Apiam Animal Health (ASX:AHX) Total Assets : A$261.4 Mil (As of Dec. 2023)

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What is Apiam Animal Health Total Assets?

Apiam Animal Health's Total Assets for the quarter that ended in Dec. 2023 was A$261.4 Mil.

During the past 12 months, Apiam Animal Health's average Total Assets Growth Rate was 10.00% per year. During the past 3 years, the average Total Assets Growth Rate was 20.50% per year. During the past 5 years, the average Total Assets Growth Rate was 19.70% per year.

During the past 8 years, Apiam Animal Health's highest 3-Year average Total Assets Growth Rate was 24.10%. The lowest was 10.50%. And the median was 14.10%.

Total Assets is connected with ROA %. Apiam Animal Health's annualized ROA % for the quarter that ended in Dec. 2023 was 2.59%. Total Assets is also linked to Revenue through Asset Turnover. Apiam Animal Health's Asset Turnover for the quarter that ended in Dec. 2023 was 0.41.

Apiam Animal Health Total Assets Historical Data

The historical data trend for Apiam Animal Health'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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Apiam Animal Health Total Assets Chart

Apiam Animal Health Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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104.45

141.03

156.63

199.05

246.04

Apiam Animal Health Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial												197.75	199.05	238.71	246.04	261.37

Apiam Animal Health 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.

Apiam Animal Health'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 )
	=	117.896	+	128.14
	=	246.0

Apiam Animal Health's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	121.353	+	140.02
	=	261.4

Apiam Animal Health (ASX:AHX) Total Assets Explanation

Total Assets is connected with ROA %.

Apiam Animal Health's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	6.562	/	( (246.036	+	261.373)	/ 2 )
	=	6.562	/	253.7045
	=	2.59 %

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

Apiam Animal Health's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	104.364	/	( (246.036	+	261.373)	/ 2 )
=	104.364	/	253.7045
=	0.41

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.

Apiam Animal Health Total Assets Related Terms

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Apiam Animal Health (ASX:AHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Apiam Animal Health Ltd (ASX:AHX) » Definitions » Total Assets

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Address

27- 33 Piper Lane, East Bendigo, Bendigo, VIC, AUS, 3550

Website

https://www.apiam.com.au

Apiam Animal Health Ltd provides products and services to support the health and welfare of production and mixed animals. The company offers veterinary wholesale, warehousing, logistics, and other ancillary services. Its operating segments include Dairy and Mixed, Feedlots and Pigs. It generates the majority of its revenue from Dairy and Mixed.

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