Acorn Capital Invest Fund
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Quick analysis of Acorn Capital Invest Fund (30 sec.)

1. Valuation of Acorn Capital Invest Fund (5 min.)

Live pricePrice per share (EOD)

A$0.97

Book Value per Share

A$1.16

2. Growth of Acorn Capital Invest Fund (5 min.)

Is Acorn Capital Invest Fund growing?

	Current year	Previous year	Grow	Grow %
How rich?	$66.7m	$70.5m	$2.6m	3.6%

How much money is Acorn Capital Invest Fund making?

	Current year	Previous year	Grow	Grow %
Making money	-$8.1m	$3m	-$11.1m	?
Net Profit Margin	-3,100.0%	974.3%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Acorn Capital Invest Fund (5 min.)

4. Comparing to competitors in the Asset Management industry (5 min.)

Industry Rankings (Asset Management)

Richest
#574 / 839

Most Revenue
#691 / 839

Most Profit
#646 / 839

Most Efficient
#384 / 839

Fundamentals of Acorn Capital Invest Fund

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.
The company is very efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Acorn Capital Invest Fund.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Acorn Capital Invest Fund earns for each $1 of revenue.

Above 10% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
A Net Profit Margin of 971.0% means that $9.71 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Acorn Capital Invest Fund:

The MRQ is 971.0%. The company is making a huge profit. +2
The TTM is -3,100.0%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	971.0%	TTM	-3,100.0%	+4,071.0%
TTM	-3,100.0%	YOY	974.3%	-4,074.3%
TTM	-3,100.0%	5Y	-75.1%	-3,024.9%
5Y	-75.1%	10Y	-7.8%	-67.2%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	971.0%	73.2%	+897.8%
TTM	-3,100.0%	71.9%	-3,171.9%
YOY	974.3%	77.8%	+896.5%
5Y	-75.1%	66.5%	-141.6%
10Y	-7.8%	62.6%	-70.4%

Measures how much net profit Acorn Capital Invest Fund earns for each $1 of revenue.

Revenue is the amount of profit Acorn Capital Invest Fund generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Acorn Capital Invest Fund earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
Can be used to compare companies within the Asset Management industry.

You typically want a high profit margin. This means that for each $1 in sales, Acorn Capital Invest Fund makes more profit. This shows the investor how efficiently Acorn Capital Invest Fund is operating in general and compared to other companies in the same industry. Acorn Capital Invest Fund operates in the Asset Management industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Acorn Capital Invest Fund. If profit margins remain low (compared to the Asset Management industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Acorn Capital Invest Fund is 9.71. This means that Acorn Capital Invest Fund earned $9.71 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Asset Management industry is 73.2%.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Acorn Capital Invest Fund with other companies in the same industry (Asset Management).
Net profit margin should rise over the years.
Can be influenced when Acorn Capital Invest Fund sells assets (profit will increase while costs remain the same).
It won’t show what part of Acorn Capital Invest Fund is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Acorn Capital Invest Fund

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Acorn Capital Invest Fund = 3,185
Total revenue MRQ Acorn Capital Invest Fund = 328
$3,185 / $328 = 9.71 or 971.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Acorn Capital Invest Fund is using its assets to generate profit.

Above 5% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
3.1% Return on Assets means that Acorn Capital Invest Fund generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Acorn Capital Invest Fund:

The MRQ is 3.1%. Using its assets, the company is less efficient in making profit.
The TTM is -10.5%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	3.1%	TTM	-10.5%	+13.7%
TTM	-10.5%	YOY	3.6%	-14.1%
TTM	-10.5%	5Y	0.8%	-11.4%
5Y	0.8%	10Y	1.1%	-0.3%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	3.1%	0.5%	+2.6%
TTM	-10.5%	0.3%	-10.8%
YOY	3.6%	4.4%	-0.8%
5Y	0.8%	1.6%	-0.8%
10Y	1.1%	2.4%	-1.3%

Shows how efficient Acorn Capital Invest Fund is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Acorn Capital Invest Fund is using its resources to generate profit. If the return on assets (3.1%) from Acorn Capital Invest Fund are higher than the Asset Management mean (0.5%) that means Acorn Capital Invest Fund is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Acorn Capital Invest Fund is 3.1%. This means the company generated $0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Asset Management industry is 0.5%.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Acorn Capital Invest Fund

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Acorn Capital Invest Fund = 3,185
Total assets MRQ (balance sheet) from Acorn Capital Invest Fund = 101,512
3,185 / 101,512 = 0.03 or 3.1%

ROA is an important ratio as it will tell you how effectively Acorn Capital Invest Fund is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Acorn Capital Invest Fund is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
3.2% Return on Equity means Acorn Capital Invest Fund generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Acorn Capital Invest Fund:

The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is -11.2%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	-11.2%	+14.3%
TTM	-11.2%	YOY	4.1%	-15.3%
TTM	-11.2%	5Y	1.1%	-12.2%
5Y	1.1%	10Y	1.3%	-0.2%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	1.3%	+1.9%
TTM	-11.2%	1.0%	-12.2%
YOY	4.1%	7.5%	-3.4%
5Y	1.1%	2.7%	-1.6%
10Y	1.3%	3.7%	-2.4%

Shows how efficient Acorn Capital Invest Fund is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Asset Management industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Acorn Capital Invest Fund is 3.2%. This means Acorn Capital Invest Fund generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Asset Management industry is 1.3%.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if Acorn Capital Invest Fund existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Acorn Capital Invest Fund

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Acorn Capital Invest Fund = 3,185
Shareholders equity (balance sheet) MRQ Acorn Capital Invest Fund = 100,256
3,185 / 100,256 = 0.03 or 3.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Acorn Capital Invest Fund.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Acorn Capital Invest Fund is operating .

Measures how much profit Acorn Capital Invest Fund makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Acorn Capital Invest Fund:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-2,431.1%	+2,431.1%
TTM	-2,431.1%	YOY	797.2%	-3,228.3%
TTM	-2,431.1%	5Y	-170.5%	-2,260.6%
5Y	-170.5%	10Y	-80.3%	-90.3%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	-	46.5%	-46.5%
TTM	-2,431.1%	37.9%	-2,469.0%
YOY	797.2%	62.2%	+735.0%
5Y	-170.5%	44.1%	-214.6%
10Y	-80.3%	42.8%	-123.1%

Measures how efficient Acorn Capital Invest Fund is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Acorn Capital Invest Fund is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Acorn Capital Invest Fund is 0.0%. This means that Acorn Capital Invest Fund earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Asset Management industry is 46.5%.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Acorn Capital Invest Fund

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Acorn Capital Invest Fund = 4,462
Total revenue MRQ Acorn Capital Invest Fund = 328
$4,462 / $328 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Acorn Capital Invest Fund is keeping operating costs low.

