Wellnex Life (ASX:WNX) Total Assets : A$30.63 Mil (As of Dec. 2023)

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What is Wellnex Life Total Assets?

Wellnex Life's Total Assets for the quarter that ended in Dec. 2023 was A$30.63 Mil.

During the past 12 months, Wellnex Life's average Total Assets Growth Rate was 37.40% per year. During the past 3 years, the average Total Assets Growth Rate was -6.60% per year. During the past 5 years, the average Total Assets Growth Rate was -2.90% per year.

During the past 7 years, Wellnex Life's highest 3-Year average Total Assets Growth Rate was 106.50%. The lowest was -32.30%. And the median was -12.55%.

Total Assets is connected with ROA %. Wellnex Life's annualized ROA % for the quarter that ended in Dec. 2023 was -85.41%. Total Assets is also linked to Revenue through Asset Turnover. Wellnex Life's Asset Turnover for the quarter that ended in Dec. 2023 was 0.25.

Wellnex Life Total Assets Historical Data

The historical data trend for Wellnex Life'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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Wellnex Life Total Assets Chart

Wellnex Life Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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58.38

19.23

10.42

19.61

15.04

Wellnex Life Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial									18.80	19.61	26.42	15.04	30.63

Wellnex Life 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.

Wellnex Life'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 )
	=	0.594	+	14.446
	=	15.04

Wellnex Life'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 )
	=	6.514	+	24.116
	=	30.63

Wellnex Life (ASX:WNX) Total Assets Explanation

Total Assets is connected with ROA %.

Wellnex Life'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 )
	=	-19.504	/	( (15.04	+	30.63)	/ 2 )
	=	-19.504	/	22.835
	=	-85.41 %

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.

Wellnex Life'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 )
=	5.658	/	( (15.04	+	30.63)	/ 2 )
=	5.658	/	22.835
=	0.25

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.

Wellnex Life Total Assets Related Terms

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Wellnex Life (ASX:WNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellnex Life Ltd (ASX:WNX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

22W0:Germany

Address

574 Plummer Street, Building 2, Level 3, Suite 69, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.wattlehealth.com.au

Wellnex Life Ltd is a health and wellness company which is engaged in developing health and wellness products. It offers products including nutritional food products, natural baby skincare range, and nutritional health supplement range. The company offers its products through brands such as The Iron Company, Mr Bright, Nighty Night and others.

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