Ensurance (ASX:ENA) Total Assets : A$20.05 Mil (As of Jun. 2023)

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What is Ensurance Total Assets?

Ensurance's Total Assets for the quarter that ended in Jun. 2023 was A$20.05 Mil.

Warning Sign:

If a company builds assets at 27.7% a year, faster than its revenue growth rate of 4.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Ensurance's average Total Assets Growth Rate was -50.10% per year. During the past 3 years, the average Total Assets Growth Rate was -3.20% per year. During the past 5 years, the average Total Assets Growth Rate was 27.70% per year. During the past 10 years, the average Total Assets Growth Rate was 85.80% per year.

During the past 12 years, Ensurance's highest 3-Year average Total Assets Growth Rate was 1143.50%. The lowest was -3.20%. And the median was 38.30%.

Total Assets is connected with ROA %. Ensurance's annualized ROA % for the quarter that ended in Jun. 2023 was 42.83%. Total Assets is also linked to Revenue through Asset Turnover. Ensurance's Asset Turnover for the quarter that ended in Jun. 2023 was 0.09.

Ensurance Total Assets Historical Data

The historical data trend for Ensurance'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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Ensurance Total Assets Chart

Ensurance Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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10.97

17.40

23.03

30.33

20.05

Ensurance Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															23.03	29.99	30.33	31.11	20.05

Ensurance 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.

Ensurance'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 )
	=	10.884	+	9.163
	=	20.05

Ensurance's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	10.884	+	9.163
	=	20.05

Ensurance (ASX:ENA) Total Assets Explanation

Total Assets is connected with ROA %.

Ensurance's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	10.954	/	( (31.106	+	20.046)	/ 2 )
	=	10.954	/	25.576
	=	42.83 %

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

Ensurance's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	2.316	/	( (31.106	+	20.046)	/ 2 )
=	2.316	/	25.576
=	0.09

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.

Ensurance Total Assets Related Terms

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Ensurance (ASX:ENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ensurance Ltd (ASX:ENA) » Definitions » Total Assets

Comparable Companies

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N/A

Address

101 Grafton Street, Level 21, Westfield Tower 2, Bondi Junction, Sydney, NSW, AUS, 2022

Website

https://www.ensurance.com.au

Ensurance Ltd is a holding company that operates in the insurance industry. The business of the company includes insurance brokerage, underwriting agency, and IT solutions. The products of the company include home and content insurance, owner builder insurance, trades insurance, and specified construction insurance. It operates in two reportable segments being the business in the UK and the head office in Australia. Mainstream revenue consists of commission and administration fees associated with the placement of insurance contracts. Key revenue comes from the underwriting commission whereas geographically from UK operations.

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