Just Life Group (NZSE:JLG) Total Assets : NZ$54.26 Mil (As of Dec. 2023)

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What is Just Life Group Total Assets?

Just Life Group's Total Assets for the quarter that ended in Dec. 2023 was NZ$54.26 Mil.

Warning Sign:

If a company builds assets at 16.5% a year, faster than its revenue growth rate of 9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Just Life Group's average Total Assets Growth Rate was -4.70% per year. During the past 3 years, the average Total Assets Growth Rate was 18.70% per year. During the past 5 years, the average Total Assets Growth Rate was 16.50% per year. During the past 10 years, the average Total Assets Growth Rate was 12.70% per year.

During the past 13 years, Just Life Group's highest 3-Year average Total Assets Growth Rate was 33.50%. The lowest was -24.70%. And the median was -8.50%.

Total Assets is connected with ROA %. Just Life Group's annualized ROA % for the quarter that ended in Dec. 2023 was 2.59%. Total Assets is also linked to Revenue through Asset Turnover. Just Life Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.33.

Just Life Group Total Assets Historical Data

The historical data trend for Just Life 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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Just Life Group Total Assets Chart

Just Life Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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31.10

32.83

53.11

59.03

54.95

Just Life Group 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															55.82	59.03	56.92	54.95	54.26

Just Life 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.

Just Life Group'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 )
	=	28.358	+	26.596
	=	54.95

Just Life 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 )
	=	28.436	+	25.828
	=	54.26

Just Life Group (NZSE:JLG) Total Assets Explanation

Total Assets is connected with ROA %.

Just Life 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 )
	=	1.414	/	( (54.954	+	54.264)	/ 2 )
	=	1.414	/	54.609
	=	2.59 %

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.

Just Life 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 )
=	17.994	/	( (54.954	+	54.264)	/ 2 )
=	17.994	/	54.609
=	0.33

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.

Just Life Group Total Assets Related Terms

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Just Life Group (NZSE:JLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Just Life Group Ltd (NZSE:JLG) » Definitions » Total Assets

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Address

130 Hugo Johnston Drive, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.justlifegroup.co.nz

Just Life Group Ltd is a New Zealand based company that is focused on supplying products and services that enhance the lives of people. It has two operating segments: Healthy Living and Healthy Homes. Through these segments, it is engaged in the provision of filtered water solutions to customers including the sale of water and water-related products and enabling healthier homes with its Solatube daylighting products, the Cylinder Guy, Designer Tanks and Unovent home ventilation systems.

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