Discovery (JSE:DSY) Total Assets : R261,924 Mil (As of Dec. 2023)

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What is Discovery Total Assets?

Discovery's Total Assets for the quarter that ended in Dec. 2023 was R261,924 Mil.

Warning Sign:

If a company builds assets at 14.8% a year, faster than its revenue growth rate of 8.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Discovery's average Total Assets Growth Rate was -7.40% per year. During the past 3 years, the average Total Assets Growth Rate was 13.50% per year. During the past 5 years, the average Total Assets Growth Rate was 14.80% per year. During the past 10 years, the average Total Assets Growth Rate was 19.20% per year.

During the past 13 years, Discovery's highest 3-Year average Total Assets Growth Rate was 44.90%. The lowest was 13.50%. And the median was 30.70%.

Total Assets is connected with ROA %. Discovery's annualized ROA % for the quarter that ended in Dec. 2023 was 2.38%. Total Assets is also linked to Revenue through Asset Turnover. Discovery's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.

Discovery Total Assets Historical Data

The historical data trend for Discovery'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.

* Premium members only.

Discovery Total Assets Chart

Discovery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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180,233.00

210,328.00

246,821.00

271,367.00

301,927.00

Discovery 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															274,390.00	271,367.00	284,950.00	301,927.00	261,924.00

Discovery 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.

Discovery'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 )
	=	63974	+	237953
	=	301,927

Discovery'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 )
	=	52206	+	209718
	=	261,924

Discovery (JSE:DSY) Total Assets Explanation

Total Assets is connected with ROA %.

Discovery'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 )
	=	6696	/	( (301927	+	261924)	/ 2 )
	=	6696	/	281925.5
	=	2.38 %

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.

Discovery'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 )
=	31499	/	( (301927	+	261924)	/ 2 )
=	31499	/	281925.5
=	0.11

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.

Discovery Total Assets Related Terms

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Discovery (JSE:DSY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Discovery Ltd (JSE:DSY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

DSBP.PFD:South Africa DCYHF:USA D3H:Germany

Address

1 Discovery Place, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.discovery.co.za

Discovery Ltd sells multiple insurance products and provides investment management services. The company has reportable segments based on a combination of products and services which are Health South Africa, Life South Africa, Invest South Africa, Vitality South Africa, Insure South Africa, Bank South Africa, Health United Kingdom, Life United Kingdom, and other segment which include SA insure, SA bank, SA distribution, vitality group. It serves employers for health insurance, as well as individual clients who buy health and life insurance and investment products across the UK, US, China, Singapore, and Australia.