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Abacus Storage King (ASX:ASK) Total Assets : A$3,106.95 Mil (As of Dec. 2023)


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What is Abacus Storage King Total Assets?

Abacus Storage King's Total Assets for the quarter that ended in Dec. 2023 was A$3,106.95 Mil.

During the past 12 months, Abacus Storage King's average Total Assets Growth Rate was 483.10% per year.

Total Assets is connected with ROA %. Abacus Storage King's annualized ROA % for the quarter that ended in Dec. 2023 was 0.03%. Total Assets is also linked to Revenue through Asset Turnover. Abacus Storage King's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Abacus Storage King Total Assets Historical Data

The historical data trend for Abacus Storage King'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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Abacus Storage King Total Assets Chart

Abacus Storage King Annual Data
Trend Jun21 Jun22
Total Assets
410.23 558.76

Abacus Storage King Semi-Annual Data
Jun21 Jun22 Dec22 Dec23
Total Assets 410.23 558.76 2,997.50 3,106.95

Abacus Storage King 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.

Abacus Storage King's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets=Total Equity (A: Jun. 2022 )+Total Liabilities (A: Jun. 2022 )
=240.51+318.249
=558.76

Abacus Storage King'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 )
=2023.916+1083.031
=3,106.95

* 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.

Abacus Storage King  (ASX:ASK) Total Assets Explanation

Total Assets is connected with ROA %.

Abacus Storage King's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=0.792/( (2997.5+3106.947)/ 2 )
=0.792/3052.2235
=0.03 %

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.

Abacus Storage King's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=99.109/( (2997.5+3106.947)/ 2 )
=99.109/3052.2235
=0.03

* 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.

Abacus Storage King Total Assets Related Terms

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Abacus Storage King (ASX:ASK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Total Assets
Comparable Companies
ASX:CIP ASX:BWP ASX:DXI PLD PSA EXR LSE:SGRO REXR SGX:A17U EGP CUBE COLD STAG FR SGX:M44U ASX:NSR XBRU:WDP TRNO TSE:3281 SGX:ME8U
Traded in Other Exchanges
N/A
Address
77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000
Website
https://www.abacusgroup.com.au
Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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