Smart Parking (ASX:SPZ) Total Assets : A$57.24 Mil (As of Dec. 2023)

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What is Smart Parking Total Assets?

Smart Parking's Total Assets for the quarter that ended in Dec. 2023 was A$57.24 Mil.

Warning Sign:

If a company builds assets at 15.9% a year, faster than its revenue growth rate of 9.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Smart Parking's average Total Assets Growth Rate was 26.90% per year. During the past 3 years, the average Total Assets Growth Rate was 17.20% per year. During the past 5 years, the average Total Assets Growth Rate was 15.90% per year. During the past 10 years, the average Total Assets Growth Rate was 10.20% per year.

During the past 13 years, Smart Parking's highest 3-Year average Total Assets Growth Rate was 644.80%. The lowest was -74.10%. And the median was 4.80%.

Total Assets is connected with ROA %. Smart Parking's annualized ROA % for the quarter that ended in Dec. 2023 was 8.12%. Total Assets is also linked to Revenue through Asset Turnover. Smart Parking's Asset Turnover for the quarter that ended in Dec. 2023 was 0.47.

Smart Parking Total Assets Historical Data

The historical data trend for Smart Parking'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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Smart Parking Total Assets Chart

Smart Parking Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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29.02

34.14

39.82

49.14

55.97

Smart Parking 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															45.97	49.14	48.29	55.97	57.24

Smart Parking 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.

Smart Parking'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 )
	=	23.699	+	32.273
	=	55.97

Smart Parking'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 )
	=	26.041	+	31.194
	=	57.24

Smart Parking (ASX:SPZ) Total Assets Explanation

Total Assets is connected with ROA %.

Smart Parking'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 )
	=	4.596	/	( (55.972	+	57.235)	/ 2 )
	=	4.596	/	56.6035
	=	8.12 %

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.

Smart Parking'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 )
=	26.581	/	( (55.972	+	57.235)	/ 2 )
=	26.581	/	56.6035
=	0.47

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.

Smart Parking Total Assets Related Terms

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Smart Parking (ASX:SPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Smart Parking Ltd (ASX:SPZ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Dundas Place, Albert Park, VIC, AUS, 3206

Website

https://www.smartparking.com

Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has a presence in North America; UK and Europe; Asia, and Australia.

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