Change Financial (Change Financial) Total Assets : $13.12 Mil (As of Dec. 2023)

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What is Change Financial Total Assets?

Change Financial's Total Assets for the quarter that ended in Dec. 2023 was $13.12 Mil.

During the past 12 months, Change Financial's average Total Assets Growth Rate was 17.60% per year. During the past 3 years, the average Total Assets Growth Rate was 159.00% per year. During the past 5 years, the average Total Assets Growth Rate was 95.70% per year.

During the past 8 years, Change Financial's highest 3-Year average Total Assets Growth Rate was 212.90%. The lowest was -31.90%. And the median was 86.10%.

Total Assets is connected with ROA %. Change Financial's annualized ROA % for the quarter that ended in Dec. 2023 was -21.58%. Total Assets is also linked to Revenue through Asset Turnover. Change Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.31.

Change Financial Total Assets Historical Data

The historical data trend for Change Financial'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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Change Financial Total Assets Chart

Change Financial Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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1.75

3.56

12.72

10.35

15.30

Change Financial Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											10.71	10.35	11.34	15.30	13.12

Change Financial 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.

Change Financial'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 )
	=	8.438	+	6.864
	=	15.30

Change Financial'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 )
	=	6.909	+	6.207
	=	13.12

Change Financial (OTCPK:CNGFF) Total Assets Explanation

Total Assets is connected with ROA %.

Change Financial'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 )
	=	-3.066	/	( (15.301	+	13.116)	/ 2 )
	=	-3.066	/	14.2085
	=	-21.58 %

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.

Change Financial'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 )
=	4.403	/	( (15.301	+	13.116)	/ 2 )
=	4.403	/	14.2085
=	0.31

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.

Change Financial Total Assets Related Terms

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Change Financial (Change Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Financial Ltd (OTCPK:CNGFF) » Definitions » Total Assets

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Traded in Other Exchanges

CCA:Australia

Address

82 Eagle Street, Level 11, Brisbane, QLD, AUS, 4000

Website

https://www.changefinancial.com

Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment that is the development and provision of card payments software and services. The company serves business and financial institutions.

Change Financial (Change Financial) Headlines

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