Below 1 is considered healthy (always compare to Asset Management industry mean).
An Operation Ratio of 1.82 means that the operating costs are $1.82 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Acorn Capital Invest Fund:

The MRQ is 1.820. The company is inefficient in keeping operating costs low. -1
The TTM is 0.080. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	1.820	TTM	0.080	+1.741
TTM	0.080	YOY	1.473	-1.393
TTM	0.080	5Y	-0.065	+0.145
5Y	-0.065	10Y	-0.028	-0.037

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	1.820	0.330	+1.490
TTM	0.080	0.301	-0.221
YOY	1.473	0.240	+1.233
5Y	-0.065	0.398	-0.463
10Y	-0.028	0.474	-0.502

Measures how efficient Acorn Capital Invest Fund is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Acorn Capital Invest Fund is 182.0%. This means that Acorn Capital Invest Fund earned $1.82 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Asset Management industry is 0.33.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Acorn Capital Invest Fund

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(597 +) \ 328 = 1.82

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Acorn Capital Invest Fund.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Acorn Capital Invest Fund is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Asset Management industry mean).
A Current Ratio of 77.75 means the company has $77.75 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Acorn Capital Invest Fund:

The MRQ is 77.753. The company is very able to pay all its short-term debts. +2
The TTM is 37.326. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	77.753	TTM	37.326	+40.427
TTM	37.326	YOY	16.978	+20.349
TTM	37.326	5Y	27.761	+9.566
5Y	27.761	10Y	25.629	+2.132

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	77.753	3.636	+74.117
TTM	37.326	3.720	+33.606
YOY	16.978	3.313	+13.665
5Y	27.761	5.187	+22.574
10Y	25.629	5.500	+20.129

Measures if Acorn Capital Invest Fund is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Asset Management industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Acorn Capital Invest Fund if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Acorn Capital Invest Fund is 77.75. This means Acorn Capital Invest Fund has $77.75 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Asset Management industry is 3.64.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Acorn Capital Invest Fund

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
97,658 \ 1,256) = 77.75

The current ratio measures if Acorn Capital Invest Fund is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Acorn Capital Invest Fund is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Acorn Capital Invest Fund does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Acorn Capital Invest Fund is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Acorn Capital Invest Fund is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
A Quick Ratio of 153.11 means the company can pay off $153.11 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Acorn Capital Invest Fund:

The MRQ is 153.111. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 56.438. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	153.111	TTM	56.438	+96.674
TTM	56.438	YOY	12.388	+44.049
TTM	56.438	5Y	21.470	+34.968
5Y	21.470	10Y	14.317	+7.153

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	153.111	3.523	+149.588
TTM	56.438	3.656	+52.782
YOY	12.388	3.153	+9.235
5Y	21.470	5.051	+16.419
10Y	14.317	4.756	+9.561

Measures if Acorn Capital Invest Fund is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Acorn Capital Invest Fund can pay off its short term debts. This shows if Acorn Capital Invest Fund can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Acorn Capital Invest Fund is 153.11. This means that Acorn Capital Invest Fund can pay off $153.11 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 3.52.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Acorn Capital Invest Fund

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Acorn Capital Invest Fund: (97,474 + 94,663 +171) / 1,256 = 153.11

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Acorn Capital Invest Fund.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Acorn Capital Invest Fund assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Acorn Capital Invest Fund to Asset Management industry mean.
A Debt to Asset Ratio of 0.01 means that Acorn Capital Invest Fund assets are financed with 1.2% credit (debt) and the remaining percentage (100% - 1.2%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Acorn Capital Invest Fund:

The MRQ is 0.012. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.048. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.012	TTM	0.048	-0.035
TTM	0.048	YOY	0.130	-0.082
TTM	0.048	5Y	0.080	-0.032
5Y	0.080	10Y	0.057	+0.023

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.012	0.200	-0.188
TTM	0.048	0.201	-0.153
YOY	0.130	0.190	-0.060
5Y	0.080	0.205	-0.125
10Y	0.057	0.206	-0.149

Measures how much % of Acorn Capital Invest Fund assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Acorn Capital Invest Fund than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Acorn Capital Invest Fund to Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Acorn Capital Invest Fund is 0.01. This means means that Acorn Capital Invest Fund is financed with 1.2% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Asset Management industry is 363.6%.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Acorn Capital Invest Fund has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Acorn Capital Invest Fund

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
1,256 \ 101,512 = 1.2% or 0.01.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Acorn Capital Invest Fund is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
A Debt to Equity ratio of 1.3% means that company has $0.01 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Acorn Capital Invest Fund:

The MRQ is 0.013. The company is very able to pay all its debts with equity. +2
The TTM is 0.052. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.013	TTM	0.052	-0.039
TTM	0.052	YOY	0.150	-0.098
TTM	0.052	5Y	0.089	-0.037
5Y	0.089	10Y	0.062	+0.027

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.013	0.236	-0.223
TTM	0.052	0.236	-0.184
YOY	0.150	0.227	-0.077
5Y	0.089	0.258	-0.169
10Y	0.062	0.273	-0.211

Measures if Acorn Capital Invest Fund is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Acorn Capital Invest Fund is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Acorn Capital Invest Fund is 0.01. This means that Acorn Capital Invest Fund can pay off $0.01 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 0.24.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Acorn Capital Invest Fund

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,256 \ 100,256 = 0.01 or 1.3%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Acorn Capital Invest Fund

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Acorn Capital Invest Fund generates.

Above 15 is considered overpriced but always compare Acorn Capital Invest Fund to the Asset Management industry mean.
A PE ratio of 29.07 means the investor is paying $29.07 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Acorn Capital Invest Fund:

The EOD is 26.350. Very good. +2
The MRQ is 29.066. Very good. +2
The TTM is 4.116. Very good. +2

Trends

Current period		Compared to		+/-
EOD	26.350	MRQ	29.066	-2.716
MRQ	29.066	TTM	4.116	+24.950
TTM	4.116	YOY	64.165	-60.049
TTM	4.116	5Y	20.350	-16.234
5Y	20.350	10Y	53.988	-33.638

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	26.350	4.058	+22.292
MRQ	29.066	4.432	+24.634
TTM	4.116	2.527	+1.589
YOY	64.165	7.934	+56.231
5Y	20.350	7.729	+12.621
10Y	53.988	10.650	+43.338

Measures how much money you pay for each share for every $1 in earnings Acorn Capital Invest Fund generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Acorn Capital Invest Fund to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Acorn Capital Invest Fund is 29.07. This means the investor is paying $29.07 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 4.43.
What is the trend?
The trend is important because it shows you how Acorn Capital Invest Fund is performing over time. The most recent quarter might be important if Acorn Capital Invest Fund released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acorn Capital Invest Fund up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Acorn Capital Invest Fund

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
3,185 \ 86,519 = EPS
PE ratio MRQ = 29.07

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Acorn Capital Invest Fund.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Acorn Capital Invest Fund:

The MRQ is 12.974. Seems overpriced? -1
The TTM is 3.130. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	12.974	TTM	3.130	+9.844
TTM	3.130	YOY	261.713	-258.583
TTM	3.130	5Y	94.571	-91.441
5Y	94.571	10Y	111.536	-16.965

