Millicom International Cellular (Millicom International Cellular) Total Assets

: $14,516 Mil (As of Dec. 2023)

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Millicom International Cellular's Total Assets for the quarter that ended in Dec. 2023 was $14,516 Mil.

Warning Sign:

If a company builds assets at 7% a year, faster than its revenue growth rate of 2.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Millicom International Cellular's average Total Assets Growth Rate was 4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 6.50% per year. During the past 5 years, the average Total Assets Growth Rate was 7.00% per year. During the past 10 years, the average Total Assets Growth Rate was 4.50% per year.

During the past 13 years, Millicom International Cellular's highest 3-Year average Total Assets Growth Rate was 57.90%. The lowest was -13.60%. And the median was 12.25%.

Total Assets is connected with ROA %. Millicom International Cellular's annualized ROA % for the quarter that ended in Dec. 2023 was -1.74%. Total Assets is also linked to Revenue through Asset Turnover. Millicom International Cellular's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Millicom International Cellular Total Assets Historical Data

The historical data trend for Millicom International Cellular'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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Millicom International Cellular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

12,895.00

12,422.00

15,141.00

14,198.00

14,516.00

Millicom International Cellular Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																14,198.00	14,427.00	14,452.00	14,457.00	14,516.00

Millicom International Cellular 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.

Millicom International Cellular'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 )
	=	3445	+	11071
	=	14,516

Millicom International Cellular'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 )
	=	3445	+	11071
	=	14,516

Millicom International Cellular (NAS:TIGO) Total Assets Explanation

Total Assets is connected with ROA %.

Millicom International Cellular'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 )
	=	-252	/	( (14457	+	14516)	/ 2 )
	=	-252	/	14486.5
	=	-1.74 %

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.

Millicom International Cellular'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 )
=	1475	/	( (14457	+	14516)	/ 2 )
=	1475	/	14486.5
=	0.10

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.

Millicom International Cellular Total Assets Related Terms

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Millicom International Cellular (Millicom International Cellular) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Millicom International Cellular SA (NAS:TIGO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

TIGO SDB:Sweden TIGOs:UK 0GRK:UK M4M1:Germany M4M1:Germany M4M:Germany

Address

2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249

Website

https://www.millicom.com

Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.