Heartland Group Holdings's Total Assets for the quarter that ended in Dec. 2023 was NZ$7,930.5 Mil.
Warning Sign:
If a company builds assets at 13.8% a year, faster than its revenue growth rate of 4.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Heartland Group Holdings's average Total Assets Growth Rate was 7.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.20% per year.
During the past 11 years, Heartland Group Holdings's highest 3-Year average Total Assets Growth Rate was 15.20%. The lowest was 10.40%. And the median was 13.60%.
* 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.
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.
Heartland Group Holdings's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Heartland Group Holdings (NZSE:HGH) Total Assets Explanation
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.
Heartland Group Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Heartland Group Holdings Total Assets Related Terms
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Heartland Group Holdings (NZSE:HGH) Business Description
Heartland Group Holdings Ltd is engaged in the operation of the reverse mortgage. Geographically it operates in both New Zealand and Australia. It offers business loans, rural loans, home loans, car loans , personal lending services and others. Further, it is also involved in saving and deposits activity and also provides internet banking services.
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