Italgas SpA's Total Assets for the quarter that ended in Jun. 2023 was €10,935 Mil.
Warning Sign:
If a company builds assets at 11.7% a year, faster than its revenue growth rate of 7.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Italgas SpA's average Total Assets Growth Rate was 18.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.70% per year.
During the past 8 years, Italgas SpA's highest 3-Year average Total Assets Growth Rate was 13.10%. The lowest was 9.80%. And the median was 11.15%.
Total Assets is connected with ROA %. Italgas SpA's annualizedROA % for the quarter that ended in Jun. 2023 was 3.88%. Total Assets is also linked to Revenue through Asset Turnover. Italgas SpA's Asset Turnover for the quarter that ended in Jun. 2023 was 0.12.
Italgas SpA Total Assets Historical Data
The historical data trend for Italgas SpA'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.
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.
Italgas SpA's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Note:
The Net Income data used here is two times the semi-annual (Jun. 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.
Italgas SpA's Asset Turnover for the quarter that ended in Jun. 2023 is
* 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.
Italgas SpA Total Assets Related Terms
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Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
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