Atea ASA's Total Assets for the quarter that ended in Mar. 2024 was $1,519 Mil.
During the past 12 months, Atea ASA's average Total Assets Growth Rate was -9.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 3.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 4.60% per year.
During the past 13 years, Atea ASA's highest 3-Year average Total Assets Growth Rate was 80.00%. The lowest was 1.60%. And the median was 6.85%.
Total Assets is connected with ROA %. Atea ASA's annualizedROA % for the quarter that ended in Mar. 2024 was 4.89%. Total Assets is also linked to Revenue through Asset Turnover. Atea ASA's Asset Turnover for the quarter that ended in Mar. 2024 was 0.48.
Atea ASA Total Assets Historical Data
The historical data trend for Atea ASA'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.
Atea ASA'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 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.
Atea ASA'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.
Atea ASA Total Assets Related Terms
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Atea ASA is a Norway-based company that provides IT infrastructure and system integration services to customers. The company's product and services portfolio includes the sale of products such as third-party hardware and software, mobile device management and security software, and maintenance and operation of IT infrastructure services for companies, among others. The company operations are divided into six business segments based on geographical areas and services: Norway, Sweden, Denmark, Finland, The Baltics, and Shared Services. The firm generates most of its revenue in Sweden.
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