revenue through Asset Turnover. Converge Information And Communications Technology Solutions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Converge Information And Communications Technology Solutions Total Assets Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions Total Assets Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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31,159.49

56,712.08

81,864.00

98,098.34

101,145.03

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial														101,580.41	102,641.15	103,023.13	101,145.03	101,950.14

Converge Information And Communications Technology Solutions 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.

Converge Information And Communications Technology Solutions's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	45245.688	+	55899.337
	=	101,145

Converge Information And Communications Technology Solutions'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 )
	=	47814.647	+	54135.491
	=	101,950

Converge Information And Communications Technology Solutions (PHS:CNVRG) Total Assets Explanation

Total Assets is connected with ROA %.

Converge Information And Communications Technology Solutions's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	10206.932	/	( (101145.026	+	101950.138)	/ 2 )
	=	10206.932	/	101547.582
	=	10.05 %

Note: The Net Income data used here is four times the quarterly (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.

Converge Information And Communications Technology Solutions's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	9539.571	/	( (101145.026	+	101950.138)	/ 2 )
=	9539.571	/	101547.582
=	0.09

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.

Converge Information And Communications Technology Solutions Total Assets Related Terms

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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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