DigiAsia (DigiAsia) Total Assets : $31.05 Mil (As of Dec. 2022)

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What is DigiAsia Total Assets?

DigiAsia's Total Assets for the quarter that ended in Dec. 2022 was $31.05 Mil.

During the past 12 months, DigiAsia's average Total Assets Growth Rate was -9.90% per year.

Total Assets is connected with ROA %. DigiAsia's annualized ROA % for the quarter that ended in Dec. 2022 was -14.74%. Total Assets is also linked to Revenue through Asset Turnover. DigiAsia's Asset Turnover for the quarter that ended in Dec. 2022 was 1.48.

DigiAsia Total Assets Historical Data

The historical data trend for DigiAsia'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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DigiAsia Total Assets Chart

DigiAsia Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

26.50

31.05

27.62

DigiAsia Semi-Annual Data
	Dec21	Dec22	Dec23
Total Assets	26.50	31.05	27.62

DigiAsia 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.

DigiAsia'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 )
	=	13.104	+	14.517
	=	27.62

DigiAsia's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	17.942	+	13.11
	=	31.05

DigiAsia (NAS:FAAS) Total Assets Explanation

Total Assets is connected with ROA %.

DigiAsia's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	-4.241	/	( (26.496	+	31.052)	/ 2 )
	=	-4.241	/	28.774
	=	-14.74 %

Note: The Net Income data used here is one times the annual (Dec. 2022) 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.

DigiAsia's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	42.452	/	( (26.496	+	31.052)	/ 2 )
=	42.452	/	28.774
=	1.48

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.

DigiAsia Total Assets Related Terms

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DigiAsia (DigiAsia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigiAsia Corp (NAS:FAAS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Raffles Place, No. 28-02, Singapore, SGP, 048616

Website

https://www.digiasia.asia

DigiAsia Bios Pte Ltd operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a leading fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.