Advanced Braking Technology (ASX:ABV) Total Assets : A$10.68 Mil (As of Dec. 2023)

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What is Advanced Braking Technology Total Assets?

Advanced Braking Technology's Total Assets for the quarter that ended in Dec. 2023 was A$10.68 Mil.

Warning Sign:

If a company builds assets at 10% a year, faster than its revenue growth rate of 4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Advanced Braking Technology's average Total Assets Growth Rate was 34.20% per year. During the past 3 years, the average Total Assets Growth Rate was 17.90% per year. During the past 5 years, the average Total Assets Growth Rate was 10.00% per year. During the past 10 years, the average Total Assets Growth Rate was 0.60% per year.

During the past 13 years, Advanced Braking Technology's highest 3-Year average Total Assets Growth Rate was 53.30%. The lowest was -55.20%. And the median was 0.50%.

Total Assets is connected with ROA %. Advanced Braking Technology's annualized ROA % for the quarter that ended in Dec. 2023 was 14.57%. Total Assets is also linked to Revenue through Asset Turnover. Advanced Braking Technology's Asset Turnover for the quarter that ended in Dec. 2023 was 0.66.

Advanced Braking Technology Total Assets Historical Data

The historical data trend for Advanced Braking Technology'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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Advanced Braking Technology Total Assets Chart

Advanced Braking Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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5.72

5.96

6.83

7.66

10.96

Advanced Braking Technology 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															7.17	7.66	8.65	10.96	10.68

Advanced Braking Technology 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.

Advanced Braking Technology'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 )
	=	6.947	+	4.012
	=	10.96

Advanced Braking Technology'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 )
	=	7.854	+	2.822
	=	10.68

Advanced Braking Technology (ASX:ABV) Total Assets Explanation

Total Assets is connected with ROA %.

Advanced Braking Technology'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 )
	=	1.576	/	( (10.959	+	10.676)	/ 2 )
	=	1.576	/	10.8175
	=	14.57 %

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.

Advanced Braking Technology'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 )
=	7.112	/	( (10.959	+	10.676)	/ 2 )
=	7.112	/	10.8175
=	0.66

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.

Advanced Braking Technology Total Assets Related Terms

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Advanced Braking Technology (ASX:ABV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Advanced Braking Technology Ltd (ASX:ABV) » Definitions » Total Assets

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Address

73 Inspiration Drive, Wangara, WA, AUS, 6065

Website

https://www.advancedbraking.com

Advanced Braking Technology Ltd is an Australian firm engaged in the commercialisation, research, development, and manufacture of the ABT Failsafe Brakes, ABT Failsafe Emergency Driveline Brakes, Terra Dura Brakes, and associated braking systems. It develops its product portfolio for a diverse range of industries such as mining, defense, civil construction, and waste management industries. Geographically, the company generates a majority of its revenue from Australia and exports overseas.

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