Various Eateries (LSE:VARE) Total Assets : £66.64 Mil (As of Sep. 2023)

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What is Various Eateries Total Assets?

Various Eateries's Total Assets for the quarter that ended in Sep. 2023 was £66.64 Mil.

Warning Sign:

If a company builds assets at 13.5% a year, faster than its revenue growth rate of 8.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Various Eateries's average Total Assets Growth Rate was 3.90% per year. During the past 3 years, the average Total Assets Growth Rate was -3.30% per year. During the past 5 years, the average Total Assets Growth Rate was 13.50% per year.

During the past 7 years, Various Eateries's highest 3-Year average Total Assets Growth Rate was 21.90%. The lowest was -3.30%. And the median was 16.55%.

Total Assets is connected with ROA %. Various Eateries's annualized ROA % for the quarter that ended in Sep. 2023 was -7.13%. Total Assets is also linked to Revenue through Asset Turnover. Various Eateries's Asset Turnover for the quarter that ended in Sep. 2023 was 0.37.

Various Eateries Total Assets Historical Data

The historical data trend for Various Eateries'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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Various Eateries Total Assets Chart

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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36.21

72.57

70.50

71.68

66.64

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial							70.50	70.89	71.68	66.71	66.64

Various Eateries 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.

Various Eateries's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	11.34	+	55.298
	=	66.64

Various Eateries's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	11.34	+	55.298
	=	66.64

Various Eateries (LSE:VARE) Total Assets Explanation

Total Assets is connected with ROA %.

Various Eateries's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-4.754	/	( (66.71	+	66.638)	/ 2 )
	=	-4.754	/	66.674
	=	-7.13 %

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

Various Eateries's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	24.917	/	( (66.71	+	66.638)	/ 2 )
=	24.917	/	66.674
=	0.37

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.

Various Eateries Total Assets Related Terms

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Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

Various Eateries (LSE:VARE) Headlines

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