Zip Co (ASX:ZIP) Total Assets : A$3,374.2 Mil (As of Dec. 2023)

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What is Zip Co Total Assets?

Zip Co's Total Assets for the quarter that ended in Dec. 2023 was A$3,374.2 Mil.

Warning Sign:

If a company builds assets at 61.7% a year, faster than its revenue growth rate of 51% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Zip Co's average Total Assets Growth Rate was -4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 33.80% per year. During the past 5 years, the average Total Assets Growth Rate was 61.70% per year. During the past 10 years, the average Total Assets Growth Rate was 164.00% per year.

During the past 13 years, Zip Co's highest 3-Year average Total Assets Growth Rate was 1969.80%. The lowest was -78.00%. And the median was 102.90%.

Total Assets is connected with ROA %. Zip Co's annualized ROA % for the quarter that ended in Dec. 2023 was 4.32%. Total Assets is also linked to Revenue through Asset Turnover. Zip Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.13.

Zip Co Total Assets Historical Data

The historical data trend for Zip Co'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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Zip Co Total Assets Chart

Zip Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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685.16

1,332.03

3,394.63

3,386.16

3,394.77

Zip Co 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															4,056.55	3,386.16	3,563.58	3,394.77	3,374.17

Zip Co 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.

Zip Co'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 )
	=	234.34	+	3160.427
	=	3,394.8

Zip Co'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 )
	=	419.045	+	2955.129
	=	3,374.2

Zip Co (ASX:ZIP) Total Assets Explanation

Total Assets is connected with ROA %.

Zip Co'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 )
	=	146.066	/	( (3394.767	+	3374.174)	/ 2 )
	=	146.066	/	3384.4705
	=	4.32 %

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.

Zip Co'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 )
=	429.999	/	( (3394.767	+	3374.174)	/ 2 )
=	429.999	/	3384.4705
=	0.13

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.

Zip Co Total Assets Related Terms

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Zip Co (ASX:ZIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zip Co Ltd (ASX:ZIP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ZIZTF:USA

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.zipmoneylimited.com.au

Zip is a diversified finance provider, offering consumer financing via a line of credit (via Zip Pay and Zip Money) and instalment-based finance (via QuadPay, Spotii, Twisto, and PayFlex); as well as lending to small to midsize enterprises (via Zip Business). Zip's fortunes are largely tied to the buy now, pay later, or BNPL, industry. Most of its products—Zip Pay, QuadPay (Zip U.S.), and PayFlex—do not charge interest based on outstanding balances. Around 60%-70% of Zip Pay's/Zip Money's revenue is derived from customers, mainly via account fees and interest. Meanwhile, its instalment businesses primarily generate revenue by receiving a margin from merchants, which compensates it for accepting all nonpayment risk and for encouraging consumers to transact more frequently.