WT Financial Group (ASX:WTL) Total Assets : A$52.9 Mil (As of Dec. 2023)

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What is WT Financial Group Total Assets?

WT Financial Group's Total Assets for the quarter that ended in Dec. 2023 was A$52.9 Mil.

During the past 12 months, WT Financial Group's average Total Assets Growth Rate was 4.70% per year. During the past 3 years, the average Total Assets Growth Rate was 45.50% per year. During the past 5 years, the average Total Assets Growth Rate was 28.90% per year.

During the past 9 years, WT Financial Group's highest 3-Year average Total Assets Growth Rate was 49.80%. The lowest was -13.30%. And the median was -9.35%.

Total Assets is connected with ROA %. WT Financial Group's annualized ROA % for the quarter that ended in Dec. 2023 was 8.70%. Total Assets is also linked to Revenue through Asset Turnover. WT Financial Group's Asset Turnover for the quarter that ended in Dec. 2023 was 1.58.

WT Financial Group Total Assets Historical Data

The historical data trend for WT Financial 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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WT Financial Group Total Assets Chart

WT Financial Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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14.56

15.22

11.65

48.77

47.85

WT Financial Group Semi-Annual Data
	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													28.64	48.77	49.60	47.85	52.94

WT Financial 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.

WT Financial 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 )
	=	25.577	+	22.27
	=	47.8

WT Financial 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 )
	=	27.768	+	25.166
	=	52.9

WT Financial Group (ASX:WTL) Total Assets Explanation

Total Assets is connected with ROA %.

WT Financial 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 )
	=	4.382	/	( (47.847	+	52.935)	/ 2 )
	=	4.382	/	50.391
	=	8.70 %

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.

WT Financial 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 )
=	79.604	/	( (47.847	+	52.935)	/ 2 )
=	79.604	/	50.391
=	1.58

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.

WT Financial Group Total Assets Related Terms

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WT Financial Group (ASX:WTL) Business Description

Industry

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

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Address

95 Pitt Street, Level 5, Australia Square Plaza Building, Sydney, NSW, AUS, 2000

Website

https://www.wtfglimited.com

WT Financial Group Ltd is a diversified financial services company. The company's operating segment includes B2B and B2C. It includes financial planning, investment advice and product sales; Accounting and taxation services, and others. It generates maximum revenue from the financial planning, investment advice and product sales segment. Its Financial planning, investment advice and product sales segment include the provision of a diverse range of financial services encompassing financial planning in self-managed superannuation funds (SMSFs) and direct and SMSF residential real estate investment.

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