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	12.974	11.250	+1.724
TTM	3.130	12.813	-9.683
YOY	261.713	7.209	+254.504
5Y	94.571	50.446	+44.125
10Y	111.536	78.450	+33.086

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Acorn Capital Invest Fund is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Asset Management industry mean).
A PB ratio of 0.92 means the investor is paying $0.92 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Acorn Capital Invest Fund:

The EOD is 0.837. Very good. +2
The MRQ is 0.923. Very good. +2
The TTM is 0.948. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.837	MRQ	0.923	-0.086
MRQ	0.923	TTM	0.948	-0.025
TTM	0.948	YOY	1.321	-0.373
TTM	0.948	5Y	1.339	-0.391
5Y	1.339	10Y	1.159	+0.179

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	0.837	0.925	-0.088
MRQ	0.923	0.958	-0.035
TTM	0.948	0.958	-0.010
YOY	1.321	1.056	+0.265
5Y	1.339	1.060	+0.279
10Y	1.159	1.169	-0.010

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Acorn Capital Invest Fund.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Acorn Capital Invest Fund compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.000	-0.113	+42548%	0.092	-100%	0.024	-99%	0.032	-99%
Book Value Growth	-	-	1.000	0.925	+8%	1.081	-7%	1.038	-4%	1.034	-3%
Book Value Per Share	-	-	1.159	1.272	-9%	1.226	-5%	0.949	+22%	0.686	+69%
Book Value Per Share Growth	-	-	1.000	0.925	+8%	1.081	-7%	1.038	-4%	1.034	-3%
Current Ratio	-	-	77.753	37.326	+108%	16.978	+358%	27.761	+180%	25.629	+203%
Debt To Asset Ratio	-	-	0.012	0.048	-74%	0.130	-90%	0.080	-85%	0.057	-78%
Debt To Equity Ratio	-	-	0.013	0.052	-76%	0.150	-92%	0.089	-86%	0.062	-80%
Dividend Per Share	-	-	0.037	0.023	+59%	0.021	+70%	0.014	+158%	0.008	+344%
Dividend Per Share Growth	-	-	2.248	1.260	+78%	1.366	+65%	1.163	+93%	1.150	+95%
Eps	-	-	0.037	-0.090	+344%	0.035	+4%	0.011	+230%	0.014	+170%
Eps Growth	-	-	2.240	0.151	+1380%	1.395	+61%	1.125	+99%	1.166	+92%
Free Cash Flow Per Share	-	-	0.053	-0.012	+123%	-0.036	+169%	-0.006	+112%	-0.017	+132%
Free Cash Flow Per Share Growth	-	-	3.193	1.932	+65%	0.449	+611%	0.620	+415%	1.793	+78%
Free Cash Flow To Equity Per Share	-	-	0.016	-0.035	+314%	0.020	-17%	0.010	+67%	-0.023	+244%
Free Cash Flow To Equity Per Share Growth	-	-	2.270	-0.457	+120%	1.038	+119%	0.986	+130%	1.338	+70%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-2.243	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-2.880	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.073	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.114	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.336	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.496	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-0.737	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-1.042	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	9.710	-31.000	+419%	9.743	0%	-0.751	+108%	-0.078	+101%
Operating Margin	-	-	-	-24.311	0%	7.972	-100%	-1.705	0%	-0.803	0%
Operating Ratio	-	-	1.820	0.080	+2187%	1.473	+24%	-0.065	+104%	-0.028	+102%
Pb Ratio	0.837	-10%	0.923	0.948	-3%	1.321	-30%	1.339	-31%	1.159	-20%
Pe Ratio	26.350	-10%	29.066	4.116	+606%	64.165	-55%	20.350	+43%	53.988	-46%
Peg Ratio	-	-	12.974	3.130	+314%	261.713	-95%	94.571	-86%	111.536	-88%
Price Per Share	0.970	-10%	1.070	1.210	-12%	1.595	-33%	1.228	-13%	1.010	+6%
Price To Total Gains Ratio	26.350	-10%	29.066	38.919	-25%	67.314	-57%	59.926	-51%	80.059	-64%
Profit Growth	-	-	2.120	0.242	+775%	1.447	+46%	4.766	-56%	3.086	-31%
Quick Ratio	-	-	153.111	56.438	+171%	12.388	+1136%	21.470	+613%	14.317	+969%
Return On Assets	-	-	0.031	-0.105	+436%	0.036	-13%	0.008	+276%	0.011	+176%
Return On Equity	-	-	0.032	-0.112	+451%	0.041	-22%	0.011	+194%	0.013	+141%
Revenue Growth	-	-	1.271	0.636	+100%	-	+100%	5.700	-78%	3.490	-64%
Total Gains Per Share	-	-	0.037	-0.090	+344%	0.113	-67%	0.039	-4%	0.040	-9%
Total Gains Per Share Growth	-	-	2.114	-5.895	+379%	3.984	-47%	2.869	-26%	2.512	-16%
Usd Book Value	-	-	66700316.800	73190540.067	-9%	70559722.100	-5%	54604707.595	+22%	39468645.292	+69%
Usd Book Value Change Per Share	-	-	0.000	-0.075	+42548%	0.061	-100%	0.016	-99%	0.021	-99%
Usd Book Value Per Share	-	-	0.771	0.846	-9%	0.816	-5%	0.631	+22%	0.456	+69%
Usd Dividend Per Share	-	-	0.024	0.015	+59%	0.014	+70%	0.009	+158%	0.005	+344%
Usd Eps	-	-	0.024	-0.060	+344%	0.024	+4%	0.007	+230%	0.009	+170%
Usd Free Cash Flow	-	-	3037094.500	-685259.000	+123%	-2100185.775	+169%	-350586.838	+112%	-983128.594	+132%
Usd Free Cash Flow Per Share	-	-	0.035	-0.008	+123%	-0.024	+169%	-0.004	+112%	-0.011	+132%
Usd Free Cash Flow To Equity Per Share	-	-	0.011	-0.023	+314%	0.013	-17%	0.006	+67%	-0.016	+244%
Usd Price Per Share	0.645	-10%	0.712	0.805	-12%	1.061	-33%	0.817	-13%	0.672	+6%
Usd Profit	-	-	2118980.500	-8108565.517	+483%	3057718.800	-31%	523057.109	+305%	533889.390	+297%
Usd Revenue	-	-	218218.400	129955.267	+68%	107113.300	+104%	817364.820	-73%	860126.637	-75%
Usd Total Gains Per Share	-	-	0.024	-0.060	+344%	0.075	-67%	0.026	-4%	0.027	-9%
	EOD	+3 -2	MRQ	TTM	+33 -8	YOY	+22 -20	5Y	+27 -14	10Y	+28 -13

4.2. Fundamental Score

Let's check the fundamental score of Acorn Capital Invest Fund based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	26.350
Price to Book Ratio (EOD)	Between	0-1	0.837
Net Profit Margin (MRQ)	Greater than	0	9.710
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	153.111
Current Ratio (MRQ)	Greater than	1	77.753
Debt to Asset Ratio (MRQ)	Less than	1	0.012
Debt to Equity Ratio (MRQ)	Less than	1	0.013
Return on Equity (MRQ)	Greater than	0.15	0.032
Return on Assets (MRQ)	Greater than	0.05	0.031
Total			6/10 (60.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Acorn Capital Invest Fund based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	0.970
Total			0/1 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in AUD. All numbers in thousands.

