Argo Blockchain (LSE:ARB) Total Assets : £59.99 Mil (As of Dec. 2023)

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What is Argo Blockchain Total Assets?

Argo Blockchain's Total Assets for the quarter that ended in Dec. 2023 was £59.99 Mil.

During the past 12 months, Argo Blockchain's average Total Assets Growth Rate was -26.90% per year. During the past 3 years, the average Total Assets Growth Rate was 26.90% per year. During the past 5 years, the average Total Assets Growth Rate was 62.80% per year.

During the past 6 years, Argo Blockchain's highest 3-Year average Total Assets Growth Rate was 234.90%. The lowest was 26.90%. And the median was 46.30%.

Total Assets is connected with ROA %. Argo Blockchain's annualized ROA % for the quarter that ended in Dec. 2023 was -43.95%. Total Assets is also linked to Revenue through Asset Turnover. Argo Blockchain's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Argo Blockchain Total Assets Historical Data

The historical data trend for Argo Blockchain'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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Argo Blockchain Total Assets Chart

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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24.74

33.10

291.89

90.50

59.99

Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial												90.50	81.58	70.35	67.89	59.99

Argo Blockchain 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.

Argo Blockchain's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	0.125	+	59.868
	=	59.99

Argo Blockchain'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 )
	=	0.125	+	59.868
	=	59.99

Argo Blockchain (LSE:ARB) Total Assets Explanation

Total Assets is connected with ROA %.

Argo Blockchain's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-28.1	/	( (67.886	+	59.993)	/ 2 )
	=	-28.1	/	63.9395
	=	-43.95 %

Note: The Net Income data used here is four times the quarterly (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.

Argo Blockchain's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	13.91	/	( (67.886	+	59.993)	/ 2 )
=	13.91	/	63.9395
=	0.22

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.

Argo Blockchain Total Assets Related Terms

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Argo Blockchain (LSE:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (LSE:ARB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ARBK:USA ARBKF:USA ARBl:UK 0XP:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.