Tap Global Group (AQSE:TAP) Total Assets : £3.00 Mil (As of Jun. 2022)

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What is Tap Global Group Total Assets?

Tap Global Group's Total Assets for the quarter that ended in Jun. 2022 was £3.00 Mil.

During the past 12 months, Tap Global Group's average Total Assets Growth Rate was 20888.00% per year. During the past 3 years, the average Total Assets Growth Rate was 1249.10% per year. During the past 5 years, the average Total Assets Growth Rate was 300.60% per year.

During the past 9 years, Tap Global Group's highest 3-Year average Total Assets Growth Rate was 1249.10%. The lowest was -52.10%. And the median was 34.45%.

Total Assets is connected with ROA %. Tap Global Group's annualized ROA % for the quarter that ended in Jun. 2022 was -9.90%. Total Assets is also linked to Revenue through Asset Turnover. Tap Global Group's Asset Turnover for the quarter that ended in Jun. 2022 was 0.02.

Tap Global Group Total Assets Historical Data

The historical data trend for Tap Global 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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Tap Global Group Total Assets Chart

Tap Global Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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0.01

3.18

3.00

26.89

Tap Global Group Semi-Annual Data
	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Total Assets	Get a 7-Day Free Trial				0.01	0.01	3.18	3.00	26.89

Tap Global 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.

Tap Global 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 )
	=	25.683	+	1.208
	=	26.89

Tap Global Group's Total Assets for the quarter that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2022 )	+	Total Liabilities (Q: Jun. 2022 )
	=	2.859	+	0.14
	=	3.00

Tap Global Group (AQSE:TAP) Total Assets Explanation

Total Assets is connected with ROA %.

Tap Global Group's annualized ROA % for the quarter that ended in Jun. 2022 is

ROA %	=	Net Income (Q: Jun. 2022 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
	=	-0.306	/	( (3.184	+	2.999)	/ 2 )
	=	-0.306	/	3.0915
	=	-9.90 %

Note: The Net Income data used here is one times the annual (Jun. 2022) 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.

Tap Global Group's Asset Turnover for the quarter that ended in Jun. 2022 is

	Asset Turnover
=	Revenue (Q: Jun. 2022 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
=	0.05	/	( (3.184	+	2.999)	/ 2 )
=	0.05	/	3.0915
=	0.02

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.

Tap Global Group Total Assets Related Terms

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Tap Global Group (AQSE:TAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tap Global Group Plc (AQSE:TAP) » Definitions » Total Assets

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8J9:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.tap.global

Tap Global Group Plc is a regulated and fully integrated crypto-fiat exchange service provider with an associated neo banking platform. Tap's mission is to create a seamless and fully regulated bridge that links fiat banking, traditional assets and crypto markets. Built on its exchange foundation, the company also offers consumer and corporate crypto-fiat banking services and DeFi yield products.