Converge Technology Solutions (STU:0ZB) Total Assets : €1,472 Mil (As of Dec. 2023)

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What is Converge Technology Solutions Total Assets?

Converge Technology Solutions's Total Assets for the quarter that ended in Dec. 2023 was €1,472 Mil.

Warning Sign:

If a company builds assets at 55.6% a year, faster than its revenue growth rate of 9.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Converge Technology Solutions's average Total Assets Growth Rate was -5.10% per year. During the past 3 years, the average Total Assets Growth Rate was 44.60% per year. During the past 5 years, the average Total Assets Growth Rate was 55.60% per year.

During the past 6 years, Converge Technology Solutions's highest 3-Year average Total Assets Growth Rate was 65.80%. The lowest was 44.60%. And the median was 64.60%.

Total Assets is connected with ROA %. Converge Technology Solutions's annualized ROA % for the quarter that ended in Dec. 2023 was 1.08%. Total Assets is also linked to Revenue through Asset Turnover. Converge Technology Solutions's Asset Turnover for the quarter that ended in Dec. 2023 was 0.30.

Converge Technology Solutions Total Assets Historical Data

The historical data trend for Converge Technology Solutions'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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Converge Technology Solutions Total Assets Chart

Converge Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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334.12

462.45

946.42

1,562.71

1,471.85

Converge Technology Solutions 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															1,562.71	1,513.25	1,471.70	1,495.62	1,471.85

Converge Technology Solutions 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.

Converge Technology Solutions'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 )
	=	418.415	+	1053.434
	=	1,472

Converge Technology Solutions'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 )
	=	418.415	+	1053.434
	=	1,472

Converge Technology Solutions (STU:0ZB) Total Assets Explanation

Total Assets is connected with ROA %.

Converge Technology Solutions'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 )
	=	16.024	/	( (1495.616	+	1471.849)	/ 2 )
	=	16.024	/	1483.7325
	=	1.08 %

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.

Converge Technology Solutions'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 )
=	445.028	/	( (1495.616	+	1471.849)	/ 2 )
=	445.028	/	1483.7325
=	0.30

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.

Converge Technology Solutions Total Assets Related Terms

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Converge Technology Solutions (STU:0ZB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (STU:0ZB) » Definitions » Total Assets

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Traded in Other Exchanges

CTSDF:USA CTS:Canada

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

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