TasFoods (ASX:TFL) Total Assets : A$35.21 Mil (As of Dec. 2023)

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What is TasFoods Total Assets?

TasFoods's Total Assets for the quarter that ended in Dec. 2023 was A$35.21 Mil.

During the past 12 months, TasFoods's average Total Assets Growth Rate was -18.20% per year. During the past 3 years, the average Total Assets Growth Rate was -13.70% per year. During the past 5 years, the average Total Assets Growth Rate was -4.00% per year. During the past 10 years, the average Total Assets Growth Rate was 28.10% per year.

During the past 13 years, TasFoods's highest 3-Year average Total Assets Growth Rate was 280.80%. The lowest was -69.80%. And the median was 16.80%.

Total Assets is connected with ROA %. TasFoods's annualized ROA % for the quarter that ended in Dec. 2023 was 15.66%. Total Assets is also linked to Revenue through Asset Turnover. TasFoods's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.

TasFoods Total Assets Historical Data

The historical data trend for TasFoods'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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TasFoods Total Assets Chart

TasFoods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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55.47

57.14

48.74

39.18

35.21

TasFoods Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															48.74	49.57	39.18	36.91	35.21

TasFoods 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.

TasFoods's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	17.575	+	17.63
	=	35.21

TasFoods'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 )
	=	17.575	+	17.63
	=	35.21

TasFoods (ASX:TFL) Total Assets Explanation

Total Assets is connected with ROA %.

TasFoods'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 )
	=	5.646	/	( (36.905	+	35.205)	/ 2 )
	=	5.646	/	36.055
	=	15.66 %

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.

TasFoods'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 )
=	9.653	/	( (36.905	+	35.205)	/ 2 )
=	9.653	/	36.055
=	0.27

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.

TasFoods Total Assets Related Terms

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TasFoods (ASX:TFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TasFoods Ltd (ASX:TFL) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

52-54 Tamar Street, Launceston, TAS, AUS, 7250

Website

https://www.tasfoods.com.au

TasFoods Ltd is an Australian company that engages in the processing, manufacture, and sale of Tasmanian-made products. It operates through the following segments - The Dairy segment operates the Meander Valley Dairy, Betta milk, and Pyengana Dairy businesses; The Poultry segment focuses on the operations of Nichols Poultry Pty Ltd; The Corporate and Other segment comprises administrative support to the operational production units in the areas of financial management, human resources, sales, marketing, and food safety, and work health and safety. The firm generates maximum revenue from the Poultry segment.

TasFoods (ASX:TFL) Headlines

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