Orsted AS's Total Assets for the quarter that ended in Sep. 2024 was $43,218 Mil.
Warning Sign:
If a company builds assets at 13.3% a year, faster than its revenue growth rate of 7.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Orsted AS's average Total Assets Growth Rate was 4.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.40% per year.
During the past 11 years, Orsted AS's highest 3-Year average Total Assets Growth Rate was 20.40%. The lowest was -2.90%. And the median was 12.80%.
Total Assets is connected with ROA %. Orsted AS's annualizedROA % for the quarter that ended in Sep. 2024 was 7.21%. Total Assets is also linked to Revenue through Asset Turnover. Orsted AS's Asset Turnover for the quarter that ended in Sep. 2024 was 0.05.
Orsted AS Total Assets Historical Data
The historical data trend for Orsted AS'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.
Orsted AS'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 (Sep. 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.
Orsted AS's Asset Turnover for the quarter that ended in Sep. 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.
Orsted AS Total Assets Related Terms
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Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2023. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the US Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.
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