Ventia Services Group (ASX:VNT) Total Assets : A$2,934 Mil (As of Dec. 2023)

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What is Ventia Services Group Total Assets?

Ventia Services Group's Total Assets for the quarter that ended in Dec. 2023 was A$2,934 Mil.

During the past 12 months, Ventia Services Group's average Total Assets Growth Rate was 0.60% per year.

Total Assets is connected with ROA %. Ventia Services Group's annualized ROA % for the quarter that ended in Dec. 2023 was 6.85%. Total Assets is also linked to Revenue through Asset Turnover. Ventia Services Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.98.

Ventia Services Group Total Assets Historical Data

The historical data trend for Ventia Services 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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Ventia Services Group Total Assets Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

2,681.40

2,859.00

2,933.60

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	2,681.40	2,872.60	2,859.00	2,992.00	2,933.60

Ventia Services 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.

Ventia Services Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	570.2	+	2363.4
	=	2,934

Ventia Services 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 )
	=	570.2	+	2363.4
	=	2,934

Ventia Services Group (ASX:VNT) Total Assets Explanation

Total Assets is connected with ROA %.

Ventia Services 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 )
	=	203	/	( (2992	+	2933.6)	/ 2 )
	=	203	/	2962.8
	=	6.85 %

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.

Ventia Services 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 )
=	2889.6	/	( (2992	+	2933.6)	/ 2 )
=	2889.6	/	2962.8
=	0.98

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.

Ventia Services Group Total Assets Related Terms

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Ventia Services Group (ASX:VNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Total Assets

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.