Harvest Technology Group (ASX:HTG) Total Assets : A$11.92 Mil (As of Dec. 2023)

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What is Harvest Technology Group Total Assets?

Harvest Technology Group's Total Assets for the quarter that ended in Dec. 2023 was A$11.92 Mil.

During the past 12 months, Harvest Technology Group's average Total Assets Growth Rate was -14.00% per year. During the past 3 years, the average Total Assets Growth Rate was -11.20% per year. During the past 5 years, the average Total Assets Growth Rate was 82.50% per year.

During the past 8 years, Harvest Technology Group's highest 3-Year average Total Assets Growth Rate was 188.00%. The lowest was -16.00%. And the median was 108.90%.

Total Assets is connected with ROA %. Harvest Technology Group's annualized ROA % for the quarter that ended in Dec. 2023 was -40.67%. Total Assets is also linked to Revenue through Asset Turnover. Harvest Technology Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.13.

Harvest Technology Group Total Assets Historical Data

The historical data trend for Harvest Technology 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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Harvest Technology Group Total Assets Chart

Harvest Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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3.40

24.33

24.60

18.75

10.57

Harvest Technology Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											20.00	18.75	15.02	10.57	11.92

Harvest Technology 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.

Harvest Technology 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 )
	=	3.588	+	6.981
	=	10.57

Harvest Technology 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 )
	=	3.795	+	8.121
	=	11.92

Harvest Technology Group (ASX:HTG) Total Assets Explanation

Total Assets is connected with ROA %.

Harvest Technology 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 )
	=	-4.572	/	( (10.569	+	11.916)	/ 2 )
	=	-4.572	/	11.2425
	=	-40.67 %

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.

Harvest Technology 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 )
=	1.436	/	( (10.569	+	11.916)	/ 2 )
=	1.436	/	11.2425
=	0.13

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.

Harvest Technology Group Total Assets Related Terms

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Harvest Technology Group (ASX:HTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology Group Ltd (ASX:HTG) » Definitions » Total Assets

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Address

16 Ord Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.harvest.technology

Harvest Technology Group Ltd provides hardware and software solutions to the energy, resources, and renewables sectors. The company's software solutions provide secure encrypted transfer of data, including high-definition video and audio, from anywhere via satellite or congested networks at ultra-low bandwidths. It operates in two segments: Subsea and asset integrity risk mitigation and Remote communications technology. The majority of the revenue comes from the Remote communications technology segment that generates income from the provision of data transfer, encryption, and compression services to clients operating in offshore and remote environments.

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