Inner East Community Finance (XNEC:IEC) Total Assets: A$5.81 Mil (As of Jun. 2024)

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XNEC:IEC Inner East Community Finance Ltd XNEC:IEC
17 GF Score
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What is Inner East Community Finance Total Assets?

Inner East Community Finance XNEC:IEC 17 Total Assets is A$5.81 Mil as of Jun. 2024. GuruFocus rates XNEC:IEC with a GF Score™ of 17/100.

Inner East Community Finance's Total Assets for the quarter that ended in Jun. 2024 was A$5.81 Mil.

Total Assets is connected with ROA %. Inner East Community Finance's annualized ROA % for the quarter that ended in Jun. 2024 was -18.65%. Total Assets is also linked to Revenue through Asset Turnover. Inner East Community Finance's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Inner East Community Finance  (XNEC:IEC) Total Assets Explanation

Total Assets is connected with ROA %.

Inner East Community Finance'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 )
=-1.102/( (6.008+5.809)/ 2 )
=-1.102/5.9085
=-18.65 %

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.

Inner East Community Finance'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 )
=0/( (6.008+5.809)/ 2 )
=0/5.9085
=0.00

* 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.

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.

Inner East Community Finance Total Assets Related Terms

Inner East Community Finance Total Assets Historical Data

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The historical data trend for Inner East Community Finance'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.

Inner East Community Finance Total Assets Chart

Inner East Community Finance Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.17 9.87 1.70 2.12 5.81

Inner East Community Finance 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.70 2.56 2.12 6.01 5.81
XNEC:IEC
17GF Score
Inner East Community Finance Ltd XNEC:IEC
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Inner East Community Finance 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.

Inner East Community Finance'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 )
=4.685+1.125
=5.81

Inner East Community Finance'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 )
=4.685+1.125
=5.81

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of A$5.81 Mil mean?
Inner East Community Finance (XNEC:IEC) has a Total Assets of A$5.81 Mil as of Jun. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Inner East Community Finance and its competitors.
Is Inner East Community Finance's Total Assets too high?
Inner East Community Finance's current Total Assets is A$5.81 Mil. Overall, Inner East Community Finance has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Inner East Community Finance's Total Assets compare to PWR and EME?
Inner East Community Finance's Total Assets of A$5.81 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Construction company?
A good Total Assets depends on the Construction industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Inner East Community Finance and its competitors. Inner East Community Finance's current Total Assets is A$5.81 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner East Community Finance stock overvalued right now?
Inner East Community Finance (XNEC:IEC) has a current Total Assets of A$5.81 Mil. The current Total Assets is A$5.81 Mil. Inner East Community Finance's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Inner East Community Finance (XNEC:IEC), the current Total Assets is A$5.81 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Inner East Community Finance Business Description

Address 143 Maling Road, Canterbury, Melbourne, VIC, AUS, 3126
Inner East Community Finance Ltd is engaged in providing community bank branch services under management rights to operate four franchised branches of Bendigo and Adelaide Bank Limited in Canterbury, Surrey Hills, Ashburton, and Balwyn, Victoria. The company focuses on delivering banking and social enterprise services, while maximising profits and returning shareholder value. It offers traditional banking products and services such as home loans, credit cards, accounts, insurance, personal and business loans, etc, and directs a substantial portion of its profits back into the local community through grants and sponsorships.
17GF Score

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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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