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Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) Total Assets : R$261 Mil (As of Dec. 2011)


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What is Fundo de Recuperacao Economica do Estado do Espiritonto Total Assets?

Fundo de Recuperacao Economica do Estado do Espiritonto's Total Assets for the quarter that ended in Dec. 2011 was R$261 Mil.

Total Assets is connected with ROA %. Fundo de Recuperacao Economica do Estado do Espiritonto's annualized ROA % for the quarter that ended in Dec. 2011 was 6.21%. Total Assets is also linked to Revenue through Asset Turnover. Fundo de Recuperacao Economica do Estado do Espiritonto's Asset Turnover for the quarter that ended in Dec. 2011 was 15.97.


Fundo de Recuperacao Economica do Estado do Espiritonto Total Assets Historical Data

The historical data trend for Fundo de Recuperacao Economica do Estado do Espiritonto'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.

* Premium members only.

Fundo de Recuperacao Economica do Estado do Espiritonto Total Assets Chart

Fundo de Recuperacao Economica do Estado do Espiritonto Annual Data
Trend Dec09 Dec10 Dec11
Total Assets
253.35 255.76 261.42

Fundo de Recuperacao Economica do Estado do Espiritonto Semi-Annual Data
Dec09 Dec10 Dec11
Total Assets 253.35 255.76 261.42

Fundo de Recuperacao Economica do Estado do Espiritonto 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.

Fundo de Recuperacao Economica do Estado do Espiritonto's Total Assets for the fiscal year that ended in Dec. 2011 is calculated as

Total Assets=Total Equity (A: Dec. 2011 )+Total Liabilities (A: Dec. 2011 )
=261.16+0.259
=261

Fundo de Recuperacao Economica do Estado do Espiritonto's Total Assets for the quarter that ended in Dec. 2011 is calculated as

Total Assets=Total Equity (Q: Dec. 2011 )+Total Liabilities (Q: Dec. 2011 )
=261.16+0.259
=261

* 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.


Fundo de Recuperacao Economica do Estado do Espiritonto  (BSP:FRES11) Total Assets Explanation

Total Assets is connected with ROA %.

Fundo de Recuperacao Economica do Estado do Espiritonto's annualized ROA % for the quarter that ended in Dec. 2011 is

ROA %=Net Income (Q: Dec. 2011 )/( (Total Assets (Q: Dec. 2010 )+Total Assets (Q: Dec. 2011 ))/ count )
=16.052/( (255.756+261.419)/ 2 )
=16.052/258.5875
=6.21 %

Note: The Net Income data used here is one times the annual (Dec. 2011) 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.

Fundo de Recuperacao Economica do Estado do Espiritonto's Asset Turnover for the quarter that ended in Dec. 2011 is

Asset Turnover
=Revenue (Q: Dec. 2011 )/( (Total Assets (Q: Dec. 2010 )+Total Assets (Q: Dec. 2011 ))/ count )
=4129.189/( (255.756+261.419)/ 2 )
=4129.189/258.5875
=15.97

* 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.

Fundo de Recuperacao Economica do Estado do Espiritonto Total Assets Related Terms

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Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) Business Description

Traded in Other Exchanges
N/A
Address
R. Alberto Oliveira Santos, 42 - Sala 1.506, Vitoria, ES, BRA, 29010901
Fundo de Recuperacao Economica do Estado do Espirito Santo is an open-end pension fund that collect GST and income tax based on taxable income.

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