Environmental Clean Technologies (ASX:ECT) Total Assets : A$7.01 Mil (As of Dec. 2023)

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What is Environmental Clean Technologies Total Assets?

Environmental Clean Technologies's Total Assets for the quarter that ended in Dec. 2023 was A$7.01 Mil.

During the past 12 months, Environmental Clean Technologies's average Total Assets Growth Rate was -9.70% per year. During the past 3 years, the average Total Assets Growth Rate was 49.00% per year. During the past 5 years, the average Total Assets Growth Rate was 14.40% per year. During the past 10 years, the average Total Assets Growth Rate was -6.30% per year.

During the past 13 years, Environmental Clean Technologies's highest 3-Year average Total Assets Growth Rate was 283.10%. The lowest was -90.60%. And the median was -3.80%.

Total Assets is connected with ROA %. Environmental Clean Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was -58.75%. Total Assets is also linked to Revenue through Asset Turnover. Environmental Clean Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Environmental Clean Technologies Total Assets Historical Data

The historical data trend for Environmental Clean Technologies'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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Environmental Clean Technologies Total Assets Chart

Environmental Clean Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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3.21

6.87

11.96

8.18

5.95

Environmental Clean Technologies 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															11.96	9.47	8.18	7.01	5.95

Environmental Clean Technologies 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.

Environmental Clean Technologies'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 )
	=	3.433	+	4.749
	=	8.18

Environmental Clean Technologies'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 )
	=	3.323	+	3.687
	=	7.01

Environmental Clean Technologies (ASX:ECT) Total Assets Explanation

Total Assets is connected with ROA %.

Environmental Clean Technologies'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 )
	=	-4.462	/	( (8.182	+	7.009)	/ 2 )
	=	-4.462	/	7.5955
	=	-58.75 %

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.

Environmental Clean Technologies'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	/	( (8.182	+	7.009)	/ 2 )
=	0	/	7.5955
=	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.

Environmental Clean Technologies Total Assets Related Terms

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Environmental Clean Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Clean Technologies Ltd (ASX:ECT) » Definitions » Total Assets

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Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which is capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

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