Fiducian Group (ASX:FID) Total Assets : A$69.21 Mil (As of Dec. 2023)

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What is Fiducian Group Total Assets?

Fiducian Group's Total Assets for the quarter that ended in Dec. 2023 was A$69.21 Mil.

Warning Sign:

If a company builds assets at 13.4% a year, faster than its revenue growth rate of 10.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Fiducian Group's average Total Assets Growth Rate was -5.90% per year. During the past 3 years, the average Total Assets Growth Rate was 6.70% per year. During the past 5 years, the average Total Assets Growth Rate was 13.40% per year. During the past 10 years, the average Total Assets Growth Rate was 15.00% per year.

During the past 13 years, Fiducian Group's highest 3-Year average Total Assets Growth Rate was 153.70%. The lowest was -17.80%. And the median was 9.85%.

Total Assets is connected with ROA %. Fiducian Group's annualized ROA % for the quarter that ended in Dec. 2023 was 19.77%. Total Assets is also linked to Revenue through Asset Turnover. Fiducian Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.56.

Fiducian Group Total Assets Historical Data

The historical data trend for Fiducian 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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Fiducian Group Total Assets Chart

Fiducian Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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45.89

54.65

58.60

70.69

69.15

Fiducian Group Semi-Annual Data
	Dec13	Jun14	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															60.87	70.69	68.96	69.15	69.21

Fiducian 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.

Fiducian 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 )
	=	50.905	+	18.242
	=	69.15

Fiducian Group'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 )
	=	52.079	+	17.135
	=	69.21

Fiducian Group (ASX:FID) Total Assets Explanation

Total Assets is connected with ROA %.

Fiducian Group'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 )
	=	13.678	/	( (69.147	+	69.214)	/ 2 )
	=	13.678	/	69.1805
	=	19.77 %

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.

Fiducian Group'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 )
=	39.003	/	( (69.147	+	69.214)	/ 2 )
=	39.003	/	69.1805
=	0.56

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.

Fiducian Group Total Assets Related Terms

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Fiducian Group (ASX:FID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fiducian Group Ltd (ASX:FID) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

1 York Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.fiducian.com.au

Fiducian Group Ltd operates as a financial services company. It provides support to accountants for bookkeeping, accounts preparation and self-managed superannuation fund administration. The company has three segments namely Funds Management, Financial Planning, and Corporate services and Platform Administration. It generates maximum revenue from the Financial Planning Segment. The group operates mostly in Australia and India.