Clydestone Ghana (XGHA:CLYD) Total Assets : GHS9.89 Mil (As of Jun. 2023)

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What is Clydestone Ghana Total Assets?

Clydestone Ghana's Total Assets for the quarter that ended in Jun. 2023 was GHS9.89 Mil.

During the past 12 months, Clydestone Ghana's average Total Assets Growth Rate was 34.70% per year. During the past 3 years, the average Total Assets Growth Rate was 24.60% per year. During the past 5 years, the average Total Assets Growth Rate was 19.60% per year.

During the past 8 years, Clydestone Ghana's highest 3-Year average Total Assets Growth Rate was 36.50%. The lowest was 7.30%. And the median was 24.60%.

Total Assets is connected with ROA %. Clydestone Ghana's annualized ROA % for the quarter that ended in Jun. 2023 was -5.15%. Total Assets is also linked to Revenue through Asset Turnover. Clydestone Ghana's Asset Turnover for the quarter that ended in Jun. 2023 was 0.05.

Clydestone Ghana Total Assets Historical Data

The historical data trend for Clydestone Ghana'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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Clydestone Ghana Total Assets Chart

Clydestone Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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5.34

5.44

6.59

6.41

10.91

Clydestone Ghana Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															7.36	11.10	10.91	11.25	9.89

Clydestone Ghana 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.

Clydestone Ghana's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	3.862	+	7.043
	=	10.91

Clydestone Ghana's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	4.837	+	5.051
	=	9.89

Clydestone Ghana (XGHA:CLYD) Total Assets Explanation

Total Assets is connected with ROA %.

Clydestone Ghana's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.544	/	( (11.248	+	9.888)	/ 2 )
	=	-0.544	/	10.568
	=	-5.15 %

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

Clydestone Ghana's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0.516	/	( (11.248	+	9.888)	/ 2 )
=	0.516	/	10.568
=	0.05

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.

Clydestone Ghana Total Assets Related Terms

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Clydestone Ghana (XGHA:CLYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clydestone Ghana PLC (XGHA:CLYD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Adebeto Close, P.O. Box CT 1003, North Labone, Accra, GHA

Website

https://www.clydestone.com

Clydestone Ghana Ltd is an information and communications technology company with offices in Ghana, Nigeria, and Kenya. The company has developed cutting-edge solutions in the areas of financial document processing, remittance processing, and transaction switching. The company provides IT solutions in Africa, currently providing Cheque Truncation Systems to Ghana's Banks. Its product list includes G-Switch, G-Secure, Remita, UnionPay, Automated Cheque Clearing, ATM and Cash Processing, Multi-vendor ATM Software, and Multi-factor Authentication.

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