Renergen (ASX:RLT) Total Assets : A$179.52 Mil (As of Aug. 2023)

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What is Renergen Total Assets?

Renergen's Total Assets for the quarter that ended in Aug. 2023 was A$179.52 Mil.

Warning Sign:

If a company builds assets at 80.8% a year, faster than its revenue growth rate of 9.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Renergen's average Total Assets Growth Rate was 35.50% per year. During the past 3 years, the average Total Assets Growth Rate was 56.10% per year. During the past 5 years, the average Total Assets Growth Rate was 80.80% per year.

During the past 7 years, Renergen's highest 3-Year average Total Assets Growth Rate was 103.40%. The lowest was 56.10%. And the median was 71.20%.

Total Assets is connected with ROA %. Renergen's annualized ROA % for the quarter that ended in Aug. 2023 was -4.28%. Total Assets is also linked to Revenue through Asset Turnover. Renergen's Asset Turnover for the quarter that ended in Aug. 2023 was 0.01.

Renergen Total Assets Historical Data

The historical data trend for Renergen'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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Renergen Total Assets Chart

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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22.83

62.59

68.11

106.77

154.03

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Total Assets	Get a 7-Day Free Trial										79.74	106.77	135.52	154.03	179.52

Renergen 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.

Renergen's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	68.083	+	85.948
	=	154.03

Renergen's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2023 )	+	Total Liabilities (Q: Aug. 2023 )
	=	68.492	+	111.025
	=	179.52

Renergen (ASX:RLT) Total Assets Explanation

Total Assets is connected with ROA %.

Renergen's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %	=	Net Income (Q: Aug. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	-7.146	/	( (154.031	+	179.517)	/ 2 )
	=	-7.146	/	166.774
	=	-4.28 %

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

Renergen's Asset Turnover for the quarter that ended in Aug. 2023 is

	Asset Turnover
=	Revenue (Q: Aug. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
=	1.951	/	( (154.031	+	179.517)	/ 2 )
=	1.951	/	166.774
=	0.01

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.

Renergen Total Assets Related Terms

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Renergen (ASX:RLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (ASX:RLT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

REN:South Africa RGNTF:USA RGNNF:USA 9960:Germany

Address

1 Bompas Road, First Floor, Dunkeld West, Johannesburg, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. It has two reportable segments namely Corporate Head office where all investment decisions are made; and Tetra4 Proprietary Ltd which explores, develops, and sells compressed natural gas to the South African market.

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