Fonix Mobile (LSE:FNX) Total Assets : £75.38 Mil (As of Dec. 2023)

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What is Fonix Mobile Total Assets?

Fonix Mobile's Total Assets for the quarter that ended in Dec. 2023 was £75.38 Mil.

During the past 12 months, Fonix Mobile's average Total Assets Growth Rate was -4.20% per year. During the past 3 years, the average Total Assets Growth Rate was 19.50% per year. During the past 5 years, the average Total Assets Growth Rate was 14.10% per year.

During the past 6 years, Fonix Mobile's highest 3-Year average Total Assets Growth Rate was 19.50%. The lowest was 10.60%. And the median was 12.20%.

Total Assets is connected with ROA %. Fonix Mobile's annualized ROA % for the quarter that ended in Dec. 2023 was 17.05%. Total Assets is also linked to Revenue through Asset Turnover. Fonix Mobile's Asset Turnover for the quarter that ended in Dec. 2023 was 0.59.

Fonix Mobile Total Assets Historical Data

The historical data trend for Fonix Mobile'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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Fonix Mobile Total Assets Chart

Fonix Mobile Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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35.15

50.52

43.36

50.14

58.02

Fonix Mobile Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial						68.02	50.14	68.29	58.02	75.38

Fonix Mobile 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.

Fonix Mobile's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	9.388	+	48.627
	=	58.02

Fonix Mobile'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 )
	=	10.349	+	65.027
	=	75.38

Fonix Mobile (LSE:FNX) Total Assets Explanation

Total Assets is connected with ROA %.

Fonix Mobile'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 )
	=	11.37	/	( (58.015	+	75.376)	/ 2 )
	=	11.37	/	66.6955
	=	17.05 %

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.

Fonix Mobile'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 )
=	39.658	/	( (58.015	+	75.376)	/ 2 )
=	39.658	/	66.6955
=	0.59

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.

Fonix Mobile Total Assets Related Terms

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Fonix Mobile (LSE:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fonix Mobile PLC (LSE:FNX) » Definitions » Total Assets

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Address

23 Heddon Street, London, GBR, W1B 4BQ

Website

https://www.fonix.com

Fonix Mobile PLC facilitates mobile payments and provides messaging services for customers across media, telecoms, transport, gaming, enterprise and commerce. It provides carrier billing, SMS billing, and messaging services.