Austin Engineering (ASX:ANG) Total Assets : A$293.0 Mil (As of Jun. 2024)

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What is Austin Engineering Total Assets?

Austin Engineering's Total Assets for the quarter that ended in Jun. 2024 was A$293.0 Mil.

Warning Sign:

If a company builds assets at 9.9% a year, faster than its revenue growth rate of 3.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Austin Engineering's average Total Assets Growth Rate was 5.00% per year. During the past 3 years, the average Total Assets Growth Rate was 14.70% per year. During the past 5 years, the average Total Assets Growth Rate was 9.90% per year. During the past 10 years, the average Total Assets Growth Rate was -2.50% per year.

During the past 13 years, Austin Engineering's highest 3-Year average Total Assets Growth Rate was 88.50%. The lowest was -10.90%. And the median was 14.50%.

Total Assets is connected with ROA %. Austin Engineering's annualized ROA % for the quarter that ended in Jun. 2024 was 10.14%. Total Assets is also linked to Revenue through Asset Turnover. Austin Engineering's Asset Turnover for the quarter that ended in Jun. 2024 was 0.62.

Austin Engineering Total Assets Historical Data

The historical data trend for Austin Engineering'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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Austin Engineering Total Assets Chart

Austin Engineering Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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180.44

177.35

214.14

260.87

293.00

Austin Engineering Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															214.14	259.95	260.87	253.97	293.00

Austin Engineering 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.

Austin Engineering's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	130.344	+	162.656
	=	293.0

Austin Engineering's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	130.344	+	162.656
	=	293.0

Austin Engineering (ASX:ANG) Total Assets Explanation

Total Assets is connected with ROA %.

Austin Engineering's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	27.72	/	( (253.97	+	293)	/ 2 )
	=	27.72	/	273.485
	=	10.14 %

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

Austin Engineering's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	169.672	/	( (253.97	+	293)	/ 2 )
=	169.672	/	273.485
=	0.62

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.

Austin Engineering Total Assets Related Terms

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Austin Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Austin Engineering Ltd (ASX:ANG) » Definitions » Total Assets

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AUSTF:USA RZA:Germany

Address

100 Chisholm Crescent, Kewdale, Perth, WA, AUS, 6105

Website

https://www.austineng.com

Austin Engineering Ltd is an Australia-based engineering company. It designs and manufactures customized off-highway truck bodies, buckets, water tanks, tyre handlers, and other ancillary products. It is a complete service provider through the product's life cycle, offering on and off-site repair and maintenance. Its geographical segments include Asia-Pacific, North America, and South America. The company generates maximum revenue from the Asia-Pacific segment which is engaged in mining equipment, other products, and repair and maintenance services located in Australia and Indonesia.

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