Summary

Total Assets	101,512
Total Liabilities	1,256
Total Stockholder Equity	100,256

	As reported
Total Liabilities	1,256
Total Stockholder Equity	+ 100,256
Total Assets	= 101,512

Assets

Total Assets	101,512
Total Current Assets	97,658
Long-term Assets	97,658

Total Current Assets

Total Current Assets (as reported)	97,658
Short-term Investments	94,663
Net Receivables	171
Total Current Assets (calculated)	94,834
+/-	2,824

Long-term Assets

Long-term Assets (as reported)	0
Long-term Assets (calculated)	0
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	1,256
Long-term Liabilities	-
Total Stockholder Equity	100,256

Total Current Liabilities

Total Current Liabilities (as reported)	1,256
Total Current Liabilities (calculated)	0
+/-	1,256

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long-term Liabilities (calculated)	0
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	100,256
Common Stock	98,430
Retained Earnings	1,826
Total Stockholder Equity (calculated)	100,256
+/-	0

Other

Cash And Equivalents	2,811
Cash and Short Term Investments	97,474
Common Stock Shares Outstanding	86,519
Liabilities and Stockholders Equity	101,512

Balance Sheet

Currency in AUD. All numbers in thousands.

Trend

2022-12-31

2022-06-30

2022-03-31

2021-12-31

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2021-06-30

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2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

> Total Assets

0
0
0
0
0
0
47,510
50,236
50,236
54,607
54,607
0
0
0
54,214
65,523
65,523
74,051
74,051
62,806
62,806
65,728
65,728
74,747
74,747
0
64,717
0
112,594
0
115,368
0
143,074
0
104,047
101,512

101,512

104,047

143,074

115,368

112,594

64,717

74,747

65,728

62,806

74,051

65,523

54,214

54,607

50,236

47,510

> Total Current Assets

0
0
0
0
0
0
0
50,236
50,236
54,607
54,607
0
0
0
0
65,523
65,523
74,051
74,051
62,806
62,806
65,728
65,728
74,747
74,747
64,717
64,717
112,594
112,594
115,368
115,368
143,074
143,074
98,896
31,642
97,658

97,658

31,642

98,896

143,074

115,368

112,594

64,717

74,747

65,728

62,806

74,051

65,523

54,607

50,236

Cash And Cash Equivalents

0
0
0
0
0
0
1,403
1,713
1,713
2,264
2,264
0
0
0
653
2,857
2,857
1,914
1,914
3,245
3,245
2,767
2,767
3,434
3,434
0
2,293
0
5,031
0
9,566
0
11,807
0
1,408
0

1,408

11,807

9,566

5,031

2,293

3,434

2,767

3,245

1,914

2,857

653

2,264

1,713

1,403

Short-term Investments

0
0
0
0
0
0
5,717
0
0
0
8,535
0
0
0
12,452
0
0
0
21,409
0
0
0
18,355
0
71,147
0
23,203
0
107,016
0
24,332
0
130,923
0
30,022
94,663

94,663

30,022

130,923

24,332

107,016

23,203

71,147

18,355

21,409

12,452

8,535

5,717

Net Receivables

0
0
0
0
0
0
983
308
308
669
669
0
0
0
121
111
111
881
929
95
95
837
892
166
166
816
877
547
547
887
1,118
344
344
130
212
171

171

212

130

344

1,118

887

547

877

816

166

892

837

929

881

111

121

669

308

983

Other Current Assets

0
0
0
0
0
0
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
97,276
0

97,276

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
62,069
0
0
0
61,547
0
0
0
104,684
0
0
0
97,276
0

97,276

104,684

61,547

62,069

Other Assets

0
0
0
0
0
0
47,510
0
0
0
54,607
0
0
0
54,214
0
0
0
74,051
0
0
0
65,728
0
0
0
64,717
0
0
0
115,368
0
0
5,151
-24,871
3,854

3,854

-24,871

5,151

115,368

64,717

65,728

74,051

54,214

54,607

47,510

> Total Liabilities

0
0
0
0
0
0
738
442
442
3,137
3,137
0
0
0
2,040
5,338
5,338
7,443
7,443
2,508
2,508
3,137
3,137
6,177
6,177
0
3,393
0
14,777
0
16,935
0
13,529
0
3,814
1,256

1,256

3,814

13,529

16,935

14,777

3,393

6,177

3,137

2,508

7,443

5,338

2,040

3,137

442

738

> Total Current Liabilities

0
0
0
0
0
0
738
442
442
2,179
2,179
0
0
0
1,358
1,113
1,113
3,658
3,658
1,942
1,942
1,883
1,883
2,677
2,677
1,633
1,633
6,009
6,009
10,349
10,349
6,273
6,273
3,814
3,814
1,256

1,256

3,814

6,273

10,349

6,009

1,633

2,677

1,883

1,942

3,658

1,113

1,358

2,179

442

738

Short-term Debt

0
0
0
0
0
0
5,717
0
0
0
8,535
0
0
0
12,452
0
0
0
21,409
0
0
0
18,355
0
0
0
23,203
0
0
0
0
0
0
0
0
0

23,203

18,355

21,409

12,452

8,535

5,717

Accounts payable

0
0
0
0
0
0
0
0
0
1,852
1,852
0
0
0
0
0
0
0
0
0
0
0
961
0
0
0
1,633
0
0
0
0
0
0
0
0
0

1,633

961

1,852

Other Current Liabilities

0
0
0
0
0
0
419
442
442
0
327
0
0
0
1,034
1,113
1,113
2,885
2,885
1,942
1,942
1,489
1,489
2,677
2,677
24
24
6,009
6,009
6,402
6,402
6,273
6,273
2,466
3,814
0

3,814

2,466

6,273

6,402

6,009

2,677

1,489

1,942

2,885

1,113

1,034

327

442

419

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
958
0
0
0
682
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

682

958

Other Liabilities

0
0
0
0
0
0
0
0
0
958
958
0
0
0
0
4,225
4,225
3,785
3,785
566
566
1,254
1,254
3,500
3,500
1,760
1,760
8,768
8,768
6,586
6,586
7,256
7,256
0
0
0

7,256

6,586

8,768

1,760

3,500

1,254

566

3,785

4,225

958

> Total Stockholder Equity

0
0
0
0
0
0
46,772
49,794
49,794
51,470
51,470
51,470
0
0
52,174
60,185
60,185
66,608
66,608
60,298
60,298
62,591
62,591
68,570
68,570
0
61,324
0
97,817
0
98,433
0
129,545
0
100,233
100,256

