Tourism Holdings (NZSE:THL) Total Assets : NZ$1,482.3 Mil (As of Jun. 2024)

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What is Tourism Holdings Total Assets?

Tourism Holdings's Total Assets for the quarter that ended in Jun. 2024 was NZ$1,482.3 Mil.

Warning Sign:

If a company builds assets at 19.5% a year, faster than its revenue growth rate of 4.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Tourism Holdings's average Total Assets Growth Rate was 12.00% per year. During the past 3 years, the average Total Assets Growth Rate was 38.40% per year. During the past 5 years, the average Total Assets Growth Rate was 19.50% per year. During the past 10 years, the average Total Assets Growth Rate was 14.40% per year.

During the past 13 years, Tourism Holdings's highest 3-Year average Total Assets Growth Rate was 38.40%. The lowest was -12.00%. And the median was 5.25%.

Total Assets is connected with ROA %. Tourism Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was -0.13%. Total Assets is also linked to Revenue through Asset Turnover. Tourism Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.32.

Tourism Holdings Total Assets Historical Data

The historical data trend for Tourism Holdings'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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Tourism Holdings Total Assets Chart

Tourism Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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699.56

578.79

659.05

1,350.56

1,482.35

Tourism Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															659.05	1,149.71	1,350.56	1,408.80	1,482.35

Tourism Holdings 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.

Tourism Holdings's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	610.663	+	871.684
	=	1,482.3

Tourism Holdings's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	610.663	+	871.684
	=	1,482.3

Tourism Holdings (NZSE:THL) Total Assets Explanation

Total Assets is connected with ROA %.

Tourism Holdings's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-1.866	/	( (1408.801	+	1482.347)	/ 2 )
	=	-1.866	/	1445.574
	=	-0.13 %

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

Tourism Holdings's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	461.198	/	( (1408.801	+	1482.347)	/ 2 )
=	461.198	/	1445.574
=	0.32

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.

Tourism Holdings Total Assets Related Terms

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Tourism Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tourism Holdings Ltd (NZSE:THL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

UCH:Germany UCH:Germany THL:Australia

Address

83 Beach Road, Level 1, P.O. Box 4293, The Beach House, Auckland, NTL, NZL, 1010

Website

https://www.thlonline.com

Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals; United States Rentals and other. It generates maximum revenue from United States Rentals segment. United States Rentals segment includes rental and sale of Road Bear, Britz, Mighty and El Monte RVs.

Tourism Holdings Headlines

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