GETECH Group (LSE:GTC) Total Assets : £9.93 Mil (As of Jun. 2023)

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What is GETECH Group Total Assets?

GETECH Group's Total Assets for the quarter that ended in Jun. 2023 was £9.93 Mil.

During the past 12 months, GETECH Group's average Total Assets Growth Rate was -16.90% per year. During the past 3 years, the average Total Assets Growth Rate was -4.30% per year. During the past 5 years, the average Total Assets Growth Rate was -12.10% per year. During the past 10 years, the average Total Assets Growth Rate was 4.50% per year.

During the past 13 years, GETECH Group's highest 3-Year average Total Assets Growth Rate was 134.70%. The lowest was -16.70%. And the median was 9.10%.

Total Assets is connected with ROA %. GETECH Group's annualized ROA % for the quarter that ended in Jun. 2023 was -49.33%. Total Assets is also linked to Revenue through Asset Turnover. GETECH Group's Asset Turnover for the quarter that ended in Jun. 2023 was 0.17.

GETECH Group Total Assets Historical Data

The historical data trend for GETECH 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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GETECH Group Total Assets Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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17.28

12.80

10.71

15.05

12.44

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															17.22	15.05	13.83	12.44	9.93

GETECH 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.

GETECH Group's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	9.38	+	3.057
	=	12.44

GETECH Group's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	6.737	+	3.196
	=	9.93

GETECH Group (LSE:GTC) Total Assets Explanation

Total Assets is connected with ROA %.

GETECH Group's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-5.518	/	( (12.437	+	9.933)	/ 2 )
	=	-5.518	/	11.185
	=	-49.33 %

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

GETECH Group's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	1.851	/	( (12.437	+	9.933)	/ 2 )
=	1.851	/	11.185
=	0.17

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.

GETECH Group Total Assets Related Terms

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GETECH Group (LSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » Total Assets

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3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

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