Kip McGrath Education Centres (ASX:KME) Total Assets : A$35.81 Mil (As of Dec. 2023)

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What is Kip McGrath Education Centres Total Assets?

Kip McGrath Education Centres's Total Assets for the quarter that ended in Dec. 2023 was A$35.81 Mil.

Warning Sign:

If a company builds assets at 18.4% a year, faster than its revenue growth rate of 9.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Kip McGrath Education Centres's average Total Assets Growth Rate was 6.00% per year. During the past 3 years, the average Total Assets Growth Rate was 17.50% per year. During the past 5 years, the average Total Assets Growth Rate was 18.40% per year. During the past 10 years, the average Total Assets Growth Rate was 10.30% per year.

During the past 13 years, Kip McGrath Education Centres's highest 3-Year average Total Assets Growth Rate was 38.20%. The lowest was -5.60%. And the median was 6.35%.

Total Assets is connected with ROA %. Kip McGrath Education Centres's annualized ROA % for the quarter that ended in Dec. 2023 was -0.39%. Total Assets is also linked to Revenue through Asset Turnover. Kip McGrath Education Centres's Asset Turnover for the quarter that ended in Dec. 2023 was 0.41.

Kip McGrath Education Centres Total Assets Historical Data

The historical data trend for Kip McGrath Education Centres'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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Kip McGrath Education Centres Total Assets Chart

Kip McGrath Education Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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21.34

29.42

30.73

36.38

37.11

Kip McGrath Education Centres 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															35.07	36.38	34.49	37.11	35.81

Kip McGrath Education Centres 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.

Kip McGrath Education Centres'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 )
	=	23.082	+	14.032
	=	37.11

Kip McGrath Education Centres'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 )
	=	22.322	+	13.488
	=	35.81

Kip McGrath Education Centres (ASX:KME) Total Assets Explanation

Total Assets is connected with ROA %.

Kip McGrath Education Centres'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 )
	=	-0.144	/	( (37.114	+	35.81)	/ 2 )
	=	-0.144	/	36.462
	=	-0.39 %

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.

Kip McGrath Education Centres'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 )
=	14.816	/	( (37.114	+	35.81)	/ 2 )
=	14.816	/	36.462
=	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.

Kip McGrath Education Centres Total Assets Related Terms

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Kip McGrath Education Centres (ASX:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Kip McGrath Education Centres Ltd (ASX:KME) » Definitions » Total Assets

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Address

7 Bond Street, Newcastle, NSW, AUS, 2300

Website

https://www.kipmcgrath.com

Kip McGrath Education Centres Ltd offers supplementary education to students through the franchise in Australia and overseas, in the United Kingdom and New Zealand. Its products are face to face tuition programs, direct at-home educational products and online tertiary courses. Geographically, the company operates in Australasia, the United Kingdom and Europe, and Other overseas regions. It derives revenue from franchise fees, student lesson fees, sales of master territories and franchise centres, and direct sales, of which a majority of the revenue is derived from franchise fees.