London City Equities (ASX:LCE) Total Assets : A$26.61 Mil (As of Jun. 2024)

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What is London City Equities Total Assets?

London City Equities's Total Assets for the quarter that ended in Jun. 2024 was A$26.61 Mil.

Warning Sign:

If a company builds assets at 14.8% a year, faster than its revenue growth rate of 8.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, London City Equities's average Total Assets Growth Rate was 30.90% per year. During the past 3 years, the average Total Assets Growth Rate was 13.40% per year. During the past 5 years, the average Total Assets Growth Rate was 14.80% per year. During the past 10 years, the average Total Assets Growth Rate was 24.60% per year.

During the past 13 years, London City Equities's highest 3-Year average Total Assets Growth Rate was 79.10%. The lowest was -62.80%. And the median was 15.50%.

Total Assets is connected with ROA %. London City Equities's annualized ROA % for the quarter that ended in Jun. 2024 was -1.56%. Total Assets is also linked to Revenue through Asset Turnover. London City Equities's Asset Turnover for the quarter that ended in Jun. 2024 was -0.00.

London City Equities Total Assets Historical Data

The historical data trend for London City Equities'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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London City Equities Total Assets Chart

London City Equities Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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13.38

19.61

22.97

20.61

26.61

London City Equities 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															22.97	21.83	20.61	22.94	26.61

London City Equities 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.

London City Equities's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	21.437	+	5.175
	=	26.61

London City Equities's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	21.437	+	5.175
	=	26.61

London City Equities (ASX:LCE) Total Assets Explanation

Total Assets is connected with ROA %.

London City Equities's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-0.386	/	( (22.937	+	26.613)	/ 2 )
	=	-0.386	/	24.775
	=	-1.56 %

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

London City Equities's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	-0.032	/	( (22.937	+	26.613)	/ 2 )
=	-0.032	/	24.775
=	-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.

London City Equities Total Assets Related Terms

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London City Equities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » London City Equities Ltd (ASX:LCE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Harrington Street, Level 2, Suite 212, The Rocks, NSW, AUS, 2000

Website

http://www.londoncity.com.au

London City Equities Ltd is a holding company engaged in investing in entities that have market shares and offer growth. Its segments include Equity investment and Other. The company researches and invests long-term in strategic shareholdings in companies, which holds industry positions and has management, and represents value. The Equity investment segment acts as a key revenue generator for the firm.

London City Equities Headlines

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