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Sovereign Cloud Holdings (ASX:SOV) Total Assets : A$21.93 Mil (As of Dec. 2023)


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What is Sovereign Cloud Holdings Total Assets?

Sovereign Cloud Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$21.93 Mil.

During the past 12 months, Sovereign Cloud Holdings's average Total Assets Growth Rate was -33.10% per year. During the past 3 years, the average Total Assets Growth Rate was 17.90% per year.

During the past 4 years, Sovereign Cloud Holdings's highest 3-Year average Total Assets Growth Rate was 17.90%. The lowest was 17.90%. And the median was 17.90%.

Total Assets is connected with ROA %. Sovereign Cloud Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -71.74%. Total Assets is also linked to Revenue through Asset Turnover. Sovereign Cloud Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.

Sovereign Cloud Holdings Total Assets Historical Data

The historical data trend for Sovereign Cloud Holdings'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.

* Premium members only.

Sovereign Cloud Holdings Total Assets Chart

Sovereign Cloud Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Total Assets
38.44 27.49 45.99 33.94

Sovereign Cloud Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 56.25 45.99 39.12 33.94 21.93

Sovereign Cloud Holdings 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.

Sovereign Cloud Holdings'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 )
=24.904+9.039
=33.94

Sovereign Cloud Holdings'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 )
=14.931+7.001
=21.93

* 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.

Sovereign Cloud Holdings  (ASX:SOV) Total Assets Explanation

Total Assets is connected with ROA %.

Sovereign Cloud Holdings'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 )
=-20.042/( (33.943+21.933)/ 2 )
=-20.042/27.938
=-71.74 %

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.

Sovereign Cloud Holdings'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 )
=4.041/( (33.943+21.933)/ 2 )
=4.041/27.938
=0.14

* 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.

Sovereign Cloud Holdings Total Assets Related Terms

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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609
Website
https://www.australiacloud.com.au
Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

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