Livestock Improvement (NZSE:LIC) Total Assets : NZ$410.5 Mil (As of Nov. 2023)

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What is Livestock Improvement Total Assets?

Livestock Improvement's Total Assets for the quarter that ended in Nov. 2023 was NZ$410.5 Mil.

During the past 12 months, Livestock Improvement's average Total Assets Growth Rate was 15.80% per year. During the past 3 years, the average Total Assets Growth Rate was -5.10% per year. During the past 5 years, the average Total Assets Growth Rate was -0.20% per year. During the past 10 years, the average Total Assets Growth Rate was 4.40% per year.

During the past 13 years, Livestock Improvement's highest 3-Year average Total Assets Growth Rate was 31.30%. The lowest was -5.10%. And the median was 8.00%.

Total Assets is connected with ROA %. Livestock Improvement's annualized ROA % for the quarter that ended in Nov. 2023 was 14.20%. Total Assets is also linked to Revenue through Asset Turnover. Livestock Improvement's Asset Turnover for the quarter that ended in Nov. 2023 was 0.42.

Livestock Improvement Total Assets Historical Data

The historical data trend for Livestock Improvement'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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Livestock Improvement Total Assets Chart

Livestock Improvement Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Total Assets

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341.73

380.74

379.94

382.01

385.61

Livestock Improvement Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	Nov23
Total Assets	Get a 7-Day Free Trial															382.01	428.43	385.61	405.65	410.54

Livestock Improvement 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.

Livestock Improvement's Total Assets for the fiscal year that ended in May. 2022 is calculated as

Total Assets	=	Total Equity (A: May. 2022 )	+	Total Liabilities (A: May. 2022 )
	=	293.057	+	92.553
	=	385.6

Livestock Improvement's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	312.546	+	97.997
	=	410.5

Livestock Improvement (NZSE:LIC) Total Assets Explanation

Total Assets is connected with ROA %.

Livestock Improvement's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	57.962	/	( (405.65	+	410.543)	/ 2 )
	=	57.962	/	408.0965
	=	14.20 %

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

Livestock Improvement's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	171.949	/	( (405.65	+	410.543)	/ 2 )
=	171.949	/	408.0965
=	0.42

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.

Livestock Improvement Total Assets Related Terms

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Livestock Improvement (NZSE:LIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Livestock Improvement Corp Ltd (NZSE:LIC) » Definitions » Total Assets

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Address

605 Ruakura Road, Newstead, Hamilton, NTL, NZL, 3286

Website

https://www.lic.co.nz

Livestock Improvement Corp Ltd is an agri-tech and herd improvement company. The company's operating segments include NZ market genetics; Herd testing; Farm software and Diagnostics. It generates maximum revenue from the NZ market genetics segment. The NZ market genetics segment provides bovine genetic breeding material and related services, predominately to dairy farmers. Geographically, it derives a majority of revenue from New Zealand.

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