Euroseas (FRA:2LE1) Total Assets : €389.4 Mil (As of Dec. 2023)

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What is Euroseas Total Assets?

Euroseas's Total Assets for the quarter that ended in Dec. 2023 was €389.4 Mil.

Warning Sign:

If a company builds assets at 42% a year, faster than its revenue growth rate of 8.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Euroseas's average Total Assets Growth Rate was 20.90% per year. During the past 3 years, the average Total Assets Growth Rate was 50.70% per year. During the past 5 years, the average Total Assets Growth Rate was 42.00% per year. During the past 10 years, the average Total Assets Growth Rate was 6.40% per year.

During the past 13 years, Euroseas's highest 3-Year average Total Assets Growth Rate was 92.00%. The lowest was -28.40%. And the median was 0.80%.

Total Assets is connected with ROA %. Euroseas's annualized ROA % for the quarter that ended in Dec. 2023 was 23.48%. Total Assets is also linked to Revenue through Asset Turnover. Euroseas's Asset Turnover for the quarter that ended in Dec. 2023 was 0.12.

Euroseas Total Assets Historical Data

The historical data trend for Euroseas'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.

Euroseas Total Assets Chart

Euroseas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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114.18

90.90

195.96

310.19

389.43

Euroseas 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															310.19	337.22	363.78	383.15	389.43

Euroseas 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.

Euroseas'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 )
	=	244.449	+	144.976
	=	389.4

Euroseas'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 )
	=	244.449	+	144.976
	=	389.4

Euroseas (FRA:2LE1) Total Assets Explanation

Total Assets is connected with ROA %.

Euroseas'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 )
	=	90.692	/	( (383.149	+	389.425)	/ 2 )
	=	90.692	/	386.287
	=	23.48 %

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.

Euroseas'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 )
=	44.987	/	( (383.149	+	389.425)	/ 2 )
=	44.987	/	386.287
=	0.12

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.

Euroseas Total Assets Related Terms

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Euroseas (FRA:2LE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroseas Ltd (FRA:2LE1) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ESEA:USA

Address

4 Messogiou and Evropis Street, Maroussi, GRC, 151 24

Website

http://www.euroseas.gr

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (FRA:2LE1) Headlines

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