ABB (ABBNY) Total Assets : $40,940 Mil (As of Dec. 2023)

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What is ABB Total Assets?

ABB's Total Assets for the quarter that ended in Dec. 2023 was $40,940 Mil.

During the past 12 months, ABB's average Total Assets Growth Rate was -4.90% per year. During the past 3 years, the average Total Assets Growth Rate was -1.40% per year. During the past 5 years, the average Total Assets Growth Rate was -5.90% per year. During the past 10 years, the average Total Assets Growth Rate was -1.70% per year.

During the past 13 years, ABB's highest 3-Year average Total Assets Growth Rate was 13.00%. The lowest was -19.30%. And the median was -0.60%.

Total Assets is connected with ROA %. ABB's annualized ROA % for the quarter that ended in Dec. 2023 was 9.09%. Total Assets is also linked to Revenue through Asset Turnover. ABB's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

ABB Total Assets Historical Data

The historical data trend for ABB'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.

* Premium members only.

ABB Total Assets Chart

ABB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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46,108.00

41,088.00

40,260.00

39,148.00

40,940.00

ABB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															39,148.00	40,039.00	39,856.00	40,099.00	40,940.00

ABB 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.

ABB'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 )
	=	14146	+	26794
	=	40,940

ABB's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	14146	+	26794
	=	40,940

ABB (OTCPK:ABBNY) Total Assets Explanation

Total Assets is connected with ROA %.

ABB's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	3684	/	( (40099	+	40940)	/ 2 )
	=	3684	/	40519.5
	=	9.09 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

ABB's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	8245	/	( (40099	+	40940)	/ 2 )
=	8245	/	40519.5
=	0.20

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.

ABB Total Assets Related Terms

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ABB (ABBNY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ABB Ltd (OTCPK:ABBNY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ABLZF:USA ABB:Sweden ABBNz:UK 0NX2:UK ABJA:Germany ABBNE:Switzerland ABBN:Switzerland

Address

Affolternstrasse 44, Zurich, CHE, 8050

Website

https://www.abb.com

ABB is a supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies: ASEA and BBC. Its products include electrical equipment, industrial robots, and equipment used for industrial automation that are sold via approximately 20 business divisions. ABB is the number one or two supplier in two thirds of its product segments.