Move Logistics Group (NZSE:MOV) Total Assets : NZ$316.5 Mil (As of Dec. 2023)

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What is Move Logistics Group Total Assets?

Move Logistics Group's Total Assets for the quarter that ended in Dec. 2023 was NZ$316.5 Mil.

During the past 12 months, Move Logistics Group's average Total Assets Growth Rate was -2.10% per year. During the past 3 years, the average Total Assets Growth Rate was -3.80% per year. During the past 5 years, the average Total Assets Growth Rate was 16.20% per year. During the past 10 years, the average Total Assets Growth Rate was 86.50% per year.

During the past 13 years, Move Logistics Group's highest 3-Year average Total Assets Growth Rate was 963.10%. The lowest was -66.70%. And the median was 9.20%.

Total Assets is connected with ROA %. Move Logistics Group's annualized ROA % for the quarter that ended in Dec. 2023 was -6.86%. Total Assets is also linked to Revenue through Asset Turnover. Move Logistics Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.51.

Move Logistics Group Total Assets Historical Data

The historical data trend for Move Logistics 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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Move Logistics Group Total Assets Chart

Move Logistics Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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176.38

344.70

337.89

327.12

305.24

Move Logistics Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															352.05	327.12	323.68	305.24	316.50

Move Logistics 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.

Move Logistics Group'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 )
	=	74.903	+	230.333
	=	305.2

Move Logistics Group'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 )
	=	64.201	+	252.299
	=	316.5

Move Logistics Group (NZSE:MOV) Total Assets Explanation

Total Assets is connected with ROA %.

Move Logistics Group'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 )
	=	-21.338	/	( (305.236	+	316.5)	/ 2 )
	=	-21.338	/	310.868
	=	-6.86 %

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.

Move Logistics Group'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 )
=	158.25	/	( (305.236	+	316.5)	/ 2 )
=	158.25	/	310.868
=	0.51

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.

Move Logistics Group Total Assets Related Terms

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Move Logistics Group (NZSE:MOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Move Logistics Group Ltd (NZSE:MOV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MOV:Australia

Address

330 Devon Street East, Fitzroy, New Plymouth, TKI, NZL, 4312

Website

https://www.movelogistics.com

Move Logistics Group Ltd offers freight transport and warehousing services throughout New Zealand and coordinates freight movements offshore through international alliances. The company's operating segments include International; Specialist; Freighting; Contract Logistics and Corporate. It generates maximum revenue from the Freighting segment.