Openn Negotiation (ASX:OPN) Total Assets : A$1.28 Mil (As of Dec. 2023)

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What is Openn Negotiation Total Assets?

Openn Negotiation's Total Assets for the quarter that ended in Dec. 2023 was A$1.28 Mil.

During the past 12 months, Openn Negotiation's average Total Assets Growth Rate was -87.70% per year.

Total Assets is connected with ROA %. Openn Negotiation's annualized ROA % for the quarter that ended in Dec. 2023 was -415.41%. Total Assets is also linked to Revenue through Asset Turnover. Openn Negotiation's Asset Turnover for the quarter that ended in Dec. 2023 was 0.30.

Openn Negotiation Total Assets Historical Data

The historical data trend for Openn Negotiation'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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Openn Negotiation Total Assets Chart

Openn Negotiation Annual Data

Trend

Jun22

Total Assets

4.70

Openn Negotiation Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			8.20	4.70	4.31	0.72	1.28

Openn Negotiation 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.

Openn Negotiation's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (A: Jun. 2022 )	+	Total Liabilities (A: Jun. 2022 )
	=	3.813	+	0.891
	=	4.70

Openn Negotiation'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 )
	=	0.788	+	0.49
	=	1.28

Openn Negotiation (ASX:OPN) Total Assets Explanation

Total Assets is connected with ROA %.

Openn Negotiation'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 )
	=	-4.152	/	( (0.721	+	1.278)	/ 2 )
	=	-4.152	/	0.9995
	=	-415.41 %

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.

Openn Negotiation'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 )
=	0.303	/	( (0.721	+	1.278)	/ 2 )
=	0.303	/	0.9995
=	0.30

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.

Openn Negotiation Total Assets Related Terms

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Openn Negotiation (ASX:OPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Openn Negotiation Ltd (ASX:OPN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Stirling Road, Level 1, PO Box 896, Claremont, WA, AUS, 6910

Website

https://www.openn.com.au

Openn Negotiation Ltd operates a property technology business providing a proprietary cloud-based software platform to support real estate agents in selling property online with greater transparency. Its revenues are majorly driven by the number of agents certified to use the Openn platform and the number of properties uploaded for sale through the Openn platform each month. Geographically company derives key revenue from Australia and includes The USA.

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