100,256

100,233

129,545

98,433

97,817

61,324

68,570

62,591

60,298

66,608

60,185

52,174

51,470

49,794

46,772

Common Stock

0
0
0
0
0
49,266
50,010
48,598
48,598
47,747
47,747
0
0
0
47,563
47,377
47,377
52,484
52,484
52,636
52,636
52,730
52,730
53,060
53,060
53,285
53,285
68,189
68,189
68,750
68,750
97,116
97,116
97,934
97,934
98,430

98,430

97,934

97,116

68,750

68,189

53,285

53,060

52,730

52,636

52,484

47,377

47,563

47,747

48,598

50,010

49,266

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

0
0
0
0
0
0
-744
0
0
0
6,217
0
0
0
9,291
0
0
0
18,804
0
0
0
19,158
0
0
0
22,807
0
0
0
44,451
0
0
0
34,055
0

34,055

44,451

22,807

19,158

18,804

9,291

6,217

-744

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
0
6,217
0
0
0
9,291
0
0
0
18,804
0
0
0
19,158
0
0
0
22,807
0
0
0
0
0
0
0
0
0

22,807

19,158

18,804

9,291

6,217

Balance Sheet

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30
Accounts Payable	-	-	1,633	961	-	324	1,852	319	2,078
Accumulated Other Comprehensive Income	34,055	44,451	22,807	19,158	18,804	9,291	6,217	-744	-744
Capital Stock	97,934	68,750	53,285	52,730	-	-	-	-	-
Cash	1,408	9,566	2,293	2,767	1,914	653	2,264	1,403	25,457
Cash And Equivalents	1,408	9,566	2,293	-	1,914	653	-	-	-
Cash And Short Term Investments	31,430	33,898	25,496	21,122	23,323	13,105	10,799	7,120	26,613
Common Stock	97,934	68,750	53,285	52,730	52,484	47,563	47,747	50,010	50,010
Common Stock Shares Outstanding	78,622	64,863	56,065	74,146	70,790	67,199	68,581	69,673	69,673
Common Stock Total Equity	-	-	53,285	52,730	52,484	47,563	47,747	50,010	50,010
Liabilities And Stockholders Equity	104,047	115,368	64,717	65,728	74,051	54,214	54,607	47,510	51,964
Long Term Debt Total	0	0	0	0	0	0	-	-	-
Long Term Investments	97,276	104,684	61,547	62,069	71,208	53,440	51,674	-	-
Net Debt	-1,408	-9,566	-2,293	-2,767	-1,914	-653	-2,264	-1,403	-25,457
Net Receivables	212	1,118	877	892	929	121	669	983	125
Net Tangible Assets	100,233	98,433	61,324	62,591	66,608	52,174	51,470	46,772	49,730
Net Working Capital	-	-	-	-	-	52,856	-	-	-
Non Current Assets Total	97,276	104,684	61,547	62,069	-	0	0	1,388	120
Non Current Liabilities Other	-	-	-	-	-	0	0	-	-
Non Current Liabilities Total	-	-	1,633	961	-	682	958	-	-
Non Currrent Assets Other	-97,276	-104,684	-61,547	-62,069	-	0	0	-43,717	-26,227
Other Assets	-24,871	-24,332	-23,203	-18,355	74,051	-	-	1,388	120
Other Current Assets	-	-	-	-	-	40,988	43,139	38,019	25,106
Other Current Liab	3,814	6,402	-1,633	-961	2,885	1,034	327	419	156
Other Liab	-	6,586	1,760	1,254	3,785	682	958	-	-
Other Stockholder Equity	-	-	22,807	19,158	18,804	9,291	6,217	-	-744
Retained Earnings	-31,756	-14,768	-14,768	-9,297	-4,680	-4,680	-2,494	-2,494	464
Short Term Debt	0	0	23,203	18,355	21,409	12,452	8,535	5,717	1,156
Short Term Investments	30,022	24,332	23,203	18,355	21,409	12,452	8,535	5,717	1,156
Total Assets	104,047	115,368	64,717	65,728	74,051	54,214	54,607	47,510	51,964
Total Current Assets	31,642	35,016	26,373	22,014	74,051	54,214	54,607	46,122	51,844
Total Current Liabilities	3,814	10,349	1,633	961	3,658	1,358	2,179	738	2,234
Total Liab	3,814	16,935	3,393	3,137	7,443	2,040	3,137	738	2,234
Total Stockholder Equity	100,233	98,433	61,324	62,591	66,608	52,174	51,470	46,772	49,730

