Comvita (NZSE:CVT) Total Assets : NZ$391.5 Mil (As of Dec. 2023)

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What is Comvita Total Assets?

Comvita's Total Assets for the quarter that ended in Dec. 2023 was NZ$391.5 Mil.

During the past 12 months, Comvita's average Total Assets Growth Rate was 9.30% per year. During the past 3 years, the average Total Assets Growth Rate was 8.80% per year. During the past 5 years, the average Total Assets Growth Rate was 1.90% per year. During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.

During the past 13 years, Comvita's highest 3-Year average Total Assets Growth Rate was 53.50%. The lowest was -4.80%. And the median was 9.75%.

Total Assets is connected with ROA %. Comvita's annualized ROA % for the quarter that ended in Dec. 2023 was -1.70%. Total Assets is also linked to Revenue through Asset Turnover. Comvita's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Comvita Total Assets Historical Data

The historical data trend for Comvita'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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Comvita Total Assets Chart

Comvita Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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310.64

286.42

286.61

332.78

358.77

Comvita Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															317.61	332.78	358.86	358.77	391.48

Comvita 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.

Comvita'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 )
	=	239.32	+	119.446
	=	358.8

Comvita'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 )
	=	235.791	+	155.689
	=	391.5

Comvita (NZSE:CVT) Total Assets Explanation

Total Assets is connected with ROA %.

Comvita'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 )
	=	-6.39	/	( (358.766	+	391.48)	/ 2 )
	=	-6.39	/	375.123
	=	-1.70 %

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.

Comvita'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 )
=	103.365	/	( (358.766	+	391.48)	/ 2 )
=	103.365	/	375.123
=	0.28

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.

Comvita Total Assets Related Terms

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Comvita (NZSE:CVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Comvita Ltd (NZSE:CVT) » Definitions » Total Assets

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CVNZF:USA

Address

23 Wilson Road South, Private Bag 1, Paengaroa, Te Puke, BOP, NZL, 3153

Website

https://www.comvita.co.nz

Comvita Ltd is a New Zealand based company. It is engaged in the development and marketing of natural health and wellbeing products. Its products include manuka honey, manuka honey extract, nutritional oils, royal jelly, olive leaf extract, and other products. The company's geographical segments include Greater China; ANZ; Rest of Asia; Rest of Asia and EMEA. It derives a majority of its revenue from Greater China.

Comvita (NZSE:CVT) Headlines

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