Athena IT-Group AS (OCSE:ATHENA) Total Assets : kr81.27 Mil (As of Sep. 2015)

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What is Athena IT-Group AS Total Assets?

Athena IT-Group AS's Total Assets for the quarter that ended in Sep. 2015 was kr81.27 Mil.

During the past 12 months, Athena IT-Group AS's average Total Assets Growth Rate was -5.20% per year. During the past 3 years, the average Total Assets Growth Rate was 3.50% per year. During the past 5 years, the average Total Assets Growth Rate was 0.10% per year.

During the past 8 years, Athena IT-Group AS's highest 3-Year average Total Assets Growth Rate was 4.50%. The lowest was -56.70%. And the median was -6.70%.

Total Assets is connected with ROA %. Athena IT-Group AS's annualized ROA % for the quarter that ended in Sep. 2015 was 4.37%. Total Assets is also linked to Revenue through Asset Turnover. Athena IT-Group AS's Asset Turnover for the quarter that ended in Sep. 2015 was 0.19.

Athena IT-Group AS Total Assets Historical Data

The historical data trend for Athena IT-Group AS'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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Athena IT-Group AS Total Assets Chart

Athena IT-Group AS Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Total Assets

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74.19

71.70

68.91

84.95

79.45

Athena IT-Group AS Quarterly Data
	Jun09	Jun10	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Total Assets	Get a 7-Day Free Trial															88.34	86.82	84.37	79.45	81.27

Athena IT-Group AS 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.

Athena IT-Group AS's Total Assets for the fiscal year that ended in Jun. 2015 is calculated as

Total Assets	=	Total Equity (A: Jun. 2015 )	+	Total Liabilities (A: Jun. 2015 )
	=	52.89	+	26.56
	=	79.45

Athena IT-Group AS's Total Assets for the quarter that ended in Sep. 2015 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2015 )	+	Total Liabilities (Q: Sep. 2015 )
	=	53.769	+	27.498
	=	81.27

Athena IT-Group AS (OCSE:ATHENA) Total Assets Explanation

Total Assets is connected with ROA %.

Athena IT-Group AS's annualized ROA % for the quarter that ended in Sep. 2015 is

ROA %	=	Net Income (Q: Sep. 2015 )	/	( (Total Assets (Q: Jun. 2015 )	+	Total Assets (Q: Sep. 2015 ))	/ count )
	=	3.512	/	( (79.45	+	81.267)	/ 2 )
	=	3.512	/	80.3585
	=	4.37 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) 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.

Athena IT-Group AS's Asset Turnover for the quarter that ended in Sep. 2015 is

	Asset Turnover
=	Revenue (Q: Sep. 2015 )	/	( (Total Assets (Q: Jun. 2015 )	+	Total Assets (Q: Sep. 2015 ))	/ count )
=	15.451	/	( (79.45	+	81.267)	/ 2 )
=	15.451	/	80.3585
=	0.19

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.

Athena IT-Group AS Total Assets Related Terms

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Athena IT-Group AS (OCSE:ATHENA) Business Description

Industry

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Address

Website

http://www.athena.dk

Athena IT-Group AS provides professional IT solutions for the Danish business community. It consists of two divisions: Infrastructure & Outsourcing; and E-Solutions.

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