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31
Accounts Payable	-	-	-	-	-	-	-	-	-	1,633	-	-	-	961	-	-	-	-	-	-	-	-	-	-	-	1,852	1,852	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-	34,055	-	-	-	44,451	-	-	-	22,807	-	-	-	19,158	-	-	-	18,804	-	-	-	9,291	-	-	-	6,217	-	-	-	-744	-	-	-	-	-	-
Capital Stock	-	97,934	-	-	-	68,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	-	1,408	-	11,807	-	9,566	-	5,031	-	2,293	-	3,434	3,434	2,767	2,767	3,245	3,245	1,914	1,914	2,857	2,857	653	-	-	-	2,264	2,264	1,713	1,713	1,403	-	-	-	-	-	-
Cash And Equivalents	2,811	1,408	-	11,807	-	9,566	-	5,031	-	2,293	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	97,474	31,430	-	142,730	-	33,898	-	112,047	-	25,496	-	74,581	-	21,122	-	62,711	-	23,323	-	65,412	-	13,105	-	-	-	10,799	-	-	-	7,120	-	-	-	-	-	-
Common Stock	98,430	97,934	97,934	97,116	97,116	68,750	68,750	68,189	68,189	53,285	53,285	53,060	53,060	52,730	52,730	52,636	52,636	52,484	52,484	47,377	47,377	47,563	-	-	-	47,747	47,747	48,598	48,598	50,010	49,266	-	-	-	-	-
Common Stock Shares Outstanding	86,519	86,062	-	73,162	-	67,649	-	60,258	72,425	72,425	72,425	72,425	-	72,425	72,425	72,425	-	69,147	69,147	69,147	-	67,199	67,199	67,199	-	68,581	68,581	68,581	69,673	69,673	69,673	69,673	69,673	69,673	69,673	69,673
Common Stock Total Equity	-	-	-	-	-	-	-	-	-	53,285	-	-	-	52,730	-	-	-	52,484	-	-	-	47,563	-	-	-	47,747	-	-	-	50,010	-	-	-	-	-	-
Liabilities And Stockholders Equity	101,512	104,047	-	143,074	-	115,368	-	112,594	-	64,717	-	-	-	65,728	-	-	-	74,051	-	-	-	54,214	-	-	-	54,607	-	-	-	47,510	-	-	-	-	-	-
Long Term Debt Total	0	0	-	0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	97,276	-	-	-	104,684	-	-	-	61,547	-	-	-	62,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-	-1,408	-	-	-	-9,566	-	-	-	-2,293	-	-	-	-2,767	-	-	-	-1,914	-	-	-	-653	-	-	-	-2,264	-	-	-	-1,403	-	-	-	-	-	-
Net Receivables	171	212	130	344	344	1,118	887	547	547	877	816	166	166	892	837	95	95	929	881	111	111	121	-	-	-	669	669	308	308	983	-	-	-	-	-	-
Net Tangible Assets	-	100,233	100,233	129,545	129,545	98,433	98,433	97,817	97,817	61,324	61,324	68,570	68,570	62,591	62,591	60,298	60,298	66,608	66,608	60,185	60,185	-	-	-	51,470	51,470	51,470	49,794	49,794	-	-	-	-	-	-	-
Non Current Assets Total	-	97,276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	682	-	-	-	958	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	-	-97,276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	3,854	-24,871	5,151	-	-	115,368	-	-	-	64,717	-	-	-	65,728	-	-	-	74,051	-	-	-	54,214	-	-	-	54,607	-	-	-	47,510	-	-	-	-	-	-
Other Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	-	-	-	-	-	-
Other Current Liab	-	3,814	2,466	6,273	6,273	6,402	6,402	6,009	6,009	24	24	2,677	2,677	1,489	1,489	1,942	1,942	2,885	2,885	1,113	1,113	1,034	-	-	-	327	-	442	442	419	-	-	-	-	-	-
Other Liab	-	-	-	7,256	7,256	6,586	6,586	8,768	8,768	1,760	1,760	3,500	3,500	1,254	1,254	566	566	3,785	3,785	4,225	4,225	-	-	-	-	958	958	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	-	-	-	-	-	-	-	-	-	22,807	-	-	-	19,158	-	-	-	18,804	-	-	-	9,291	-	-	-	6,217	-	-	-	-	-	-	-	-	-	-
Retained Earnings	1,826	-31,756	2,299	32,429	32,429	-14,768	29,683	29,628	29,628	-14,768	8,039	15,510	15,510	-9,297	9,861	7,662	7,662	-4,680	14,124	12,808	12,808	-4,680	-	-	-	-2,494	3,723	1,196	1,196	-2,494	-	-	-	-	-	-
Short Term Debt	0	0	-	0	-	0	-	0	-	23,203	-	-	-	18,355	-	-	-	21,409	-	-	-	12,452	-	-	-	8,535	-	-	-	5,717	-	-	-	-	-	-
Short Term Investments	94,663	30,022	-	130,923	-	24,332	-	107,016	-	23,203	-	71,147	-	18,355	-	-	-	21,409	-	-	-	12,452	-	-	-	8,535	-	-	-	5,717	-	-	-	-	-	-
Total Assets	101,512	104,047	-	143,074	-	115,368	-	112,594	-	64,717	-	74,747	74,747	65,728	65,728	62,806	62,806	74,051	74,051	65,523	65,523	54,214	-	-	-	54,607	54,607	50,236	50,236	47,510	-	-	-	-	-	-
Total Current Assets	97,658	31,642	98,896	143,074	143,074	115,368	115,368	112,594	112,594	64,717	64,717	74,747	74,747	65,728	65,728	62,806	62,806	74,051	74,051	65,523	65,523	-	-	-	-	54,607	54,607	50,236	50,236	-	-	-	-	-	-	-
Total Current Liabilities	1,256	3,814	3,814	6,273	6,273	10,349	10,349	6,009	6,009	1,633	1,633	2,677	2,677	1,883	1,883	1,942	1,942	3,658	3,658	1,113	1,113	1,358	-	-	-	2,179	2,179	442	442	738	-	-	-	-	-	-
Total Liab	1,256	3,814	-	13,529	-	16,935	-	14,777	-	3,393	-	6,177	6,177	3,137	3,137	2,508	2,508	7,443	7,443	5,338	5,338	2,040	-	-	-	3,137	3,137	442	442	738	-	-	-	-	-	-
Total Stockholder Equity	100,256	100,233	-	129,545	-	98,433	-	97,817	-	61,324	-	68,570	68,570	62,591	62,591	60,298	60,298	66,608	66,608	60,185	60,185	52,174	-	-	51,470	51,470	51,470	49,794	49,794	46,772	-	-	-	-	-	-

Cash Flow

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30
Begin Period Cash Flow	9,566	2,293	2,767	1,914	653	2,264	1,403	25,457	-
Capital Expenditures	0	0	0	0	0	0	0	0	0
Change In Cash	-8,158	7,273	-474	853	1,261	-1,611	861	-24,054	152,742
Change In Working Capital	-18,656	-1,939	4,042	5,987	5,593	190	-	-	-
Change To Account Receivables	143	-227	-21	14	36	56	119	-858	-720
Change To Liabilities	-13,434	7,517	1,720	-2,910	3,548	40	2,254	-270	2,172
Change To Netincome	7,974	-43,151	373	7,724	-11,647	-3,436	-6,210	-19,968	-145,176
Dividends Paid	8,108	4,312	3,472	3,387	2,162	1,351	0	1,204	1,204
End Period Cash Flow	1,408	9,566	2,293	2,767	1,914	653	2,264	1,403	25,457
Free Cash Flow	-26,946	-2,988	2,834	4,303	3,715	190	2,380	-24,054	-23,490
Investments	-	-	-	-	-	0	0	-	-
Issuance Of Capital Stock	27,058	14,746	217	42	-	-	-	-	-
Net Income	-16,988	26,848	2,041	-567	11,902	2,505	6,217	-2,958	464
Other Cashflows From Financing Activities	-162	-173	2,834	4,303	3,715	190	2,380	-24,054	-1,063
Other Non Cash Items	-	-26,848	-2,041	567	-11,902	-2,315	-3,837	-21,096	-23,954
Sale Purchase Of Stock	-162	-173	-53	-105	-292	-450	-1,519	-	-
Total Cash From Financing Activities	18,788	10,261	-3,308	-3,450	-2,454	-1,801	-1,519	-1,519	48,947
Total Cash From Operating Activities	-26,946	-2,988	2,834	4,303	3,715	190	2,380	-24,054	-23,490

