Oceania Healthcare's Total Assets for the quarter that ended in Mar. 2024 was NZ$2,782.3 Mil.
Warning Sign:
If a company builds assets at 21.1% a year, faster than its revenue growth rate of 4.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Oceania Healthcare's average Total Assets Growth Rate was 9.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 21.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.10% per year.
During the past 7 years, Oceania Healthcare's highest 3-Year average Total Assets Growth Rate was 24.70%. The lowest was 19.10%. And the median was 22.25%.
The historical data trend for Oceania Healthcare'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.
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.
Oceania Healthcare's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Oceania Healthcare (NZSE:OCA) Total Assets Explanation
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.
Oceania Healthcare's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
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.
Oceania Healthcare Total Assets Related Terms
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Oceania Healthcare (NZSE:OCA) Business Description
Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.
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