Hipgnosis Songs Fund (LSE:SONG) Total Assets : £1,656.15 Mil (As of Sep. 2023)

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What is Hipgnosis Songs Fund Total Assets?

Hipgnosis Songs Fund's Total Assets for the quarter that ended in Sep. 2023 was £1,656.15 Mil.

During the past 12 months, Hipgnosis Songs Fund's average Total Assets Growth Rate was -13.70% per year. During the past 3 years, the average Total Assets Growth Rate was 32.60% per year.

During the past 5 years, Hipgnosis Songs Fund's highest 3-Year average Total Assets Growth Rate was 134.80%. The lowest was 32.60%. And the median was 83.70%.

Total Assets is connected with ROA %. Hipgnosis Songs Fund's annualized ROA % for the quarter that ended in Sep. 2023 was -6.00%. Total Assets is also linked to Revenue through Asset Turnover. Hipgnosis Songs Fund's Asset Turnover for the quarter that ended in Sep. 2023 was 0.02.

Hipgnosis Songs Fund Total Assets Historical Data

The historical data trend for Hipgnosis Songs Fund'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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Hipgnosis Songs Fund Total Assets Chart

Hipgnosis Songs Fund Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

235.36

749.22

1,516.41

1,679.46

1,745.67

Hipgnosis Songs Fund Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial				1,639.50	1,679.46	1,918.09	1,745.67	1,656.15

Hipgnosis Songs Fund 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.

Hipgnosis Songs Fund's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	1182.056	+	563.609
	=	1,745.67

Hipgnosis Songs Fund's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	1075.875	+	580.276
	=	1,656.15

Hipgnosis Songs Fund (LSE:SONG) Total Assets Explanation

Total Assets is connected with ROA %.

Hipgnosis Songs Fund's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-102.132	/	( (1745.665	+	1656.151)	/ 2 )
	=	-102.132	/	1700.908
	=	-6.00 %

Note: The Net Income data used here is two times the semi-annual (Sep. 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.

Hipgnosis Songs Fund's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	31.189	/	( (1745.665	+	1656.151)	/ 2 )
=	31.189	/	1700.908
=	0.02

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.

Hipgnosis Songs Fund Total Assets Related Terms

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Hipgnosis Songs Fund (LSE:SONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hipgnosis Songs Fund Ltd (LSE:SONG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.hipgnosissongs.com

Hipgnosis Songs Fund Ltd is an investment company. The company's investment objective is to provide shareholders with an attractive and growing level of income, together with the potential for capital growth. It offers to play exposure to songs and associated musical intellectual property rights. Hipgnosis Songs Fund serves customers globally.