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31
Begin Period Cash Flow	-	-	-	-	-	-	-	573	692	692	692	692	692	479	479	479	479	163	163	163	163	566	566	566	566	351	351	351	6,364	6,364	6,364	6,364	6,364	6,364	6,364	-
Capital Expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	1,403	-5,200	-5,200	1,121	1,121	2,268	2,268	1,369	-119	-119	-119	-119	334	213	213	213	666	315	315	315	1,102	-403	-403	-403	-537	215	215	215	-6,014	-6,014	-6,014	-6,014	-	-	-	-
Change In Working Capital	5,962	-18,656	-	-13,058	-	-1,939	-	-9,610	-	4,042	-	3,182	-	5,987	-	3,921	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-	72	72	72	72	-114	-114	-114	-114	-11	-11	-	-	7	7	7	7	18	18	18	18	-	-	-	-	60	60	60	60	-	-	-	-	-	-	-
Change To Liabilities	-	-6,717	-6,717	0	0	3,759	3,759	0	0	860	860	0	0	-1,455	-1,455	0	0	1,774	1,774	0	0	-	-	0	0	1,127	1,127	0	0	-	-	-	-	-	-	-
Change To Netincome	-	18,388	18,388	-14,401	-14,401	-4,698	-4,698	-16,878	-16,878	2,843	2,843	-2,656	-2,656	42	42	3,821	3,821	-2,920	-2,920	-2,904	-2,904	-	-	-2,523	-2,523	-1,773	-1,773	-1,332	-1,332	-	-	-	-	-	-	-
Dividends Paid	3,162	1,407	1,407	2,648	2,648	1,064	1,064	1,092	868	868	868	868	849	847	847	847	847	541	541	541	443	338	338	338	346	-	-	-	-	-	-	-	-	-	-	-
End Period Cash Flow	-	-	-	-	-	-	-	-	573	573	573	573	692	692	692	692	479	479	479	479	163	163	163	163	566	566	566	566	351	351	351	351	6,364	6,364	6,364	6,364
Free Cash Flow	-	-	-	-	-	-	-	-	709	709	709	709	-	1,076	1,076	1,076	-	929	929	929	-	48	48	48	-	595	595	595	-6,014	-6,014	-6,014	-6,014	-5,873	-5,873	-5,873	-5,873
Net Income	-	-13,250	-13,250	4,756	4,756	1,373	1,373	12,052	510	510	510	510	3,756	-142	-142	-142	-2,309	2,976	2,976	2,976	4,583	626	626	626	2,346	1,554	1,554	1,554	-740	-740	-740	-740	116	116	116	116
Other Cashflows From Financing Activities	0	35	35	-116	-116	-116	-116	-87	1,536	1,536	1,536	1,536	-26	1,938	1,938	1,938	-53	1,542	1,542	1,542	-	498	498	498	-	975	975	975	-6,014	-6,014	-6,014	-6,014	-18,375	-18,375	-18,375	-18,375
Other Non Cash Items	-	-	-	-	-	-	-	-	-510	-510	-510	-510	-	142	142	142	-	-2,976	-2,976	-2,976	-	-579	-579	-579	-	-959	-959	-959	-5,274	-5,274	-5,274	-5,274	-5,989	-5,989	-5,989	-5,989
Sale Purchase Of Stock	0	27,058	-	27,058	-	14,746	-	14,747	-13	-13	-13	-13	-	-26	-26	-26	-	-73	-73	-73	-	-113	-113	-113	-	-380	-380	-380	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-3,162	-1,372	-1,372	10,766	10,766	-1,065	-1,065	6,195	709	709	709	709	-767	1,076	1,076	1,076	-847	929	929	929	-578	48	48	48	-360	595	595	595	-6,014	-6,014	-6,014	-6,014	-5,873	-5,873	-5,873	-5,873
Total Cash From Operating Activities	4,565	-3,828	-3,828	-9,646	-9,646	3,332	3,332	-4,826	-4,826	317	317	1,100	1,100	4,303	640	3,024	1,512	3,715	178	3,359	1,680	48	48	48	-178	595	595	595	-6,014	-6,014	-6,014	-6,014	-5,873	-5,873	-5,873	-5,873

Income Statement

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30
Cost Of Revenue	1,960	4,147	1,977	780	1,108	733	651	582	0
Ebit	-23,850	39,117	2,743	-1,235	16,955	3,442	8,494	-4,066	4,440
Ebitda	-24,722	38,745	2,547	-1,388	16,758	3,479	8,563	-4,226	663
Gross Profit	-22,261	40,796	3,626	-341	-595	3,824	8,763	-3,609	841
Income Before Tax	-24,722	38,745	2,547	-1,388	16,758	3,479	8,563	-4,226	663
Income Tax Expense	-7,734	11,897	506	-821	4,856	974	2,346	-1,268	199
Interest Expense	22,167	42,562	3,894	1,040	17,860	3,938	0	0	0
Interest Income	1	397	672	444	124	121	25	-	-
Net Income	-16,988	26,848	2,041	-567	11,902	2,505	6,217	-2,958	464
Net Income Applicable To Common Shares	-16,988	26,848	2,041	-567	11,902	2,505	6,217	-2,958	2,784
Net Income From Continuing Ops	-16,988	26,848	2,041	-567	11,902	2,505	6,217	-2,958	2,784
Net Interest Income	1	397	672	444	124	121	25	-	-
Operating Income	-24,722	38,745	2,547	-1,388	16,748	3,442	8,469	-4,241	4,440
Other Operating Expenses	203	152	160	141	83	53	13	14	90
Selling General Administrative	198	140	140	140	140	140	140	140	56
Tax Provision	-7,734	11,897	506	-821	4,856	974	2,346	-1,268	-
Total Operating Expenses	203	152	160	141	1,428	382	269	632	184
Total Other Income Expense Net	-	-	-	-153	-197	37	69	15	6
Total Revenue	-22,261	40,796	3,626	-341	17,800	4,383	9,271	-3,154	921

