Axfood AB's Total Assets for the quarter that ended in Mar. 2024 was $2,949 Mil.
Warning Sign:
If a company builds assets at 21.4% a year, faster than its revenue growth rate of 11% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Axfood AB's average Total Assets Growth Rate was 2.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 19.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.40% per year.
During the past 13 years, Axfood AB's highest 3-Year average Total Assets Growth Rate was 119.50%. The lowest was -5.30%. And the median was 4.90%.
Total Assets is connected with ROA %. Axfood AB's annualizedROA % for the quarter that ended in Mar. 2024 was 7.34%. Total Assets is also linked to Revenue through Asset Turnover. Axfood AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.66.
Axfood AB Total Assets Historical Data
The historical data trend for Axfood AB'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.
Axfood AB'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.
Axfood AB'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.
Axfood AB Total Assets Related Terms
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Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden's primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. This segment contributes to the majority of the company's revenue. Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.
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