1414 Degrees (ASX:14D) Total Assets : A$9.74 Mil (As of Dec. 2023)

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What is 1414 Degrees Total Assets?

1414 Degrees's Total Assets for the quarter that ended in Dec. 2023 was A$9.74 Mil.

During the past 12 months, 1414 Degrees's average Total Assets Growth Rate was -11.10% per year. During the past 3 years, the average Total Assets Growth Rate was -15.30% per year.

During the past 5 years, 1414 Degrees's highest 3-Year average Total Assets Growth Rate was 2.20%. The lowest was -15.30%. And the median was -6.55%.

Total Assets is connected with ROA %. 1414 Degrees's annualized ROA % for the quarter that ended in Dec. 2023 was -20.37%. Total Assets is also linked to Revenue through Asset Turnover. 1414 Degrees's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

1414 Degrees Total Assets Historical Data

The historical data trend for 1414 Degrees'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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1414 Degrees Total Assets Chart

1414 Degrees Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

17.63

17.21

13.82

11.99

9.73

1414 Degrees Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							10.95	11.99	10.58	9.73	9.74

1414 Degrees 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.

1414 Degrees'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 )
	=	8.834	+	0.893
	=	9.73

1414 Degrees'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 )
	=	9.015	+	0.721
	=	9.74

1414 Degrees (ASX:14D) Total Assets Explanation

Total Assets is connected with ROA %.

1414 Degrees'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 )
	=	-1.982	/	( (9.727	+	9.736)	/ 2 )
	=	-1.982	/	9.7315
	=	-20.37 %

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.

1414 Degrees'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 )
=	0	/	( (9.727	+	9.736)	/ 2 )
=	0	/	9.7315
=	0.00

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.

1414 Degrees Total Assets Related Terms

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1414 Degrees (ASX:14D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » 1414 Degrees Ltd (ASX:14D) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Daws Road, Melrose Park, Sydney, SA, AUS, 5039

Website

https://www.1414degrees.com.au

1414 Degrees Ltd is focused on storing and output of electric power. The company patented thermal energy storage system (TESS) storing energy as latent heat in running silicon. It delivers an output of heat and electricity is sourced from renewables or the grid and is stored as latent heat at a constant temperature. Geographically, it operates only in Australia.

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