Emirates Driving Co PJSC (ADX:DRIVE) Total Assets : د.إ1,181.0 Mil (As of Sep. 2023)

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What is Emirates Driving Co PJSC Total Assets?

Emirates Driving Co PJSC's Total Assets for the quarter that ended in Sep. 2023 was د.إ1,181.0 Mil.

During the past 12 months, Emirates Driving Co PJSC's average Total Assets Growth Rate was 9.80% per year. During the past 3 years, the average Total Assets Growth Rate was -1.90% per year. During the past 5 years, the average Total Assets Growth Rate was -1.50% per year. During the past 10 years, the average Total Assets Growth Rate was 6.30% per year.

During the past 13 years, Emirates Driving Co PJSC's highest 3-Year average Total Assets Growth Rate was 59.50%. The lowest was -4.10%. And the median was 15.10%.

Total Assets is connected with ROA %. Emirates Driving Co PJSC's annualized ROA % for the quarter that ended in Sep. 2023 was 24.08%. Total Assets is also linked to Revenue through Asset Turnover. Emirates Driving Co PJSC's Asset Turnover for the quarter that ended in Sep. 2023 was 0.08.

Emirates Driving Co PJSC Total Assets Historical Data

The historical data trend for Emirates Driving Co PJSC'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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Emirates Driving Co PJSC Total Assets Chart

Emirates Driving Co PJSC Annual Data

Trend

Dec12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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709.06

796.49

812.51

911.65

1,091.36

Emirates Driving Co PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															1,045.00	1,091.36	1,044.25	1,104.89	1,180.95

Emirates Driving Co PJSC 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.

Emirates Driving Co PJSC's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	971.76	+	119.604
	=	1,091.4

Emirates Driving Co PJSC's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	1075.461	+	105.491
	=	1,181.0

Emirates Driving Co PJSC (ADX:DRIVE) Total Assets Explanation

Total Assets is connected with ROA %.

Emirates Driving Co PJSC's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	275.168	/	( (1104.891	+	1180.952)	/ 2 )
	=	275.168	/	1142.9215
	=	24.08 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Emirates Driving Co PJSC's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	94.096	/	( (1104.891	+	1180.952)	/ 2 )
=	94.096	/	1142.9215
=	0.08

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.

Emirates Driving Co PJSC Total Assets Related Terms

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Emirates Driving Co PJSC (ADX:DRIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Emirates Driving Co PJSC (ADX:DRIVE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street no. 17 Mussaffah Industrial Area, Abu Dhabi, ARE

Website

https://www.edcad.ae

Emirates Driving Co PJSC is the driver's training and road safety institute in Abu Dhabi. The company and its subsidiaries are engaged in the management and development of motor vehicle driving training and services. The company offers these services to the national and expatriates living in the country. The firm generates its revenue from training and testing services.

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