Close The Loop (ASX:CLG) Total Assets : A$297.0 Mil (As of Jun. 2024)

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What is Close The Loop Total Assets?

Close The Loop's Total Assets for the quarter that ended in Jun. 2024 was A$297.0 Mil.

During the past 12 months, Close The Loop's average Total Assets Growth Rate was 15.50% per year.

Total Assets is connected with ROA %. Close The Loop's annualized ROA % for the quarter that ended in Jun. 2024 was 4.02%. Total Assets is also linked to Revenue through Asset Turnover. Close The Loop's Asset Turnover for the quarter that ended in Jun. 2024 was 0.36.

Close The Loop Total Assets Historical Data

The historical data trend for Close The Loop'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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Close The Loop Total Assets Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Jun24

Total Assets

92.26

271.38

297.00

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial			92.26	103.56	271.38	303.20	297.00

Close The Loop 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.

Close The Loop'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 )
	=	141.537	+	155.465
	=	297.0

Close The Loop'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 )
	=	141.537	+	155.465
	=	297.0

Close The Loop (ASX:CLG) Total Assets Explanation

Total Assets is connected with ROA %.

Close The Loop'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 )
	=	12.05	/	( (303.197	+	297.002)	/ 2 )
	=	12.05	/	300.0995
	=	4.02 %

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.

Close The Loop'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 )
=	108.627	/	( (303.197	+	297.002)	/ 2 )
=	108.627	/	300.0995
=	0.36

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.

Close The Loop Total Assets Related Terms

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Close The Loop Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.ctlgroup.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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