Propel Funeral Partners (Propel Funeral Partners) Total Assets : $401.6 Mil (As of Dec. 2023)

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What is Propel Funeral Partners Total Assets?

Propel Funeral Partners's Total Assets for the quarter that ended in Dec. 2023 was $401.6 Mil.

Warning Sign:

If a company builds assets at 17% a year, faster than its revenue growth rate of 6.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Propel Funeral Partners's average Total Assets Growth Rate was 33.70% per year. During the past 3 years, the average Total Assets Growth Rate was 11.80% per year. During the past 5 years, the average Total Assets Growth Rate was 17.00% per year.

During the past 6 years, Propel Funeral Partners's highest 3-Year average Total Assets Growth Rate was 19.90%. The lowest was 11.80%. And the median was 16.60%.

Total Assets is connected with ROA %. Propel Funeral Partners's annualized ROA % for the quarter that ended in Dec. 2023 was 2.90%. Total Assets is also linked to Revenue through Asset Turnover. Propel Funeral Partners's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.

Propel Funeral Partners Total Assets Historical Data

The historical data trend for Propel Funeral Partners'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.

* Premium members only.

Propel Funeral Partners Total Assets Chart

Propel Funeral Partners Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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188.22

280.83

296.13

301.23

362.32

Propel Funeral Partners Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial								302.71	301.23	302.97	362.32	401.61

Propel Funeral Partners 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.

Propel Funeral Partners'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 )
	=	170.022	+	192.3
	=	362.3

Propel Funeral Partners'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 )
	=	170.822	+	230.786
	=	401.6

Propel Funeral Partners (OTCPK:PFPLF) Total Assets Explanation

Total Assets is connected with ROA %.

Propel Funeral Partners'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 )
	=	11.066	/	( (362.322	+	401.608)	/ 2 )
	=	11.066	/	381.965
	=	2.90 %

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.

Propel Funeral Partners'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 )
=	68.708	/	( (362.322	+	401.608)	/ 2 )
=	68.708	/	381.965
=	0.18

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.

Propel Funeral Partners Total Assets Related Terms

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Propel Funeral Partners (Propel Funeral Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Propel Funeral Partners Ltd (OTCPK:PFPLF) » Definitions » Total Assets

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PFP:Australia

Address

135 King Street, Level 18.03, Sydney, NSW, AUS, 2000

Website

https://www.propelfuneralpartners.com.au

Propel Funeral Partners Ltd is an Australia-based company engaged in the provision of death care services. The company owns funeral homes, cremation facilities, cemeteries, and related infrastructure in Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, Australian Capital Territory, and New Zealand. It offers a range of services and products across death care such as tailored to personal, religious, or ethnic preferences. The Group is organized into two geographic segments, Australian operations, and New Zealand operations, both of which operate in the death care-related services industry. The Group generates the majority of its revenue from the Australia operations.

Propel Funeral Partners (Propel Funeral Partners) Headlines

From GuruFocus

Half Year 2024 Propel Funeral Partners Ltd Earnings Call Transcript

By GuruFocus Research • 02-28-2024