Springfield Properties (LSE:SPR) Total Assets : £327.3 Mil (As of Nov. 2023)

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What is Springfield Properties Total Assets?

Springfield Properties's Total Assets for the quarter that ended in Nov. 2023 was £327.3 Mil.

Warning Sign:

If a company builds assets at 17.7% a year, faster than its revenue growth rate of 7.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Springfield Properties's average Total Assets Growth Rate was -4.00% per year. During the past 3 years, the average Total Assets Growth Rate was 17.70% per year. During the past 5 years, the average Total Assets Growth Rate was 17.70% per year.

During the past 9 years, Springfield Properties's highest 3-Year average Total Assets Growth Rate was 30.20%. The lowest was 13.50%. And the median was 21.10%.

Total Assets is connected with ROA %. Springfield Properties's annualized ROA % for the quarter that ended in Nov. 2023 was 0.73%. Total Assets is also linked to Revenue through Asset Turnover. Springfield Properties's Asset Turnover for the quarter that ended in Nov. 2023 was 0.37.

Springfield Properties Total Assets Historical Data

The historical data trend for Springfield Properties'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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Springfield Properties Total Assets Chart

Springfield Properties Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

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180.87

198.19

208.42

287.70

329.68

Springfield Properties Semi-Annual Data
	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial												292.06	287.70	349.74	329.68	327.27

Springfield Properties 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.

Springfield Properties's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	150.633	+	179.049
	=	329.7

Springfield Properties's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	151.245	+	176.027
	=	327.3

Springfield Properties (LSE:SPR) Total Assets Explanation

Total Assets is connected with ROA %.

Springfield Properties's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	2.382	/	( (329.682	+	327.272)	/ 2 )
	=	2.382	/	328.477
	=	0.73 %

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

Springfield Properties's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	121.685	/	( (329.682	+	327.272)	/ 2 )
=	121.685	/	328.477
=	0.37

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.

Springfield Properties Total Assets Related Terms

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Springfield Properties (LSE:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springfield Properties PLC (LSE:SPR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

9MZ:Germany

Address

8 Southfield Drive, Alexander Fleming House, Elgin, Morayshire, GBR, IV30 6GR

Website

https://www.thespringfieldgroup.co.uk

Springfield Properties PLC is a housebuilder focused on developing a mix of private and affordable housing in Scotland. The group primarily focuses on sourcing land for private housing in areas with high growth potential and progressing those developments through the planning process. It has one segment that is Housing building activity in the United Kingdom. It earns revenue from private residential properties, affordable housing, contact housing and others.