RooLife Group (ASX:RLG) Equity-to-Asset : 0.32 (As of Dec. 2023)

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What is RooLife Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. RooLife Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3.08 Mil. RooLife Group's Total Assets for the quarter that ended in Dec. 2023 was A$9.68 Mil. Therefore, RooLife Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.32.

The historical rank and industry rank for RooLife Group's Equity-to-Asset or its related term are showing as below:

ASX:RLG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.72 Max: 0.97
Current: 0.32

During the past 6 years, the highest Equity to Asset Ratio of RooLife Group was 0.97. The lowest was 0.32. And the median was 0.72.

ASX:RLG's Equity-to-Asset is ranked worse than
74.96% of 2852 companies
in the Software industry
Industry Median: 0.55 vs ASX:RLG: 0.32

RooLife Group Equity-to-Asset Historical Data

The historical data trend for RooLife Group's Equity-to-Asset 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.

RooLife Group Equity-to-Asset Chart

RooLife Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.81

0.71

0.70

0.62

0.45

RooLife Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.67	0.62	0.59	0.45	0.32

Competitive Comparison of RooLife Group's Equity-to-Asset

For the Software - Application subindustry, RooLife Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RooLife Group's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, RooLife Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where RooLife Group's Equity-to-Asset falls into.

RooLife Group Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

RooLife Group's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3.913	/	8.749
	=	0.45

RooLife Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3.078	/	9.679
	=	0.32

RooLife Group (ASX:RLG) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

RooLife Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of RooLife Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

RooLife Group (ASX:RLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RooLife Group Ltd (ASX:RLG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1138 Hay Street, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.roolifegroup.com.au

RooLife Group Ltd is engaged in the provision of fully integrated digital marketing and customer acquisition services driving online sales of products and services. Powered by its hyper-personalization and profiling Artificial Intelligence System, the company provides personalized real-time, targeted marketing, with a key focus on driving sales via its e-commerce marketplaces, enabling businesses to sell directly to Chinese consumers and accept payment via the WeChat and Alipay mobile payments platforms. Geographically, the company generates maximum revenue from China.

RooLife Group (ASX:RLG) Headlines

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