Ituran Location and Control (Ituran Location and Control) Total Assets

: $318.7 Mil (As of Dec. 2023)

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Ituran Location and Control's Total Assets for the quarter that ended in Dec. 2023 was $318.7 Mil.

During the past 12 months, Ituran Location and Control's average Total Assets Growth Rate was 0.90% per year. During the past 3 years, the average Total Assets Growth Rate was 4.30% per year. During the past 5 years, the average Total Assets Growth Rate was -3.30% per year. During the past 10 years, the average Total Assets Growth Rate was 10.60% per year.

During the past 13 years, Ituran Location and Control's highest 3-Year average Total Assets Growth Rate was 48.50%. The lowest was -9.40%. And the median was 3.90%.

Total Assets is connected with ROA %. Ituran Location and Control's annualized ROA % for the quarter that ended in Dec. 2023 was 15.61%. Total Assets is also linked to Revenue through Asset Turnover. Ituran Location and Control's Asset Turnover for the quarter that ended in Dec. 2023 was 0.25.

Ituran Location and Control Total Assets Historical Data

The historical data trend for Ituran Location and Control'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.

Ituran Location and Control Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

339.24

312.47

293.02

290.93

318.69

Ituran Location and Control Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																290.93	298.56	304.12	297.13	318.69

Ituran Location and Control 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.

Ituran Location and Control'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 )
	=	180.249	+	138.439
	=	318.7

Ituran Location and Control'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 )
	=	180.249	+	138.439
	=	318.7

Ituran Location and Control (NAS:ITRN) Total Assets Explanation

Total Assets is connected with ROA %.

Ituran Location and Control'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 )
	=	48.076	/	( (297.129	+	318.688)	/ 2 )
	=	48.076	/	307.9085
	=	15.61 %

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.

Ituran Location and Control'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 )
=	77.808	/	( (297.129	+	318.688)	/ 2 )
=	77.808	/	307.9085
=	0.25

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.

Ituran Location and Control Total Assets Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ituran Location and Control Ltd (NAS:ITRN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hashikma Street, Azour, ISR, 5800182

Website

https://www.ituran.com

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.