ProVen Growth &ome VCT (LSE:PGOO) Total Assets : £162.07 Mil (As of Feb. 2023)

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What is ProVen Growth &ome VCT Total Assets?

ProVen Growth &ome VCT's Total Assets for the quarter that ended in Feb. 2023 was £162.07 Mil.

During the past 12 months, ProVen Growth &ome VCT's average Total Assets Growth Rate was 8.90% per year. During the past 3 years, the average Total Assets Growth Rate was 8.20% per year. During the past 5 years, the average Total Assets Growth Rate was 15.60% per year. During the past 10 years, the average Total Assets Growth Rate was 14.10% per year.

During the past 13 years, ProVen Growth &ome VCT's highest 3-Year average Total Assets Growth Rate was 85.30%. The lowest was -24.20%. And the median was 16.00%.

Total Assets is connected with ROA %. ProVen Growth &ome VCT's annualized ROA % for the quarter that ended in Feb. 2023 was -7.25%. Total Assets is also linked to Revenue through Asset Turnover. ProVen Growth &ome VCT's Asset Turnover for the quarter that ended in Feb. 2023 was -0.03.

ProVen Growth &ome VCT Total Assets Historical Data

The historical data trend for ProVen Growth &ome VCT'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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ProVen Growth &ome VCT Total Assets Chart

ProVen Growth &ome VCT Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Assets

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118.38

137.17

172.05

162.07

167.08

ProVen Growth &ome VCT Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Feb24
Total Assets	Get a 7-Day Free Trial															161.67	172.05	169.98	162.07	167.08

ProVen Growth &ome VCT 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.

ProVen Growth &ome VCT's Total Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (A: Feb. 2024 )	+	Total Liabilities (A: Feb. 2024 )
	=	165.54	+	1.541
	=	167.08

ProVen Growth &ome VCT's Total Assets for the quarter that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2023 )	+	Total Liabilities (Q: Feb. 2023 )
	=	161.068	+	1.005
	=	162.07

ProVen Growth &ome VCT (LSE:PGOO) Total Assets Explanation

Total Assets is connected with ROA %.

ProVen Growth &ome VCT's annualized ROA % for the quarter that ended in Feb. 2023 is

ROA %	=	Net Income (Q: Feb. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Feb. 2023 ))	/ count )
	=	-12.034	/	( (169.978	+	162.073)	/ 2 )
	=	-12.034	/	166.0255
	=	-7.25 %

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

ProVen Growth &ome VCT's Asset Turnover for the quarter that ended in Feb. 2023 is

	Asset Turnover
=	Revenue (Q: Feb. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Feb. 2023 ))	/ count )
=	-5.63	/	( (169.978	+	162.073)	/ 2 )
=	-5.63	/	166.0255
=	-0.03

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.

ProVen Growth &ome VCT Total Assets Related Terms

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ProVen Growth &ome VCT Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ProVen Growth & Income VCT PLC (LSE:PGOO) » Definitions » Total Assets

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Address

55 Drury Lane, Charter House, London, GBR, WC2B 5SQ

Website

https://www.proveninvestments.co.uk

ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare, and Business Services.

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