Huge Group (JSE:HUG) Total Assets : R2,000.60 Mil (As of Feb. 2024)

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What is Huge Group Total Assets?

Huge Group's Total Assets for the quarter that ended in Feb. 2024 was R2,000.60 Mil.

During the past 12 months, Huge Group's average Total Assets Growth Rate was 7.70% per year. During the past 3 years, the average Total Assets Growth Rate was 17.20% per year. During the past 5 years, the average Total Assets Growth Rate was 14.50% per year. During the past 10 years, the average Total Assets Growth Rate was 23.80% per year.

During the past 13 years, Huge Group's highest 3-Year average Total Assets Growth Rate was 48.50%. The lowest was -6.30%. And the median was 10.70%.

Total Assets is connected with ROA %. Huge Group's annualized ROA % for the quarter that ended in Feb. 2024 was 0.73%. Total Assets is also linked to Revenue through Asset Turnover. Huge Group's Asset Turnover for the quarter that ended in Feb. 2024 was 0.03.

Huge Group Total Assets Historical Data

The historical data trend for Huge Group'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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Huge Group Total Assets Chart

Huge Group Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Assets

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1,201.99

1,258.13

1,703.00

1,838.20

2,000.60

Huge Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Total Assets	Get a 7-Day Free Trial															1,703.00	1,883.40	1,838.20	1,843.59	2,000.60

Huge Group 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.

Huge Group'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 )
	=	1664.088	+	336.515
	=	2,000.60

Huge Group'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 )
	=	1664.088	+	336.515
	=	2,000.60

Huge Group (JSE:HUG) Total Assets Explanation

Total Assets is connected with ROA %.

Huge Group'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 )
	=	13.97	/	( (1843.588	+	2000.603)	/ 2 )
	=	13.97	/	1922.0955
	=	0.73 %

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.

Huge Group'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 )
=	55.831	/	( (1843.588	+	2000.603)	/ 2 )
=	55.831	/	1922.0955
=	0.03

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.

Huge Group Total Assets Related Terms

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Huge Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Huge Group Ltd (JSE:HUG) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

1 Melrose Boulevard, Unit 23, Melrose Arch, PO Box 262, Johannesburg, GT, ZAF, 2076

Website

https://www.hugegroup.com

Huge Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing voice, messaging and data connectivity services using the wireless, global system for mobile-based, fixed cellular last-mile solutions to residential customers and a range of corporate clients, from large corporations to small and medium enterprises. Its divisions are Telecom Grouping, which generates the majority of its revenue; Fintech Grouping; and Corporate Office Grouping. It generates all of its revenue from South Africa.

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