Freedom Care Group Holdings (ASX:FCG) Total Assets : A$7.36 Mil (As of Dec. 2023)

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What is Freedom Care Group Holdings Total Assets?

Freedom Care Group Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$7.36 Mil.

During the past 12 months, Freedom Care Group Holdings's average Total Assets Growth Rate was 400.10% per year.

Total Assets is connected with ROA %. Freedom Care Group Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -9.54%. Total Assets is also linked to Revenue through Asset Turnover. Freedom Care Group Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 2.73.

Freedom Care Group Holdings Total Assets Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings Total Assets Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Total Assets

1.22

1.64

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Total Assets	1.22	1.64	7.11	7.36

Freedom Care Group Holdings 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.

Freedom Care Group Holdings'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 )
	=	0.433	+	1.205
	=	1.64

Freedom Care Group Holdings'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 )
	=	4.789	+	2.568
	=	7.36

Freedom Care Group Holdings (ASX:FCG) Total Assets Explanation

Total Assets is connected with ROA %.

Freedom Care Group Holdings'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 )
	=	-0.69	/	( (7.109	+	7.357)	/ 2 )
	=	-0.69	/	7.233
	=	-9.54 %

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.

Freedom Care Group Holdings'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 )
=	19.72	/	( (7.109	+	7.357)	/ 2 )
=	19.72	/	7.233
=	2.73

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.

Freedom Care Group Holdings Total Assets Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.