Globus Maritime (Globus Maritime) Total Assets : $231.40 Mil (As of Dec. 2023)

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What is Globus Maritime Total Assets?

Globus Maritime's Total Assets for the quarter that ended in Dec. 2023 was $231.40 Mil.

During the past 12 months, Globus Maritime's average Total Assets Growth Rate was -8.90% per year. During the past 3 years, the average Total Assets Growth Rate was 32.60% per year. During the past 5 years, the average Total Assets Growth Rate was 23.00% per year. During the past 10 years, the average Total Assets Growth Rate was 0.30% per year.

During the past 13 years, Globus Maritime's highest 3-Year average Total Assets Growth Rate was 48.00%. The lowest was -17.20%. And the median was -8.40%.

Total Assets is connected with ROA %. Globus Maritime's annualized ROA % for the quarter that ended in Dec. 2023 was 0.65%. Total Assets is also linked to Revenue through Asset Turnover. Globus Maritime's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Globus Maritime Total Assets Historical Data

The historical data trend for Globus Maritime'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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Globus Maritime Total Assets Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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55.66

86.44

185.65

225.46

231.40

Globus Maritime 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															225.46	224.16	217.32	233.90	231.40

Globus Maritime 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.

Globus Maritime'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 )
	=	175.97	+	55.431
	=	231.40

Globus Maritime'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 )
	=	175.97	+	55.431
	=	231.40

Globus Maritime (NAS:GLBS) Total Assets Explanation

Total Assets is connected with ROA %.

Globus Maritime'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 )
	=	1.512	/	( (233.896	+	231.401)	/ 2 )
	=	1.512	/	232.6485
	=	0.65 %

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.

Globus Maritime'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 )
=	7.11	/	( (233.896	+	231.401)	/ 2 )
=	7.11	/	232.6485
=	0.03

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.

Globus Maritime Total Assets Related Terms

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Globus Maritime (Globus Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » Total Assets

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Traded in Other Exchanges

0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.