Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Total Assets : lei262.89 Mil (As of Mar. 2024)

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What is Turism Hoteluri Restaurante Marea Neagra Total Assets?

Turism Hoteluri Restaurante Marea Neagra's Total Assets for the quarter that ended in Mar. 2024 was lei262.89 Mil.

During the past 12 months, Turism Hoteluri Restaurante Marea Neagra's average Total Assets Growth Rate was -37.50% per year. During the past 3 years, the average Total Assets Growth Rate was -0.70% per year. During the past 5 years, the average Total Assets Growth Rate was 6.10% per year. During the past 10 years, the average Total Assets Growth Rate was 3.30% per year.

During the past 13 years, Turism Hoteluri Restaurante Marea Neagra's highest 3-Year average Total Assets Growth Rate was 19.40%. The lowest was -11.10%. And the median was -1.00%.

Total Assets is connected with ROA %. Turism Hoteluri Restaurante Marea Neagra's annualized ROA % for the quarter that ended in Mar. 2024 was 2.60%. Total Assets is also linked to Revenue through Asset Turnover. Turism Hoteluri Restaurante Marea Neagra's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Turism Hoteluri Restaurante Marea Neagra Total Assets Historical Data

The historical data trend for Turism Hoteluri Restaurante Marea Neagra's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Turism Hoteluri Restaurante Marea Neagra Total Assets Chart

Turism Hoteluri Restaurante Marea Neagra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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276.73

262.06

410.47

417.96

244.96

Turism Hoteluri Restaurante Marea Neagra Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															430.45	424.11	413.84	244.96	262.89

Turism Hoteluri Restaurante Marea Neagra 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.

Turism Hoteluri Restaurante Marea Neagra'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 )
	=	217.281	+	27.681
	=	244.96

Turism Hoteluri Restaurante Marea Neagra's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	218.918	+	43.975
	=	262.89

Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Total Assets Explanation

Total Assets is connected with ROA %.

Turism Hoteluri Restaurante Marea Neagra's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	6.604	/	( (244.961	+	262.893)	/ 2 )
	=	6.604	/	253.927
	=	2.60 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Turism Hoteluri Restaurante Marea Neagra's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.118	/	( (244.961	+	262.893)	/ 2 )
=	0.118	/	253.927
=	0.00

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.

Turism Hoteluri Restaurante Marea Neagra Total Assets Related Terms

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Turism Hoteluri Restaurante Marea Neagra (BSE:EFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Turism Hoteluri Restaurante Marea Neagra SA (BSE:EFO) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

Lavrion Street, No. 29, Constanta County, Mangalia, ROU, 905500

Website

https://www.thrmareaneagra.ro

Turism Hoteluri Restaurante Marea Neagra SA is engaged in providing tourist services. It provides resort and various types of accommodation and food services in the resorts and hotels of Black Sea resorts of Eforie Nord, Eforie Sud, Venus and Saturn. The services provided by the company are completed by the health and treatment offers in spa units situated in Bran-Brad-Bega, Balada, Hora, and Sirena. Geographically the operations are carried out through the region of Romania.

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