Southern Cross Media Group (ASX:SXL) Total Assets : A$692.3 Mil (As of Jun. 2024)

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What is Southern Cross Media Group Total Assets?

Southern Cross Media Group's Total Assets for the quarter that ended in Jun. 2024 was A$692.3 Mil.

During the past 12 months, Southern Cross Media Group's average Total Assets Growth Rate was -32.90% per year. During the past 3 years, the average Total Assets Growth Rate was -18.30% per year. During the past 5 years, the average Total Assets Growth Rate was -9.90% per year. During the past 10 years, the average Total Assets Growth Rate was -7.80% per year.

During the past 13 years, Southern Cross Media Group's highest 3-Year average Total Assets Growth Rate was 56.00%. The lowest was -18.30%. And the median was -6.30%.

Total Assets is connected with ROA %. Southern Cross Media Group's annualized ROA % for the quarter that ended in Jun. 2024 was -52.78%. Total Assets is also linked to Revenue through Asset Turnover. Southern Cross Media Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.29.

Southern Cross Media Group Total Assets Historical Data

The historical data trend for Southern Cross Media Group'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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Southern Cross Media Group Total Assets Chart

Southern Cross Media Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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1,547.74

1,326.84

1,071.32

1,029.55

692.32

Southern Cross Media Group 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															1,071.32	1,060.16	1,029.55	1,033.09	692.32

Southern Cross Media Group 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.

Southern Cross Media Group'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 )
	=	202.837	+	489.48
	=	692.3

Southern Cross Media Group'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 )
	=	202.837	+	489.48
	=	692.3

Southern Cross Media Group (ASX:SXL) Total Assets Explanation

Total Assets is connected with ROA %.

Southern Cross Media Group'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 )
	=	-455.32	/	( (1033.088	+	692.317)	/ 2 )
	=	-455.32	/	862.7025
	=	-52.78 %

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.

Southern Cross Media Group'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 )
=	247.988	/	( (1033.088	+	692.317)	/ 2 )
=	247.988	/	862.7025
=	0.29

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.

Southern Cross Media Group Total Assets Related Terms

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Southern Cross Media Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Southern Cross Media Group Ltd (ASX:SXL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

6MM:Germany

Address

101 Moray Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.southerncrossaustereo.com.au

Southern Cross Media broadcasts TV and radio content across Australia and generates revenue and earnings from sales of airtime to advertisers. In metropolitan areas, it operates two radio networks (Hit and Triple M). In regional areas, the company runs a portfolio of radio stations and television stations. It is also investing in digital audio, which has fast-growing audiences.

Southern Cross Media Group Headlines

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