FirstWave Cloud Technology (ASX:FCT) Total Assets : A$62.41 Mil (As of Dec. 2023)

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What is FirstWave Cloud Technology Total Assets?

FirstWave Cloud Technology's Total Assets for the quarter that ended in Dec. 2023 was A$62.41 Mil.

During the past 12 months, FirstWave Cloud Technology's average Total Assets Growth Rate was -9.60% per year. During the past 3 years, the average Total Assets Growth Rate was 79.60% per year. During the past 5 years, the average Total Assets Growth Rate was 61.30% per year. During the past 10 years, the average Total Assets Growth Rate was 39.40% per year.

During the past 13 years, FirstWave Cloud Technology's highest 3-Year average Total Assets Growth Rate was 320.70%. The lowest was -65.80%. And the median was 24.95%.

Total Assets is connected with ROA %. FirstWave Cloud Technology's annualized ROA % for the quarter that ended in Dec. 2023 was -7.53%. Total Assets is also linked to Revenue through Asset Turnover. FirstWave Cloud Technology's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.

FirstWave Cloud Technology Total Assets Historical Data

The historical data trend for FirstWave Cloud 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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FirstWave Cloud Technology Total Assets Chart

FirstWave Cloud Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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15.95

25.25

24.88

76.74

63.33

FirstWave Cloud 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															27.33	76.74	73.51	63.33	62.41

FirstWave Cloud 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.

FirstWave Cloud 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 )
	=	52.43	+	10.9
	=	63.33

FirstWave Cloud 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 )
	=	52.37	+	10.04
	=	62.41

FirstWave Cloud Technology (ASX:FCT) Total Assets Explanation

Total Assets is connected with ROA %.

FirstWave Cloud 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 )
	=	-4.732	/	( (63.33	+	62.41)	/ 2 )
	=	-4.732	/	62.87
	=	-7.53 %

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.

FirstWave Cloud 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 )
=	5.782	/	( (63.33	+	62.41)	/ 2 )
=	5.782	/	62.87
=	0.09

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.

FirstWave Cloud Technology Total Assets Related Terms

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FirstWave Cloud Technology (ASX:FCT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » FirstWave Cloud Technology Ltd (ASX:FCT) » Definitions » Total Assets

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Address

132 Arthur Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.firstwave.com

FirstWave Cloud Technology Ltd is engaged in the development and sale of internet security software. The products of the company include NMIS which is a open source network management software, CyberCision Platform, Email security, Web security among others. The company has one reportable segment being the development and sale of internet security software.