Spirit Technology Solutions (ASX:ST1) Total Assets : A$119.8 Mil (As of Dec. 2023)

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What is Spirit Technology Solutions Total Assets?

Spirit Technology Solutions's Total Assets for the quarter that ended in Dec. 2023 was A$119.8 Mil.

Warning Sign:

If a company builds assets at 52.7% a year, faster than its revenue growth rate of 27.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Spirit Technology Solutions's average Total Assets Growth Rate was 0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 32.10% per year. During the past 5 years, the average Total Assets Growth Rate was 52.70% per year. During the past 10 years, the average Total Assets Growth Rate was 70.80% per year.

During the past 13 years, Spirit Technology Solutions's highest 3-Year average Total Assets Growth Rate was 264.60%. The lowest was -75.60%. And the median was 37.05%.

Total Assets is connected with ROA %. Spirit Technology Solutions's annualized ROA % for the quarter that ended in Dec. 2023 was -8.70%. Total Assets is also linked to Revenue through Asset Turnover. Spirit Technology Solutions's Asset Turnover for the quarter that ended in Dec. 2023 was 0.48.

Spirit Technology Solutions Total Assets Historical Data

The historical data trend for Spirit 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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Spirit Technology Solutions Total Assets Chart

Spirit Technology Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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30.37

55.06

172.16

123.51

119.18

Spirit Technology Solutions Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															183.77	123.51	120.48	119.18	119.83

Spirit 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.

Spirit Technology Solutions'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 )
	=	53.133	+	66.047
	=	119.2

Spirit Technology Solutions'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 )
	=	48.841	+	70.99
	=	119.8

Spirit Technology Solutions (ASX:ST1) Total Assets Explanation

Total Assets is connected with ROA %.

Spirit Technology Solutions'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 )
	=	-10.4	/	( (119.18	+	119.831)	/ 2 )
	=	-10.4	/	119.5055
	=	-8.70 %

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.

Spirit Technology Solutions'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 )
=	57.006	/	( (119.18	+	119.831)	/ 2 )
=	57.006	/	119.5055
=	0.48

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.

Spirit Technology Solutions Total Assets Related Terms

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Spirit Technology Solutions (ASX:ST1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spirit Technology Solutions Ltd (ASX:ST1) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-25 Raglan Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.spirit.com.au

Spirit Technology Solutions Ltd provides telecommunication services, cloud services, managed IT services, and cyber security services to small and medium-sized businesses. It derives key revenue from Managed services followed by internet and data services. Geographically the group operates and generates revenue in Australia.

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