SMI - Ste Metallurgique d'Imiter (CAS:SMI) Total Assets : MAD1,833 Mil (As of Jun. 2024)

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What is SMI - Ste Metallurgique d'Imiter Total Assets?

SMI - Ste Metallurgique d'Imiter's Total Assets for the quarter that ended in Jun. 2024 was MAD1,833 Mil.

During the past 12 months, SMI - Ste Metallurgique d'Imiter's average Total Assets Growth Rate was 20.20% per year. During the past 3 years, the average Total Assets Growth Rate was -2.80% per year. During the past 5 years, the average Total Assets Growth Rate was 3.10% per year.

During the past 13 years, SMI - Ste Metallurgique d'Imiter's highest 3-Year average Total Assets Growth Rate was 23.60%. The lowest was -9.90%. And the median was 2.95%.

Total Assets is connected with ROA %. SMI - Ste Metallurgique d'Imiter's annualized ROA % for the quarter that ended in Jun. 2024 was 13.16%. Total Assets is also linked to Revenue through Asset Turnover. SMI - Ste Metallurgique d'Imiter's Asset Turnover for the quarter that ended in Jun. 2024 was 0.32.

SMI - Ste Metallurgique d'Imiter Total Assets Historical Data

The historical data trend for SMI - Ste Metallurgique d'Imiter'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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SMI - Ste Metallurgique d'Imiter Total Assets Chart

SMI - Ste Metallurgique d'Imiter Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,426.00

1,792.22

1,484.73

1,505.34

1,688.11

SMI - Ste Metallurgique d'Imiter Semi-Annual Data
	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															1,496.45	1,505.34	1,518.98	1,688.11	1,833.30

SMI - Ste Metallurgique d'Imiter 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.

SMI - Ste Metallurgique d'Imiter'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 )
	=	1339.609	+	348.501
	=	1,688

SMI - Ste Metallurgique d'Imiter's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1323.832	+	509.465
	=	1,833

SMI - Ste Metallurgique d'Imiter (CAS:SMI) Total Assets Explanation

Total Assets is connected with ROA %.

SMI - Ste Metallurgique d'Imiter's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	231.66	/	( (1688.11	+	1833.297)	/ 2 )
	=	231.66	/	1760.7035
	=	13.16 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

SMI - Ste Metallurgique d'Imiter's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	571.069	/	( (1688.11	+	1833.297)	/ 2 )
=	571.069	/	1760.7035
=	0.32

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.

SMI - Ste Metallurgique d'Imiter Total Assets Related Terms

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SMI - Ste Metallurgique d'Imiter Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SMI - Ste Metallurgique d'Imiter (CAS:SMI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR

Website

http://www.managemgroup.com

SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.