QuickFee (ASX:QFE) Total Assets : A$81.63 Mil (As of Dec. 2024)

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What is QuickFee Total Assets?

QuickFee's Total Assets for the quarter that ended in Dec. 2024 was A$81.63 Mil.

During the past 12 months, QuickFee's average Total Assets Growth Rate was 33.90% per year. During the past 3 years, the average Total Assets Growth Rate was 25.40% per year.

During the past 5 years, QuickFee's highest 3-Year average Total Assets Growth Rate was 25.40%. The lowest was 5.10%. And the median was 15.25%.

Total Assets is connected with ROA %. QuickFee's annualized ROA % for the quarter that ended in Dec. 2024 was -3.22%. Total Assets is also linked to Revenue through Asset Turnover. QuickFee's Asset Turnover for the quarter that ended in Dec. 2024 was 0.06.

QuickFee Total Assets Historical Data

The historical data trend for QuickFee'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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QuickFee Total Assets Chart

QuickFee Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

53.50

50.32

43.20

48.11

70.75

QuickFee Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial						40.20	48.11	53.31	70.75	81.63

QuickFee 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.

QuickFee'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 )
	=	8.508	+	62.24
	=	70.75

QuickFee's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	7.717	+	73.908
	=	81.63

QuickFee (ASX:QFE) Total Assets Explanation

Total Assets is connected with ROA %.

QuickFee's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-2.452	/	( (70.748	+	81.625)	/ 2 )
	=	-2.452	/	76.1865
	=	-3.22 %

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

QuickFee's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	4.6	/	( (70.748	+	81.625)	/ 2 )
=	4.6	/	76.1865
=	0.06

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.

QuickFee Total Assets Related Terms

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QuickFee Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » QuickFee Ltd (ASX:QFE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Century Circuit, Suite 4.07, Norwest, Sydney, NSW, AUS, 2153

Website

https://www.quickfee.com

QuickFee Ltd is a financial technology company. The company's segment consists of payment and lending operations in Australia (AU) and the United States and product development. It generates maximum revenue from the Australia segment. The Australia segment developed a QuickFee platform for Australian firms allowing them to accept monthly payment plans where clients obtain finance online from QuickFee AU to facilitate invoice payments to the firm in full.

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