Hygrovest Limited (ASX:HGV) Total Assets : A$21.03 Mil (As of Dec. 2023)

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What is Hygrovest Limited Total Assets?

Hygrovest Limited's Total Assets for the quarter that ended in Dec. 2023 was A$21.03 Mil.

During the past 12 months, Hygrovest Limited's average Total Assets Growth Rate was -61.90% per year. During the past 3 years, the average Total Assets Growth Rate was -38.60% per year. During the past 5 years, the average Total Assets Growth Rate was 19.80% per year.

During the past 8 years, Hygrovest Limited's highest 3-Year average Total Assets Growth Rate was 99.30%. The lowest was -79.40%. And the median was -38.60%.

Total Assets is connected with ROA %. Hygrovest Limited's annualized ROA % for the quarter that ended in Dec. 2023 was -7.25%. Total Assets is also linked to Revenue through Asset Turnover. Hygrovest Limited's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Hygrovest Limited Total Assets Historical Data

The historical data trend for Hygrovest Limited'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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Hygrovest Limited Total Assets Chart

Hygrovest Limited Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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95.66

45.62

43.57

26.35

21.96

Hygrovest Limited Semi-Annual Data
	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												37.71	26.35	27.94	21.96	21.03

Hygrovest Limited 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.

Hygrovest Limited'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 )
	=	19.38	+	2.584
	=	21.96

Hygrovest Limited'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 )
	=	18.566	+	2.464
	=	21.03

Hygrovest Limited (ASX:HGV) Total Assets Explanation

Total Assets is connected with ROA %.

Hygrovest Limited'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 )
	=	-1.558	/	( (21.964	+	21.03)	/ 2 )
	=	-1.558	/	21.497
	=	-7.25 %

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.

Hygrovest Limited'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 )
=	0.094	/	( (21.964	+	21.03)	/ 2 )
=	0.094	/	21.497
=	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.

Hygrovest Limited Total Assets Related Terms

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Hygrovest Limited (ASX:HGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hygrovest Limited (ASX:HGV) » Definitions » Total Assets

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MMJJF:USA

Address

19-29 Martin Place, MLC Centre, Suite 5706, Level 57, Sydney, NSW, AUS, 2000

Website

https://www.hygrovest.com.au

Hygrovest Limited is a specialist investment company. It has built a diversified portfolio by investing in Australian and offshore cannabis-related businesses including healthcare products, technology, and infrastructure. The company's portfolio includes Southern Cannabis Holdings, Medio Labs Inc , Weed Me, Fire and Flower, Bien, BevCanna, and others.