Coventry Group (ASX:CYG) Total Assets : A$287.7 Mil (As of Dec. 2023)

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What is Coventry Group Total Assets?

Coventry Group's Total Assets for the quarter that ended in Dec. 2023 was A$287.7 Mil.

During the past 12 months, Coventry Group's average Total Assets Growth Rate was 5.80% per year. During the past 3 years, the average Total Assets Growth Rate was 10.30% per year. During the past 5 years, the average Total Assets Growth Rate was 22.90% per year. During the past 10 years, the average Total Assets Growth Rate was 9.80% per year.

During the past 13 years, Coventry Group's highest 3-Year average Total Assets Growth Rate was 36.90%. The lowest was -17.10%. And the median was 2.75%.

Total Assets is connected with ROA %. Coventry Group's annualized ROA % for the quarter that ended in Dec. 2023 was -0.27%. Total Assets is also linked to Revenue through Asset Turnover. Coventry Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.65.

Coventry Group Total Assets Historical Data

The historical data trend for Coventry Group'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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Coventry Group Total Assets Chart

Coventry Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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158.29

215.56

248.67

278.80

282.80

Coventry Group 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															257.16	278.80	276.04	282.80	287.73

Coventry Group 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.

Coventry Group'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 )
	=	112.951	+	169.846
	=	282.8

Coventry Group'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 )
	=	111.967	+	175.765
	=	287.7

Coventry Group (ASX:CYG) Total Assets Explanation

Total Assets is connected with ROA %.

Coventry Group'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 )
	=	-0.774	/	( (282.797	+	287.732)	/ 2 )
	=	-0.774	/	285.2645
	=	-0.27 %

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.

Coventry Group'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 )
=	185.734	/	( (282.797	+	287.732)	/ 2 )
=	185.734	/	285.2645
=	0.65

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.

Coventry Group Total Assets Related Terms

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Coventry Group (ASX:CYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Coventry Group Ltd (ASX:CYG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 Settlement Road, Thomastown, P.O. Box 526, Melbourne, VIC, AUS, 3074

Website

https://www.cgl.com.au

Coventry Group Ltd distributes and markets industrial products. The company operates through the following segments: Trade Distribution, and Fluid Systems. It generates maximum revenue from the Trade Distribution segment. The Trade Distribution segment includes the importation, distribution, and marketing of industrial fasteners, industrial hardware supplies and associated products and cabinet making hardware. Its Fluid Systems segment includes the design, manufacture, distribution, installation, and maintenance of lubrication and hydraulic fluid systems and hoses. Geographically, it derives a majority of revenue from Australia.

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