TASK Group Holdings (ASX:TSK) Total Assets : A$154.35 Mil (As of Mar. 2024)

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What is TASK Group Holdings Total Assets?

TASK Group Holdings's Total Assets for the quarter that ended in Mar. 2024 was A$154.35 Mil.

Warning Sign:

If a company builds assets at 107.2% a year, faster than its revenue growth rate of 3.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, TASK Group Holdings's average Total Assets Growth Rate was -0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 122.20% per year. During the past 5 years, the average Total Assets Growth Rate was 107.20% per year. During the past 10 years, the average Total Assets Growth Rate was 53.60% per year.

During the past 13 years, TASK Group Holdings's highest 3-Year average Total Assets Growth Rate was 607.50%. The lowest was -87.20%. And the median was 21.10%.

Total Assets is connected with ROA %. TASK Group Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -5.90%. Total Assets is also linked to Revenue through Asset Turnover. TASK Group Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

TASK Group Holdings Total Assets Historical Data

The historical data trend for TASK Group 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.

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TASK Group Holdings Total Assets Chart

TASK Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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25.36

49.49

154.23

161.71

154.35

TASK Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															154.23	160.67	161.71	163.69	154.35

TASK Group 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.

TASK Group Holdings's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	125.836	+	28.515
	=	154.35

TASK Group Holdings's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	125.836	+	28.515
	=	154.35

TASK Group Holdings (ASX:TSK) Total Assets Explanation

Total Assets is connected with ROA %.

TASK Group Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-9.388	/	( (163.693	+	154.351)	/ 2 )
	=	-9.388	/	159.022
	=	-5.90 %

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

TASK Group Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	37.509	/	( (163.693	+	154.351)	/ 2 )
=	37.509	/	159.022
=	0.24

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.

TASK Group Holdings Total Assets Related Terms

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TASK Group Holdings (ASX:TSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TASK Group Holdings Ltd (ASX:TSK) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

2 Graham Street, Level 2, Auckland, NZL, 1010

Website

https://TASKsoftware.com

TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

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