Neste OYJ's Total Assets for the quarter that ended in Mar. 2024 was €16,428 Mil.
Warning Sign:
If a company builds assets at 16.6% a year, faster than its revenue growth rate of 11.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Neste OYJ's average Total Assets Growth Rate was 8.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 16.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.80% per year.
During the past 13 years, Neste OYJ's highest 3-Year average Total Assets Growth Rate was 20.40%. The lowest was -37.30%. And the median was 6.55%.
Total Assets is connected with ROA %. Neste OYJ's annualizedROA % for the quarter that ended in Mar. 2024 was 4.00%. Total Assets is also linked to Revenue through Asset Turnover. Neste OYJ's Asset Turnover for the quarter that ended in Mar. 2024 was 0.30.
Neste OYJ Total Assets Historical Data
The historical data trend for Neste OYJ'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.
Neste OYJ's Total Assets for the fiscal year that ended in Dec. 2023 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 four times the quarterly (Mar. 2024) 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.
Neste OYJ's Asset Turnover for the quarter that ended in Mar. 2024 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.
Neste OYJ Total Assets Related Terms
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Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.
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