Accordant Group (NZSE:AGL) Total Assets : NZ$78.2 Mil (As of Mar. 2024)

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What is Accordant Group Total Assets?

Accordant Group's Total Assets for the quarter that ended in Mar. 2024 was NZ$78.2 Mil.

During the past 12 months, Accordant Group's average Total Assets Growth Rate was -10.70% per year. During the past 3 years, the average Total Assets Growth Rate was -2.00% per year. During the past 5 years, the average Total Assets Growth Rate was -3.80% per year. During the past 10 years, the average Total Assets Growth Rate was 1.50% per year.

During the past 13 years, Accordant Group's highest 3-Year average Total Assets Growth Rate was 33.90%. The lowest was -10.40%. And the median was 9.90%.

Total Assets is connected with ROA %. Accordant Group's annualized ROA % for the quarter that ended in Mar. 2024 was -26.06%. Total Assets is also linked to Revenue through Asset Turnover. Accordant Group's Asset Turnover for the quarter that ended in Mar. 2024 was 1.17.

Accordant Group Total Assets Historical Data

The historical data trend for Accordant 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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Accordant Group Total Assets Chart

Accordant Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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135.27

89.86

91.42

94.88

78.21

Accordant Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															91.42	86.12	94.88	93.29	78.21

Accordant 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.

Accordant Group's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	22.635	+	55.578
	=	78.2

Accordant Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	22.635	+	55.578
	=	78.2

Accordant Group (NZSE:AGL) Total Assets Explanation

Total Assets is connected with ROA %.

Accordant Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-22.344	/	( (93.292	+	78.213)	/ 2 )
	=	-22.344	/	85.7525
	=	-26.06 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) 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.

Accordant Group's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	100.28	/	( (93.292	+	78.213)	/ 2 )
=	100.28	/	85.7525
=	1.17

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.

Accordant Group Total Assets Related Terms

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Accordant Group (NZSE:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Accordant Group Ltd (NZSE:AGL) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

51 Shortland Street, Level 6, P.O. Box 105675, Auckland, NTL, NZL, 1010

Website

https://www.accordant.nz

Accordant Group Ltd is a recruitment and staffing provider company. The group has two reportable segments: AWF and Madison, Absolute IT, and JacksonStone & Partners. The AWF brands derive their revenues from temporary staffing services to the industry. The Madison, Absolute IT, and JacksonStone & Partners brands, which is the key revenue driver, derive revenues from the temporary, contract, and permanent staff services to commerce.