Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Total Assets : $46,970 Mil (As of Sep. 2023)

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What is Fomento Economico MexicanoB de CV Total Assets?

Fomento Economico MexicanoB de CV's Total Assets for the quarter that ended in Sep. 2023 was $46,970 Mil.

During the past 12 months, Fomento Economico MexicanoB de CV's average Total Assets Growth Rate was 166.10% per year. During the past 3 years, the average Total Assets Growth Rate was 51.70% per year. During the past 5 years, the average Total Assets Growth Rate was 60.20% per year. During the past 10 years, the average Total Assets Growth Rate was 49.40% per year.

During the past 13 years, Fomento Economico MexicanoB de CV's highest 3-Year average Total Assets Growth Rate was 83.30%. The lowest was 2.10%. And the median was 34.15%.

Total Assets is connected with ROA %. Fomento Economico MexicanoB de CV's annualized ROA % for the quarter that ended in Sep. 2023 was 4.84%. Total Assets is also linked to Revenue through Asset Turnover. Fomento Economico MexicanoB de CV's Asset Turnover for the quarter that ended in Sep. 2023 was 0.23.

Fomento Economico MexicanoB de CV Total Assets Historical Data

The historical data trend for Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV Total Assets Chart

Fomento Economico MexicanoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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33,803.87

34,428.31

35,951.06

40,973.28

47,474.03

Fomento Economico MexicanoB de CV 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															40,973.28	44,975.98	45,555.68	46,969.56	47,474.03

Fomento Economico MexicanoB de CV 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.

Fomento Economico MexicanoB de CV's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	17326.682	+	23646.594
	=	40,973

Fomento Economico MexicanoB de CV's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	21580.069	+	25389.495
	=	46,970

Fomento Economico MexicanoB de CV (NYSE:FMX) Total Assets Explanation

Total Assets is connected with ROA %.

Fomento Economico MexicanoB de CV's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	2236.88	/	( (45555.679	+	46969.564)	/ 2 )
	=	2236.88	/	46262.6215
	=	4.84 %

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

Fomento Economico MexicanoB de CV's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	10798.33	/	( (45555.679	+	46969.564)	/ 2 )
=	10798.33	/	46262.6215
=	0.23

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.

Fomento Economico MexicanoB de CV Total Assets Related Terms

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Fomento Economico MexicanoB de CV (Fomento Economico MexicanoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (NYSE:FMX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FMXUF:USA FEMSAUB:Mexico FEMSAUBD:Mexico FOMC:Germany FOMA:Germany FMX:Argentina

Address

General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410

Website

https://www.femsa.com

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.