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Argentex Group (LSE:AGFX) Total Assets : £114.20 Mil (As of Jun. 2024)


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What is Argentex Group Total Assets?

Argentex Group's Total Assets for the quarter that ended in Jun. 2024 was £114.20 Mil.

Warning Sign:

If a company builds assets at 39.2% a year, faster than its revenue growth rate of 25.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Argentex Group's average Total Assets Growth Rate was 9.50% per year. During the past 3 years, the average Total Assets Growth Rate was 3.20% per year. During the past 5 years, the average Total Assets Growth Rate was 39.20% per year.

During the past 7 years, Argentex Group's highest 3-Year average Total Assets Growth Rate was 78.80%. The lowest was 3.20%. And the median was 56.80%.

Total Assets is connected with ROA %. Argentex Group's annualized ROA % for the quarter that ended in Jun. 2024 was -3.01%. Total Assets is also linked to Revenue through Asset Turnover. Argentex Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.21.

Argentex Group Total Assets Historical Data

The historical data trend for Argentex 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.

* Premium members only.

Argentex Group Total Assets Chart

Argentex Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23
Total Assets
Get a 7-Day Free Trial 28.30 94.20 92.30 97.30 111.50

Argentex Group Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 97.30 217.10 115.40 111.50 114.20

Argentex 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.

Argentex Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=41+70.5
=111.50

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

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=42.4+71.8
=114.20

* 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.

Argentex Group  (LSE:AGFX) Total Assets Explanation

Total Assets is connected with ROA %.

Argentex Group's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-3.4/( (111.5+114.2)/ 2 )
=-3.4/112.85
=-3.01 %

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

Argentex Group's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=23.9/( (111.5+114.2)/ 2 )
=23.9/112.85
=0.21

* 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.

Argentex Group Total Assets Related Terms

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Argentex Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argentex Group PLC (LSE:AGFX) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
25 Argyll Street, London, GBR, W1F 7TU
Website
https://www.argentex.com
Argentex Group PLC is a United Kingdom-based foreign exchange service provider. It operates as a Riskless Principal broker for non-speculative, spot, and forward foreign exchange and structured financial derivative contracts. The company's client base includes institutions and corporates in a range of industries.

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