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Hexagon Composites ASA (Hexagon Composites ASA) Total Assets : $653.1 Mil (As of Mar. 2024)


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What is Hexagon Composites ASA Total Assets?

Hexagon Composites ASA's Total Assets for the quarter that ended in Mar. 2024 was $653.1 Mil.

Warning Sign:

If a company builds assets at 19.4% a year, faster than its revenue growth rate of 17% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Hexagon Composites ASA's average Total Assets Growth Rate was -12.50% per year. During the past 3 years, the average Total Assets Growth Rate was 11.60% per year. During the past 5 years, the average Total Assets Growth Rate was 19.40% per year. During the past 10 years, the average Total Assets Growth Rate was 25.50% per year.

During the past 13 years, Hexagon Composites ASA's highest 3-Year average Total Assets Growth Rate was 35.60%. The lowest was -3.40%. And the median was 15.60%.

Total Assets is connected with ROA %. Hexagon Composites ASA's annualized ROA % for the quarter that ended in Mar. 2024 was -9.42%. Total Assets is also linked to Revenue through Asset Turnover. Hexagon Composites ASA's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Hexagon Composites ASA Total Assets Historical Data

The historical data trend for Hexagon Composites ASA'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.

Hexagon Composites ASA Total Assets Chart

Hexagon Composites ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 534.96 708.04 725.44 799.97 609.33

Hexagon Composites ASA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 896.73 742.16 701.73 609.33 653.11

Hexagon Composites ASA 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.

Hexagon Composites ASA'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 )
=304.665+304.668
=609.3

Hexagon Composites ASA'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 )
=301.717+351.396
=653.1

* 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.

Hexagon Composites ASA  (OTCPK:HXGCF) Total Assets Explanation

Total Assets is connected with ROA %.

Hexagon Composites ASA'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 )
=-59.456/( (609.333+653.113)/ 2 )
=-59.456/631.223
=-9.42 %

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.

Hexagon Composites ASA'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 )
=101.907/( (609.333+653.113)/ 2 )
=101.907/631.223
=0.16

* 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.

Hexagon Composites ASA Total Assets Related Terms

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Hexagon Composites ASA (Hexagon Composites ASA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (OTCPK:HXGCF) » Definitions » Total Assets
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Traded in Other Exchanges
HEXO:Sweden HEX:Norway 0EOF:UK 2HX:Germany 2HX:Germany 2HX:Germany
Address
Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Website
https://www.hexagongroup.com
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.