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31
Cost Of Revenue	597	-408	-	2,368	-	-594	-	4,741	-	1,534	-	443	-	403	-	377	-	747	-	361	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-
Ebit	-	-18,817	-18,817	6,892	6,892	3,211	3,211	16,348	16,348	-3,829	-3,829	5,200	5,200	2,809	2,809	-3,427	-3,427	2,009	2,009	6,469	6,469	-	-	3,318	3,318	1,771	1,771	2,589	2,589	850	850	-	-	-	-	-
Ebitda	-	-	-	-	-	-	-	-	637	637	637	637	-	-347	-347	-347	-	4,190	4,190	4,190	-	870	870	870	-	2,141	2,141	2,141	-1,057	-1,057	-1,057	-1,057	166	166	166	166
Gross Profit	-269	666	-	-2,059	-	929	-	-3,961	-	-1,188	-	275	6,166	-191	2,814	330	-2,874	-483	2,139	-112	7,053	956	956	956	3,690	2,191	2,191	2,191	-902	-902	-902	-902	210	210	210	210
Income Before Tax	4,482	-38,367	-	13,645	-	6,245	-	32,500	637	637	637	637	5,169	-347	-347	-347	-3,452	4,190	4,190	4,190	6,435	870	870	870	3,269	2,141	2,141	2,141	-1,057	-1,057	-1,057	-1,057	166	166	166	166
Income Tax Expense	-	-5,934	-5,934	2,067	2,067	1,750	1,750	4,199	127	127	127	127	1,413	-205	-205	-205	-1,144	1,214	1,214	1,214	1,852	244	244	244	924	587	587	587	-317	-317	-317	-317	50	50	50	50
Interest Expense	4,986	38,620	-	16,453	-	5,872	-	36,690	-	7,718	-	11,612	-	5,415	-	6,455	-	4,006	-	13,854	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	3,185	-26,499	-	9,511	-	2,745	-	24,103	510	510	510	510	3,756	-142	-142	-142	-2,309	2,976	2,976	2,976	4,583	626	626	626	2,346	1,554	1,554	1,554	-740	-740	-740	-740	116	116	116	116
Net Income Applicable To Common Shares	3,185	-13,250	-13,250	4,756	4,756	1,373	1,373	12,052	12,052	-2,736	-2,736	3,756	3,756	4,050	2,025	-4,617	-2,309	2,736	1,368	9,166	4,583	-	-	2,346	2,346	1,264	1,264	1,845	1,845	-	-	-	-	-	-	-
Net Income From Continuing Ops	-	-	-	-	-	-	-	-	-	-	-	3,756	3,756	2,025	2,025	-2,309	-2,309	1,368	1,368	4,583	4,583	-	-	2,346	2,346	1,264	1,264	1,845	1,845	-	-	-	-	-	-	-
Operating Income	4,462	-38,370	-	13,643	-	6,245	-	32,488	-	-7,809	-	10,336	5,200	5,515	2,809	-6,904	-3,427	3,881	2,009	12,867	6,469	-	-	3,318	3,318	1,771	1,771	2,589	2,589	850	850	-	-	-	-	-
Other Operating Expenses	-	284	284	325	325	131	131	62	62	25	25	55	55	28	28	77	77	77	77	119	119	-	-	67	67	52	52	58	58	79	79	-	-	-	-	-
Selling General Administrative	113	324	-	102	-	234	-	117	35	35	35	35	911	35	35	35	476	35	35	35	466	35	35	35	306	35	35	35	35	35	35	35	14	14	14	14
Tax Provision	1,297	-11,868	-	4,134	-	3,500	-	8,397	-	-2,320	-	2,826	-	1,466	-	-2,287	-	1,153	-	3,703	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	966	966	5	5	553	553	130	130	584	584	-	-	372	372	193	193	157	157	215	215	-	-	-	-	-
Total Other Income Expense Net	-	-	-	-	-	-	-	-	-	-	-	-31	-31	-51	-51	-26	-26	-65	-65	-34	-34	9	9	9	-49	17	17	17	4	4	4	4	2	2	2	2
Total Revenue	328	258	-	309	-	335	-	780	907	907	907	907	6,166	-78	-78	-78	2,874	4,450	4,450	4,450	7,053	1,096	1,096	1,096	3,690	2,318	2,318	2,318	-789	-789	-789	-789	230	230	230	230

Latest Income Statement (annual, 2022-06-30)

Gross Profit (+$)
totalRevenue	-22,261
Cost of Revenue	-1,960
Gross Profit	-22,261	-24,221

Operating Income (+$)
Gross Profit	-22,261
Operating Expense	-203
Operating Income	-24,722	-22,464

Operating Expense (+$)
Research Development	-
Selling General Administrative	198
Selling And Marketing Expenses	-
Operating Expense	203	198

Net Interest Income (+$)
Interest Income	1
Interest Expense	-22,167
Other Finance Cost	-22,167
Net Interest Income	1

Pretax Income (+$)
Operating Income	-24,722
Net Interest Income	1
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-24,722	-24,722 EBIT - interestExpense = -46,017 -24,722 5,179
Interest Expense	22,167
Earnings Before Interest and Taxes (EBIT)	-23,850	-2,555
Earnings Before Interest and Taxes (EBITDA)	-24,722

After tax Income (+$)
Income Before Tax	-24,722
Tax Provision	--7,734
Net Income From Continuing Ops	-16,988	-16,988
Net Income	-16,988
Net Income Applicable To Common Shares	-16,988

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	203
Total Other Income/Expenses Net	-	-1

Technicals of Acorn Capital Invest Fund

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Acorn Capital Invest Fund Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Acorn Capital Invest Fund:

Acorn Capital Invest Fund Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Acorn Capital Invest Fund:

The ADX is .

Acorn Capital Invest Fund Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is lower than the price. The current trend is up. +2

Acorn Capital Invest Fund Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1
The RSI is below 30 and oversold. +2

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Acorn Capital Invest Fund Daily Relative Strength Index (RSI) Chart

2.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

The Stochastic is below 50. -1
The Stochastic is below 30 and oversold. +2

Acorn Capital Invest Fund Daily Stochastic Oscillator Chart

2.3 Commodity Channel Index (CCI)

Acorn Capital Invest Fund Daily Commodity Channel Index (CCI) Chart

2.4 Chande Momentum Oscillator (CMO)

Acorn Capital Invest Fund Daily Chande Momentum Oscillator (CMO) Chart

2.5 Williams %R

Acorn Capital Invest Fund Daily Williams %R Chart

3. Volatility Indicators

3.1 Bollinger Bands

Acorn Capital Invest Fund Daily Bollinger Bands Chart

3.2 Average True Range (ATR)

Acorn Capital Invest Fund Daily Average True Range (ATR) Chart

4. Volume Indicators

4.1 On-Balance Volume (OBV)

Acorn Capital Invest Fund Daily On-Balance Volume (OBV) Chart

4.2 Money Flow Index (MFI)

Acorn Capital Invest Fund Daily Money Flow Index (MFI) Chart

5. Summary

5.1. Notifications

Type	Notification	Date
Currently no notifications for Acorn Capital Invest Fund.

5.2. Trading Signals

Date	Indicator	Entry signal	Exit signal
2023-05-29	MFI	20 crossover to downside
2023-05-30	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-06-01	STOCH	LONG ENTRY	SHORT CLOSE	20 crossover to upside

5.2. Technical Score

Let's check the technical score of Acorn Capital Invest Fund based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	0.970
Total			0/1 (0.0%)

Create your own Symbol Scanner

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Quick analysis of Acorn Capital Invest Fund (30 sec.)

1. Valuation of Acorn Capital Invest Fund (5 min.)

A$0.97

A$1.16

2. Growth of Acorn Capital Invest Fund (5 min.)

Is Acorn Capital Invest Fund growing?

How much money is Acorn Capital Invest Fund making?

How much money comes from the company's main activities?

3. Financial Health of Acorn Capital Invest Fund (5 min.)

4. Comparing to competitors in the Asset Management industry (5 min.)

Industry Rankings (Asset Management)

Fundamentals of Acorn Capital Invest Fund

Financial Health

1.1. Profitability of Acorn Capital Invest Fund.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Asset Management)

1.1.2. Return on Assets

Trends

Compared to industry (Asset Management)

1.1.3. Return on Equity

Trends

Compared to industry (Asset Management)

1.2. Operating Efficiency of Acorn Capital Invest Fund.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Asset Management)

1.2.2. Operating Ratio

Trends

Compared to industry (Asset Management)

1.3. Liquidity of Acorn Capital Invest Fund.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Asset Management)

1.3.2. Quick Ratio

Trends

Compared to industry (Asset Management)

1.4. Solvency of Acorn Capital Invest Fund.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Asset Management)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Asset Management)

2. Market Valuation of Acorn Capital Invest Fund

2. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Asset Management)

2.2. Price Earnings to Growth Ratio

Trends

Compared to industry (Asset Management)

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Compared to industry (Asset Management)

Acorn Capital Invest Fund
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