Third Age Health Services (NZSE:TAH) Total Assets : NZ$9.80 Mil (As of Mar. 2024)

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What is Third Age Health Services Total Assets?

Third Age Health Services's Total Assets for the quarter that ended in Mar. 2024 was NZ$9.80 Mil.

During the past 12 months, Third Age Health Services's average Total Assets Growth Rate was -6.70% per year. During the past 3 years, the average Total Assets Growth Rate was 67.00% per year.

During the past 4 years, Third Age Health Services's highest 3-Year average Total Assets Growth Rate was 67.00%. The lowest was 67.00%. And the median was 67.00%.

Total Assets is connected with ROA %. Third Age Health Services's annualized ROA % for the quarter that ended in Mar. 2024 was 17.62%. Total Assets is also linked to Revenue through Asset Turnover. Third Age Health Services's Asset Turnover for the quarter that ended in Mar. 2024 was 0.82.

Third Age Health Services Total Assets Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Total Assets Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Assets

3.57

4.86

10.04

9.80

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial			4.86	5.64	10.04	9.36	9.80

Third Age Health Services 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.

Third Age Health Services's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	2.851	+	6.952
	=	9.80

Third Age Health Services's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	2.851	+	6.952
	=	9.80

Third Age Health Services (NZSE:TAH) Total Assets Explanation

Total Assets is connected with ROA %.

Third Age Health Services's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	1.688	/	( (9.358	+	9.803)	/ 2 )
	=	1.688	/	9.5805
	=	17.62 %

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

Third Age Health Services's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	7.81	/	( (9.358	+	9.803)	/ 2 )
=	7.81	/	9.5805
=	0.82

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.

Third Age Health Services Total Assets Related Terms

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Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.