Pennant International Group (LSE:PEN) Total Assets : £17.94 Mil (As of Jun. 2024)

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What is Pennant International Group Total Assets?

Pennant International Group's Total Assets for the quarter that ended in Jun. 2024 was £17.94 Mil.

During the past 12 months, Pennant International Group's average Total Assets Growth Rate was -15.50% per year. During the past 3 years, the average Total Assets Growth Rate was -6.20% per year. During the past 5 years, the average Total Assets Growth Rate was -1.00% per year. During the past 10 years, the average Total Assets Growth Rate was 9.10% per year.

During the past 13 years, Pennant International Group's highest 3-Year average Total Assets Growth Rate was 58.20%. The lowest was -15.30%. And the median was 7.30%.

Total Assets is connected with ROA %. Pennant International Group's annualized ROA % for the quarter that ended in Jun. 2024 was -4.57%. Total Assets is also linked to Revenue through Asset Turnover. Pennant International Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.40.

Pennant International Group Total Assets Historical Data

The historical data trend for Pennant International 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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Pennant International Group Total Assets Chart

Pennant International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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22.88

22.76

21.63

19.79

18.71

Pennant International Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															21.86	19.79	20.47	18.71	17.94

Pennant International 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.

Pennant International 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 )
	=	9.817	+	8.894
	=	18.71

Pennant International 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 )
	=	10.534	+	7.41
	=	17.94

Pennant International Group (LSE:PEN) Total Assets Explanation

Total Assets is connected with ROA %.

Pennant International 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 )
	=	-0.838	/	( (18.711	+	17.944)	/ 2 )
	=	-0.838	/	18.3275
	=	-4.57 %

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.

Pennant International 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 )
=	7.382	/	( (18.711	+	17.944)	/ 2 )
=	7.382	/	18.3275
=	0.40

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.

Pennant International Group Total Assets Related Terms

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Pennant International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pennant International Group PLC (LSE:PEN) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

Old Gloucester Road, Unit D1 Staverton Connection, Cheltenham, Gloucestershire, GBR, GL51 6TL

Website

https://www.pennantplc.co.uk

Pennant International Group PLC is engaged in the delivery of integrated support solutions. The company has two operating segments: Technical Training, and Integrated Product Support. It offers a range of services that cover training equipment, hardware, and related support, including simulation, virtual reality, and computer-based training, technical documentation, media development, software development, and related consultancy. It operates in four geographical areas - the United Kingdom, USA, Canada, and Australia of which the United Kingdom contributes majority of the total revenue. It operates in a broad spectrum of market sectors, including the defense, rail, power and aerospace sectors and with government departments.