Xero (XROLF) Total Assets : $1,581.4 Mil (As of Sep. 2023)

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What is Xero Total Assets?

Xero's Total Assets for the quarter that ended in Sep. 2023 was $1,581.4 Mil.

Warning Sign:

If a company builds assets at 43.6% a year, faster than its revenue growth rate of 24.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Xero's average Total Assets Growth Rate was 0.50% per year. During the past 3 years, the average Total Assets Growth Rate was 28.80% per year. During the past 5 years, the average Total Assets Growth Rate was 43.60% per year. During the past 10 years, the average Total Assets Growth Rate was 46.90% per year.

During the past 11 years, Xero's highest 3-Year average Total Assets Growth Rate was 71.30%. The lowest was 22.30%. And the median was 47.80%.

Total Assets is connected with ROA %. Xero's annualized ROA % for the quarter that ended in Sep. 2023 was 4.12%. Total Assets is also linked to Revenue through Asset Turnover. Xero's Asset Turnover for the quarter that ended in Sep. 2023 was 0.30.

Xero Total Assets Historical Data

The historical data trend for Xero'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.

Xero Total Assets Chart

Xero Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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658.11

699.49

1,432.61

1,606.22

1,556.04

Xero Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															1,597.10	1,606.22	1,515.85	1,556.04	1,581.36

Xero 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.

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

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	658.562	+	897.48
	=	1,556.0

Xero's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	707.416	+	873.947
	=	1,581.4

Xero (OTCPK:XROLF) Total Assets Explanation

Total Assets is connected with ROA %.

Xero's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	64.588	/	( (1556.042	+	1581.363)	/ 2 )
	=	64.588	/	1568.7025
	=	4.12 %

Note: The Net Income data used here is two times the semi-annual (Sep. 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.

Xero's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	477.42	/	( (1556.042	+	1581.363)	/ 2 )
=	477.42	/	1568.7025
=	0.30

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.

Xero Total Assets Related Terms

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Xero (XROLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xero Ltd (OTCPK:XROLF) » Definitions » Total Assets

Comparable Companies

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0XE:Germany XRO:Australia

Address

19-23 Taranaki Street, Te Aro, Wellington, NTL, NZL, 6011

Website

https://www.xero.com

Xero is a technology company originating from New Zealand, providing cloud-based accounting software, primarily for small and midsize enterprises, or SMEs, and accounting practices. As a first mover in the space for cloud-based accounting software, Xero has grown quickly to achieve dominant market share in New Zealand and Australia, displacing legacy providers. Xero has also expanded beyond its home region toward other English-speaking countries, primarily the United Kingdom.

Xero (XROLF) Headlines

From GuruFocus

Xero announces CEO succession, Sukhinder Singh Cassidy appointed

By PRNewswire PRNewswire • 11-10-2022