Smartgroup (Smartgroup) Total Assets : $279.5 Mil (As of Dec. 2023)

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What is Smartgroup Total Assets?

Smartgroup's Total Assets for the quarter that ended in Dec. 2023 was $279.5 Mil.

During the past 12 months, Smartgroup's average Total Assets Growth Rate was 1.50% per year. During the past 3 years, the average Total Assets Growth Rate was 0.30% per year. During the past 5 years, the average Total Assets Growth Rate was -1.10% per year.

During the past 10 years, Smartgroup's highest 3-Year average Total Assets Growth Rate was 64.10%. The lowest was -4.40%. And the median was 1.40%.

Total Assets is connected with ROA %. Smartgroup's annualized ROA % for the quarter that ended in Dec. 2023 was 16.04%. Total Assets is also linked to Revenue through Asset Turnover. Smartgroup's Asset Turnover for the quarter that ended in Dec. 2023 was 0.33.

Smartgroup Total Assets Historical Data

The historical data trend for Smartgroup'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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Smartgroup Total Assets Chart

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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325.97

307.56

292.03

273.85

279.47

Smartgroup Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial														292.03	294.15	273.85	271.18	279.47

Smartgroup 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.

Smartgroup's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	163.201	+	116.268
	=	279.5

Smartgroup'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 )
	=	163.201	+	116.268
	=	279.5

Smartgroup (OTCPK:STGXF) Total Assets Explanation

Total Assets is connected with ROA %.

Smartgroup'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 )
	=	44.152	/	( (271.177	+	279.469)	/ 2 )
	=	44.152	/	275.323
	=	16.04 %

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.

Smartgroup'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 )
=	90.353	/	( (271.177	+	279.469)	/ 2 )
=	90.353	/	275.323
=	0.33

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.

Smartgroup Total Assets Related Terms

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Smartgroup (Smartgroup) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (OTCPK:STGXF) » Definitions » Total Assets

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SIQ:Australia

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

Smartgroup (Smartgroup) Headlines

From GuruFocus

Full Year 2023 Smartgroup Corporation Ltd Earnings Presentation Transcript

By GuruFocus Research • 02-28-2024