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Bytes Technology Group (JSE:BYI) Total Assets : R7,236 Mil (As of Aug. 2023)


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What is Bytes Technology Group Total Assets?

Bytes Technology Group's Total Assets for the quarter that ended in Aug. 2023 was R7,236 Mil.

During the past 12 months, Bytes Technology Group's average Total Assets Growth Rate was 8.50% per year. During the past 3 years, the average Total Assets Growth Rate was 21.00% per year. During the past 5 years, the average Total Assets Growth Rate was 19.00% per year.

During the past 6 years, Bytes Technology Group's highest 3-Year average Total Assets Growth Rate was 22.10%. The lowest was 15.70%. And the median was 21.00%.

Total Assets is connected with ROA %. Bytes Technology Group's annualized ROA % for the quarter that ended in Aug. 2023 was 17.09%. Total Assets is also linked to Revenue through Asset Turnover. Bytes Technology Group's Asset Turnover for the quarter that ended in Aug. 2023 was 0.37.

Bytes Technology Group Total Assets Historical Data

The historical data trend for Bytes Technology 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.

* Premium members only.

Bytes Technology Group Total Assets Chart

Bytes Technology Group Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Total Assets
Get a 7-Day Free Trial 2,607.64 3,642.95 3,885.49 5,839.05 6,937.05

Bytes Technology Group Semi-Annual Data
Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 4,129.88 5,839.05 5,351.92 6,937.05 7,236.08

Bytes Technology 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.

Bytes Technology Group's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets=Total Equity (A: Feb. 2023 )+Total Liabilities (A: Feb. 2023 )
=1329.962+5607.09
=6,937

Bytes Technology Group's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets=Total Equity (Q: Aug. 2023 )+Total Liabilities (Q: Aug. 2023 )
=1431.109+5804.973
=7,236

* 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.

Bytes Technology Group  (JSE:BYI) Total Assets Explanation

Total Assets is connected with ROA %.

Bytes Technology Group's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %=Net Income (Q: Aug. 2023 )/( (Total Assets (Q: Feb. 2023 )+Total Assets (Q: Aug. 2023 ))/ count )
=1211.282/( (6937.051+7236.082)/ 2 )
=1211.282/7086.5665
=17.09 %

Note: The Net Income data used here is two times the semi-annual (Aug. 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.

Bytes Technology Group's Asset Turnover for the quarter that ended in Aug. 2023 is

Asset Turnover
=Revenue (Q: Aug. 2023 )/( (Total Assets (Q: Feb. 2023 )+Total Assets (Q: Aug. 2023 ))/ count )
=2593.058/( (6937.051+7236.082)/ 2 )
=2593.058/7086.5665
=0.37

* 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.

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.

Bytes Technology Group Total Assets Related Terms

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Bytes Technology Group (JSE:BYI) Business Description

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Address
Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW
Website
https://www.bytesplc.com
Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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