Freee KK (TSE:4478) Total Assets : 円39,181 Mil (As of Mar. 2024)

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What is Freee KK Total Assets?

Freee KK's Total Assets for the quarter that ended in Mar. 2024 was 円39,181 Mil.

During the past 12 months, Freee KK's average Total Assets Growth Rate was 40.60% per year. During the past 3 years, the average Total Assets Growth Rate was 41.30% per year.

During the past 5 years, Freee KK's highest 3-Year average Total Assets Growth Rate was 47.10%. The lowest was 41.30%. And the median was 44.20%.

Total Assets is connected with ROA %. Freee KK's annualized ROA % for the quarter that ended in Mar. 2024 was -24.87%. Total Assets is also linked to Revenue through Asset Turnover. Freee KK's Asset Turnover for the quarter that ended in Mar. 2024 was 0.17.

Freee KK Total Assets Historical Data

The historical data trend for Freee KK'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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Freee KK Total Assets Chart

Freee KK Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

7,380.96

17,898.31

55,286.32

47,413.07

42,786.89

Freee KK Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															42,954.17	42,786.89	39,452.50	38,986.98	39,180.84

Freee KK 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.

Freee KK'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 )
	=	27059.06	+	15727.825
	=	42,787

Freee KK'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 )
	=	18061.485	+	21119.351
	=	39,181

Freee KK (TSE:4478) Total Assets Explanation

Total Assets is connected with ROA %.

Freee KK's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-9720.084	/	( (38986.981	+	39180.836)	/ 2 )
	=	-9720.084	/	39083.9085
	=	-24.87 %

Note: The Net Income data used here is four times the quarterly (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.

Freee KK's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	6651.88	/	( (38986.981	+	39180.836)	/ 2 )
=	6651.88	/	39083.9085
=	0.17

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.

Freee KK Total Assets Related Terms

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Freee KK (TSE:4478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freee KK (TSE:4478) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FREKF:USA

Address

2-8-1 Nishi-Gotanda, Shinagawa-ku, Gotanda First Building 9th Floor, Tokyo, JPN, 141-0031

Website

http://www.freee.co.jp

Freee KK is a developer of cloud-based software. Its software products include Cloud Accounting software, Cloud HR Labor software, Cloud ERP for Midsize companies, among others.

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