Xref (ASX:XF1) Total Assets : A$17.91 Mil (As of Dec. 2023)

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What is Xref Total Assets?

Xref's Total Assets for the quarter that ended in Dec. 2023 was A$17.91 Mil.

Warning Sign:

If a company builds assets at 31.6% a year, faster than its revenue growth rate of 25.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Xref's average Total Assets Growth Rate was 52.80% per year. During the past 3 years, the average Total Assets Growth Rate was 42.10% per year. During the past 5 years, the average Total Assets Growth Rate was 31.60% per year. During the past 10 years, the average Total Assets Growth Rate was 30.10% per year.

During the past 13 years, Xref's highest 3-Year average Total Assets Growth Rate was 74.20%. The lowest was -53.10%. And the median was 20.60%.

Total Assets is connected with ROA %. Xref's annualized ROA % for the quarter that ended in Dec. 2023 was -40.03%. Total Assets is also linked to Revenue through Asset Turnover. Xref's Asset Turnover for the quarter that ended in Dec. 2023 was 0.49.

Xref Total Assets Historical Data

The historical data trend for Xref'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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Xref Total Assets Chart

Xref Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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11.90

8.47

15.00

20.17

22.90

Xref Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															17.33	20.17	20.80	22.90	17.91

Xref 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.

Xref'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 )
	=	-0.203	+	23.101
	=	22.90

Xref'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 )
	=	-4.489	+	22.4
	=	17.91

Xref (ASX:XF1) Total Assets Explanation

Total Assets is connected with ROA %.

Xref'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 )
	=	-8.168	/	( (22.899	+	17.911)	/ 2 )
	=	-8.168	/	20.405
	=	-40.03 %

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.

Xref'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 )
=	9.925	/	( (22.899	+	17.911)	/ 2 )
=	9.925	/	20.405
=	0.49

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.

Xref Total Assets Related Terms

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Xref (ASX:XF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xref Ltd (ASX:XF1) » Definitions » Total Assets

Comparable Companies

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Address

13 Hickson Road, Suite 13, Level 3, Dawes Point, Sydney, NSW, AUS, 2000

Website

https://www.xref.com

Xref Ltd is a human resources technology company that automates the candidate reference process for employers. It is involved in leveraging databases to provide predictive analytics that enables human resource directors to make data-driven decisions. The company transforms the phone-based, manual procedure into a cloud-based, electronic process. It requests referee information from the candidate and gathers other information, analyses the candidate, and provides the report. Geographically, it derives a majority of its revenue from Australia and also has a presence in Canada; the United Kingdom; Norway; New Zealand, and the United States.

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