Purple Group (JSE:PPE) Total Assets : R1,089.4 Mil (As of Aug. 2024)

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What is Purple Group Total Assets?

Purple Group's Total Assets for the quarter that ended in Aug. 2024 was R1,089.4 Mil.

During the past 12 months, Purple Group's average Total Assets Growth Rate was 7.30% per year. During the past 3 years, the average Total Assets Growth Rate was 16.20% per year. During the past 5 years, the average Total Assets Growth Rate was 17.30% per year. During the past 10 years, the average Total Assets Growth Rate was 11.30% per year.

During the past 13 years, Purple Group's highest 3-Year average Total Assets Growth Rate was 179.40%. The lowest was -15.30%. And the median was 8.80%.

Total Assets is connected with ROA %. Purple Group's annualized ROA % for the quarter that ended in Aug. 2024 was 2.63%. Total Assets is also linked to Revenue through Asset Turnover. Purple Group's Asset Turnover for the quarter that ended in Aug. 2024 was 0.20.

Purple Group Total Assets Historical Data

The historical data trend for Purple 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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Purple Group Total Assets Chart

Purple Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Total Assets

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625.46

740.54

841.00

1,053.82

1,089.38

Purple Group Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Total Assets	Get a 7-Day Free Trial															841.00	852.76	1,053.82	1,030.89	1,089.38

Purple 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.

Purple Group's Total Assets for the fiscal year that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (A: Aug. 2024 )	+	Total Liabilities (A: Aug. 2024 )
	=	720.783	+	368.6
	=	1,089.4

Purple Group's Total Assets for the quarter that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2024 )	+	Total Liabilities (Q: Aug. 2024 )
	=	720.783	+	368.6
	=	1,089.4

Purple Group (JSE:PPE) Total Assets Explanation

Total Assets is connected with ROA %.

Purple Group's annualized ROA % for the quarter that ended in Aug. 2024 is

ROA %	=	Net Income (Q: Aug. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
	=	27.852	/	( (1030.886	+	1089.383)	/ 2 )
	=	27.852	/	1060.1345
	=	2.63 %

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

Purple Group's Asset Turnover for the quarter that ended in Aug. 2024 is

	Asset Turnover
=	Revenue (Q: Aug. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
=	211.639	/	( (1030.886	+	1089.383)	/ 2 )
=	211.639	/	1060.1345
=	0.20

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.

Purple Group Total Assets Related Terms

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Purple Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Purple Group Ltd (JSE:PPE) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

173 Oxford Road, WeWork - Coworking & Office Space 1F, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.purplegroup.co.za

Purple Group Ltd operates as a financial services company, which engages in derivatives trading and asset management. It operates its business through the following segments: GT247.com and Emperor Asset Management (EAM); EasyEquities Group and Head Office and Investments. The GT247.com and EAM segment involves trading and asset management operations. The EasyEquities segment is the web-based investment platform of the Group and includes EasyProperties, EasyCrypto, and RISE. The Head Office and Investments represent fees and dividends earned on investments and fair value adjustments made against them, as well as head office costs.

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