Africa Opportunity Fund (LSE:AOF) Total Assets : $10.04 Mil (As of Dec. 2023)

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What is Africa Opportunity Fund Total Assets?

Africa Opportunity Fund's Total Assets for the quarter that ended in Dec. 2023 was $10.04 Mil.

During the past 12 months, Africa Opportunity Fund's average Total Assets Growth Rate was -48.10% per year. During the past 3 years, the average Total Assets Growth Rate was -23.90% per year. During the past 5 years, the average Total Assets Growth Rate was -26.30% per year. During the past 10 years, the average Total Assets Growth Rate was -13.00% per year.

During the past 11 years, Africa Opportunity Fund's highest 3-Year average Total Assets Growth Rate was 17.50%. The lowest was -31.10%. And the median was -13.10%.

Total Assets is connected with ROA %. Africa Opportunity Fund's annualized ROA % for the quarter that ended in Dec. 2023 was -22.70%. Total Assets is also linked to Revenue through Asset Turnover. Africa Opportunity Fund's Asset Turnover for the quarter that ended in Dec. 2023 was -0.10.

Africa Opportunity Fund Total Assets Historical Data

The historical data trend for Africa Opportunity Fund'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.

Africa Opportunity Fund Total Assets Chart

Africa Opportunity Fund Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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48.07

22.71

26.27

19.32

10.04

Africa Opportunity Fund Semi-Annual Data
	Jun12	Dec12	Jun13	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															26.27	25.06	19.32	11.15	10.04

Africa Opportunity Fund 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.

Africa Opportunity Fund'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 )
	=	9.878	+	0.161
	=	10.04

Africa Opportunity Fund'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 )
	=	9.878	+	0.161
	=	10.04

Africa Opportunity Fund (LSE:AOF) Total Assets Explanation

Total Assets is connected with ROA %.

Africa Opportunity Fund'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 )
	=	-2.404	/	( (11.146	+	10.039)	/ 2 )
	=	-2.404	/	10.5925
	=	-22.70 %

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.

Africa Opportunity Fund'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 )
=	-1.022	/	( (11.146	+	10.039)	/ 2 )
=	-1.022	/	10.5925
=	-0.10

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.

Africa Opportunity Fund Total Assets Related Terms

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Africa Opportunity Fund (LSE:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Africa Opportunity Fund Ltd (LSE:AOF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Church Street, P.O. Box 309, George Town, Ugland House, Grand Cayman, CYM

Website

https://www.africaopportunityfund.com

Africa Opportunity Fund Ltd operates in United Kingdom's financial service sector and is a closed-end investment company formed with the objective of achieving capital growth and income through investments in value, arbitrage, and special situations opportunities derived from the continent of Africa. The Company is organized into one main operating segment, which invests in equity securities, debt instruments, and relative derivatives. All of the Company's activities are interrelated, and each activity is dependent on the others.

Africa Opportunity Fund (LSE:AOF) Headlines

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