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EROAD (ASX:ERD) Total Assets : A$407.9 Mil (As of Sep. 2024)


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What is EROAD Total Assets?

EROAD's Total Assets for the quarter that ended in Sep. 2024 was A$407.9 Mil.

During the past 12 months, EROAD's average Total Assets Growth Rate was 9.50% per year. During the past 3 years, the average Total Assets Growth Rate was 53.90% per year. During the past 5 years, the average Total Assets Growth Rate was 43.60% per year.

During the past 9 years, EROAD's highest 3-Year average Total Assets Growth Rate was 57.20%. The lowest was 16.80%. And the median was 44.30%.

Total Assets is connected with ROA %. EROAD's annualized ROA % for the quarter that ended in Sep. 2024 was -0.68%. Total Assets is also linked to Revenue through Asset Turnover. EROAD's Asset Turnover for the quarter that ended in Sep. 2024 was 0.21.

EROAD Total Assets Historical Data

The historical data trend for EROAD'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.

* Premium members only.

EROAD Total Assets Chart

EROAD Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar21 Mar22 Mar23 Mar24
Total Assets
Get a 7-Day Free Trial Premium Member Only 118.91 159.23 341.89 374.55 402.12

EROAD Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 345.66 374.55 396.94 402.12 407.90

EROAD 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.

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

Total Assets=Total Equity (A: Mar. 2024 )+Total Liabilities (A: Mar. 2024 )
=281.068+121.054
=402.1

EROAD's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=286.577+121.322
=407.9

* 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.

EROAD  (ASX:ERD) Total Assets Explanation

Total Assets is connected with ROA %.

EROAD's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-2.758/( (402.121+407.898)/ 2 )
=-2.758/405.0095
=-0.68 %

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

EROAD's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=86.304/( (402.121+407.898)/ 2 )
=86.304/405.0095
=0.21

* 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.

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.

EROAD Total Assets Related Terms

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EROAD Business Description

Industry
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Traded in Other Exchanges
ERD:New Zealand
Address
North Shore, P.O. Box 305394, Triton Plaza, Auckland, NTL, NZL, 0757
Website
https://www.eroad.com
EROAD Ltd is a New Zealand Based company which is a fully integrated technology, tolling and services provider. It designs and manufactures in-vehicle hardware operates secure payment and merchant gateways and offers web-based value-added services. The company provides electronic on-board units and software as a service to the transport industry. Its products are categorized in RUC Compliance, Health & Safety, and Fleet Management. It operates through four segments: Corporate & Development, North America, Australia, and New Zealand.

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