Epiroc AB's Total Assets for the quarter that ended in Mar. 2024 was $7,486 Mil.
Warning Sign:
If a company builds assets at 16.5% a year, faster than its revenue growth rate of 8.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Epiroc AB's average Total Assets Growth Rate was 5.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 28.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 16.50% per year.
During the past 9 years, Epiroc AB's highest 3-Year average Total Assets Growth Rate was 28.60%. The lowest was 3.90%. And the median was 9.95%.
Total Assets is connected with ROA %. Epiroc AB's annualizedROA % for the quarter that ended in Mar. 2024 was 10.95%. Total Assets is also linked to Revenue through Asset Turnover. Epiroc AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.19.
Epiroc AB Total Assets Historical Data
The historical data trend for Epiroc AB'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.
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.
Epiroc AB's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Epiroc AB's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
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.
Epiroc AB Total Assets Related Terms
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Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company's products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on the Nasdaq Stockholm in June 2018.
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