Heritage Global (XCNQ:HGP) Total Assets : C$111.58 Mil (As of Dec. 2023)

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What is Heritage Global Total Assets?

Heritage Global's Total Assets for the quarter that ended in Dec. 2023 was C$111.58 Mil.

Warning Sign:

If a company builds assets at 37.1% a year, faster than its revenue growth rate of 13% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Heritage Global's average Total Assets Growth Rate was 29.10% per year. During the past 3 years, the average Total Assets Growth Rate was 49.60% per year. During the past 5 years, the average Total Assets Growth Rate was 37.10% per year. During the past 10 years, the average Total Assets Growth Rate was 8.30% per year.

During the past 13 years, Heritage Global's highest 3-Year average Total Assets Growth Rate was 209.40%. The lowest was -66.60%. And the median was 23.10%.

Total Assets is connected with ROA %. Heritage Global's annualized ROA % for the quarter that ended in Dec. 2023 was 23.24%. Total Assets is also linked to Revenue through Asset Turnover. Heritage Global's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.

Heritage Global Total Assets Historical Data

The historical data trend for Heritage Global'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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Heritage Global Total Assets Chart

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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28.86

57.07

64.59

91.78

111.58

Heritage Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															91.78	103.37	106.13	114.25	111.58

Heritage Global 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.

Heritage Global's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	81.945	+	29.633
	=	111.58

Heritage Global'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 )
	=	81.945	+	29.633
	=	111.58

Heritage Global (XCNQ:HGP) Total Assets Explanation

Total Assets is connected with ROA %.

Heritage Global's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	26.24	/	( (114.253	+	111.578)	/ 2 )
	=	26.24	/	112.9155
	=	23.24 %

Note: The Net Income data used here is four times the quarterly (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.

Heritage Global's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	20.505	/	( (114.253	+	111.578)	/ 2 )
=	20.505	/	112.9155
=	0.18

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.

Heritage Global Total Assets Related Terms

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Heritage Global (XCNQ:HGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (XCNQ:HGP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

HGBL:USA LGC:Germany

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

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