Freightos (Freightos) Total Assets : $85.04 Mil (As of Mar. 2024)

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What is Freightos Total Assets?

Freightos's Total Assets for the quarter that ended in Mar. 2024 was $85.04 Mil.

During the past 12 months, Freightos's average Total Assets Growth Rate was -1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 57.10% per year.

During the past 4 years, Freightos's highest 3-Year average Total Assets Growth Rate was 57.10%. The lowest was 57.10%. And the median was 57.10%.

Total Assets is connected with ROA %. Freightos's annualized ROA % for the quarter that ended in Mar. 2024 was -21.38%. Total Assets is also linked to Revenue through Asset Turnover. Freightos's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Freightos Total Assets Historical Data

The historical data trend for Freightos'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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Freightos Total Assets Chart

Freightos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

31.17

54.08

41.81

87.69

Freightos Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							102.51	97.21	92.35	87.69	85.04

Freightos 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.

Freightos'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 )
	=	72.042	+	15.643
	=	87.69

Freightos's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	68.642	+	16.402
	=	85.04

Freightos (NAS:CRGO) Total Assets Explanation

Total Assets is connected with ROA %.

Freightos's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-18.464	/	( (87.685	+	85.044)	/ 2 )
	=	-18.464	/	86.3645
	=	-21.38 %

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.

Freightos's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	5.355	/	( (87.685	+	85.044)	/ 2 )
=	5.355	/	86.3645
=	0.06

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.

Freightos Total Assets Related Terms

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Freightos (Freightos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightos Ltd (NAS:CRGO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Derech Agudat Sport HaPo’el, Technology Park Building 2, Jerusalem, ISR, 9695102

Website

https://www.freightos.com

Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.