Altech Batteries (ASX:ATC) Total Assets : A$44.66 Mil (As of Dec. 2023)

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What is Altech Batteries Total Assets?

Altech Batteries's Total Assets for the quarter that ended in Dec. 2023 was A$44.66 Mil.

During the past 12 months, Altech Batteries's average Total Assets Growth Rate was -61.50% per year. During the past 3 years, the average Total Assets Growth Rate was -18.60% per year. During the past 5 years, the average Total Assets Growth Rate was 6.20% per year. During the past 10 years, the average Total Assets Growth Rate was 46.50% per year.

During the past 13 years, Altech Batteries's highest 3-Year average Total Assets Growth Rate was 126.60%. The lowest was -18.60%. And the median was 34.10%.

Total Assets is connected with ROA %. Altech Batteries's annualized ROA % for the quarter that ended in Dec. 2023 was -75.56%. Total Assets is also linked to Revenue through Asset Turnover. Altech Batteries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Altech Batteries Total Assets Historical Data

The historical data trend for Altech Batteries'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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Altech Batteries Total Assets Chart

Altech Batteries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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68.58

77.41

89.77

98.39

44.88

Altech Batteries Semi-Annual Data
	Jun14	Dec14	Jun15	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															96.46	98.39	98.46	44.88	44.66

Altech Batteries 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.

Altech Batteries'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 )
	=	33.875	+	11.003
	=	44.88

Altech Batteries'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 )
	=	30.475	+	14.181
	=	44.66

Altech Batteries (ASX:ATC) Total Assets Explanation

Total Assets is connected with ROA %.

Altech Batteries'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 )
	=	-33.824	/	( (44.878	+	44.656)	/ 2 )
	=	-33.824	/	44.767
	=	-75.56 %

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.

Altech Batteries'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 )
=	0.01	/	( (44.878	+	44.656)	/ 2 )
=	0.01	/	44.767
=	0.00

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.

Altech Batteries Total Assets Related Terms

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Altech Batteries (ASX:ATC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Altech Batteries Ltd (ASX:ATC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ALTHF:USA A3Y:Germany

Address

295 Rokeby Road, Suite 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.altechgroup.com

Altech Batteries Ltd is a specialty battery technology company. The company operates in four segments which include Silumna Anodes, CERENERGY, High Purity Alumina, and Corporate. Its project includes the German Sodium Chloride CERENERGY Solid State (SCSS) Battery Project and others.