Vonex (ASX:VN8) Total Assets : A$36.69 Mil (As of Dec. 2023)

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What is Vonex Total Assets?

Vonex's Total Assets for the quarter that ended in Dec. 2023 was A$36.69 Mil.

Warning Sign:

If a company builds assets at 95.8% a year, faster than its revenue growth rate of 8.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Vonex's average Total Assets Growth Rate was -6.40% per year. During the past 3 years, the average Total Assets Growth Rate was 72.30% per year. During the past 5 years, the average Total Assets Growth Rate was 95.80% per year.

During the past 7 years, Vonex's highest 3-Year average Total Assets Growth Rate was 171.40%. The lowest was 49.70%. And the median was 66.15%.

Total Assets is connected with ROA %. Vonex's annualized ROA % for the quarter that ended in Dec. 2023 was -6.82%. Total Assets is also linked to Revenue through Asset Turnover. Vonex's Asset Turnover for the quarter that ended in Dec. 2023 was 0.67.

Vonex Total Assets Historical Data

The historical data trend for Vonex'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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Vonex Total Assets Chart

Vonex Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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5.42

11.58

11.74

48.07

36.43

Vonex Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							48.70	48.07	39.51	36.43	36.69

Vonex 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.

Vonex'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 )
	=	-2.927	+	39.358
	=	36.43

Vonex'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 )
	=	-3.625	+	40.316
	=	36.69

Vonex (ASX:VN8) Total Assets Explanation

Total Assets is connected with ROA %.

Vonex'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 )
	=	-2.494	/	( (36.431	+	36.691)	/ 2 )
	=	-2.494	/	36.561
	=	-6.82 %

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.

Vonex'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 )
=	24.367	/	( (36.431	+	36.691)	/ 2 )
=	24.367	/	36.561
=	0.67

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.

Vonex Total Assets Related Terms

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Vonex (ASX:VN8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonex Ltd (ASX:VN8) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Coronation Drive, Level 6, Milton, QLD, AUS, 4064

Website

https://www.vonex.com.au

Vonex Ltd is an Australia-based telecommunications company. It is organized into three operating segments. The retail segment is engaged in the sale of hardware and telecommunication services including the provision of data, internet, voice (including IP voice), and other services; the Wholesale segment is engaged in offering wholesale white-label hosted PBX services under license for Internet Service Providers, Telco's and Cloud Vendors; and Corporate segment is engaged in managing the corporate affairs of the group, and special development projects such as the Oper8tor App. Geographically, the company has operations in Australia and the United States. It generates a vast majority of the revenues from the retail segment within Australia.

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