NextEd Group (ASX:NXD) Total Assets : A$166.0 Mil (As of Dec. 2023)

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What is NextEd Group Total Assets?

NextEd Group's Total Assets for the quarter that ended in Dec. 2023 was A$166.0 Mil.

Warning Sign:

If a company builds assets at 76.7% a year, faster than its revenue growth rate of 54.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, NextEd Group's average Total Assets Growth Rate was 29.40% per year. During the past 3 years, the average Total Assets Growth Rate was 199.70% per year. During the past 5 years, the average Total Assets Growth Rate was 76.70% per year. During the past 10 years, the average Total Assets Growth Rate was 65.50% per year.

During the past 13 years, NextEd Group's highest 3-Year average Total Assets Growth Rate was 439.30%. The lowest was -77.50%. And the median was 32.25%.

Total Assets is connected with ROA %. NextEd Group's annualized ROA % for the quarter that ended in Dec. 2023 was -0.25%. Total Assets is also linked to Revenue through Asset Turnover. NextEd Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.35.

NextEd Group Total Assets Historical Data

The historical data trend for NextEd Group'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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NextEd Group Total Assets Chart

NextEd Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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4.45

6.27

12.56

134.69

172.07

NextEd Group 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															116.13	134.69	150.74	172.07	166.02

NextEd Group 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.

NextEd Group'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 )
	=	65.438	+	106.632
	=	172.1

NextEd Group'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 )
	=	65.809	+	100.213
	=	166.0

NextEd Group (ASX:NXD) Total Assets Explanation

Total Assets is connected with ROA %.

NextEd Group'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 )
	=	-0.428	/	( (172.07	+	166.022)	/ 2 )
	=	-0.428	/	169.046
	=	-0.25 %

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.

NextEd Group'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 )
=	59.201	/	( (172.07	+	166.022)	/ 2 )
=	59.201	/	169.046
=	0.35

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.

NextEd Group Total Assets Related Terms

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NextEd Group (ASX:NXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » NextEd Group Ltd (ASX:NXD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Kelly Street, Level 2, Ultimo, NSW, AUS, 2007

Website

https://www.nexted.com.au

NextEd Group Ltd is engaged in the provision of vocational education and training solutions. It offers training predominantly in the areas of Allied Health and Community Services. It currently provides training to a range of existing workers, job seekers, and school leavers throughout campuses. Its segments are Technology & Design, International Vocational, Go Study and Domestic Vocational.

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