Clover (ASX:CLV) Total Assets : A$84.39 Mil (As of Jul. 2024)

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What is Clover Total Assets?

Clover's Total Assets for the quarter that ended in Jul. 2024 was A$84.39 Mil.

During the past 12 months, Clover's average Total Assets Growth Rate was -6.00% per year. During the past 3 years, the average Total Assets Growth Rate was 1.20% per year. During the past 5 years, the average Total Assets Growth Rate was 2.10% per year. During the past 10 years, the average Total Assets Growth Rate was 12.50% per year.

During the past 13 years, Clover's highest 3-Year average Total Assets Growth Rate was 34.40%. The lowest was -11.00%. And the median was 14.00%.

Total Assets is connected with ROA %. Clover's annualized ROA % for the quarter that ended in Jul. 2024 was 5.10%. Total Assets is also linked to Revenue through Asset Turnover. Clover's Asset Turnover for the quarter that ended in Jul. 2024 was 0.41.

Clover Total Assets Historical Data

The historical data trend for Clover'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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Clover Total Assets Chart

Clover Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Total Assets

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81.49

78.73

90.60

86.20

84.39

Clover Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Total Assets	Get a 7-Day Free Trial															90.60	90.41	86.20	84.87	84.39

Clover 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.

Clover's Total Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (A: Jul. 2024 )	+	Total Liabilities (A: Jul. 2024 )
	=	67.07	+	17.322
	=	84.39

Clover's Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	67.07	+	17.322
	=	84.39

Clover (ASX:CLV) Total Assets Explanation

Total Assets is connected with ROA %.

Clover's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	4.316	/	( (84.87	+	84.392)	/ 2 )
	=	4.316	/	84.631
	=	5.10 %

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

Clover's Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	34.886	/	( (84.87	+	84.392)	/ 2 )
=	34.886	/	84.631
=	0.41

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.

Clover Total Assets Related Terms

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Clover Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clover Corp Ltd (ASX:CLV) » Definitions » Total Assets

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Address

39 Pinnacle Road, Altona North, Melbourne, VIC, AUS, 3025

Website

https://www.clovercorp.com.au

Clover Corp Ltd provides nutritional and functional ingredients. The company is involved in the production of encapsulated powders, and research and product development of functional food and infant nutrition ingredients. It offers Nu-Mega Hi docosahexaenoic acid tuna oils for use in infant formula and pharmaceutical products; and Ocean Gold refined tuna oils. Its products include DHA oils, DHA powders, and Microencapsulation. Geographically, the group has a business presence in Australia, New Zealand, Asia, Europe and the Americas. Majority of the revenue is derived from Australia/New Zealand.