Summerset Group Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$6,453.6 Mil.
Warning Sign:
If a company builds assets at 20.5% a year, faster than its revenue growth rate of 14.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Summerset Group Holdings's average Total Assets Growth Rate was 19.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 21.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 20.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 23.70% per year.
During the past 13 years, Summerset Group Holdings's highest 3-Year average Total Assets Growth Rate was 28.60%. The lowest was 19.50%. And the median was 23.00%.
* 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.
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.
Summerset Group Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Summerset Group Holdings (ASX:SNZ) Total Assets Explanation
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.
Summerset Group Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Summerset Group Holdings Total Assets Related Terms
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Summerset Group Holdings (ASX:SNZ) Business Description
Summerset Group Holdings Ltd operates retirement villages in New Zealand. The company receives a majority of its revenue from the New Zealand Ministry of Health, which subsidizes fees for eligible aged-care residents. Its revenue is primarily derived from care fees and village services income. Summerset provides a range of care for its residents, including in-home care and 24-hour medical-care centers. In addition to its independent-living villas and apartments, Summerset offers supported-living residences, which include assistance with daily activities like shopping and housekeeping.
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