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Afine Investments (JSE:ANI) Total Assets : R408.19 Mil (As of Feb. 2024)


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What is Afine Investments Total Assets?

Afine Investments's Total Assets for the quarter that ended in Feb. 2024 was R408.19 Mil.

During the past 12 months, Afine Investments's average Total Assets Growth Rate was 11.60% per year. During the past 3 years, the average Total Assets Growth Rate was 136.10% per year.

During the past 4 years, Afine Investments's highest 3-Year average Total Assets Growth Rate was 136.10%. The lowest was 136.10%. And the median was 136.10%.

Total Assets is connected with ROA %. Afine Investments's annualized ROA % for the quarter that ended in Feb. 2024 was 27.42%. Total Assets is also linked to Revenue through Asset Turnover. Afine Investments's Asset Turnover for the quarter that ended in Feb. 2024 was 0.05.

Afine Investments Total Assets Historical Data

The historical data trend for Afine Investments'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.

* Premium members only.

Afine Investments Total Assets Chart

Afine Investments Annual Data
Trend Feb21 Feb22 Feb23 Feb24
Total Assets
30.48 309.66 366.88 408.19

Afine Investments Semi-Annual Data
Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Total Assets Get a 7-Day Free Trial 309.66 371.39 366.88 376.24 408.19

Afine Investments 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.

Afine Investments's Total Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (A: Feb. 2024 )+Total Liabilities (A: Feb. 2024 )
=294.327+113.867
=408.19

Afine Investments's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (Q: Feb. 2024 )+Total Liabilities (Q: Feb. 2024 )
=294.327+113.867
=408.19

* 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.

Afine Investments  (JSE:ANI) Total Assets Explanation

Total Assets is connected with ROA %.

Afine Investments's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %=Net Income (Q: Feb. 2024 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=107.56/( (376.24+408.194)/ 2 )
=107.56/392.217
=27.42 %

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

Afine Investments's Asset Turnover for the quarter that ended in Feb. 2024 is

Asset Turnover
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=20.887/( (376.24+408.194)/ 2 )
=20.887/392.217
=0.05

* 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.

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.

Afine Investments Total Assets Related Terms

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Afine Investments Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140
Website
https://www.afineinvestments.com
Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segment majority of revenue is generated from Gauteng and North-West.

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