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HomeCo Daily Needs REIT (ASX:HDN) Total Assets : A$4,714.2 Mil (As of Dec. 2023)


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What is HomeCo Daily Needs REIT Total Assets?

HomeCo Daily Needs REIT's Total Assets for the quarter that ended in Dec. 2023 was A$4,714.2 Mil.

During the past 12 months, HomeCo Daily Needs REIT's average Total Assets Growth Rate was -1.10% per year.

Total Assets is connected with ROA %. HomeCo Daily Needs REIT's annualized ROA % for the quarter that ended in Dec. 2023 was -0.45%. Total Assets is also linked to Revenue through Asset Turnover. HomeCo Daily Needs REIT's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

HomeCo Daily Needs REIT Total Assets Historical Data

The historical data trend for HomeCo Daily Needs REIT'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.

HomeCo Daily Needs REIT Total Assets Chart

HomeCo Daily Needs REIT Annual Data
Trend Jun22 Jun23
Total Assets
4,856.20 4,825.40

HomeCo Daily Needs REIT Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets 1,937.20 4,856.20 4,771.60 4,825.40 4,714.20

HomeCo Daily Needs REIT 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.

HomeCo Daily Needs REIT's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (A: Jun. 2023 )+Total Liabilities (A: Jun. 2023 )
=3076.1+1749.3
=4,825.4

HomeCo Daily Needs REIT's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=2983.1+1731.1
=4,714.2

* 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.

HomeCo Daily Needs REIT  (ASX:HDN) Total Assets Explanation

Total Assets is connected with ROA %.

HomeCo Daily Needs REIT's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-21.4/( (4825.4+4714.2)/ 2 )
=-21.4/4769.8
=-0.45 %

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

HomeCo Daily Needs REIT's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=178.7/( (4825.4+4714.2)/ 2 )
=178.7/4769.8
=0.04

* 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.

HomeCo Daily Needs REIT Total Assets Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Total Assets
Comparable Companies
ASX:CQR ASX:DXC ASX:CDP ASX:RGN ASX:SCG SPG O ASX:VCX HKSE:00823 KIM REG SGX:C38U FRT NNN XPAR:LI XPAR:URW BRX ADC TSE:3462 SGX:N2IU
Traded in Other Exchanges
N/A
Address
1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000
Website
https://www.home-co.com.au
HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

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