Cadiz (FRA:2ZC) Total Assets : €115.47 Mil (As of Mar. 2024)

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What is Cadiz Total Assets?

Cadiz's Total Assets for the quarter that ended in Mar. 2024 was €115.47 Mil.

Warning Sign:

If a company builds assets at 15% a year, faster than its revenue growth rate of 12.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Cadiz's average Total Assets Growth Rate was 2.10% per year. During the past 3 years, the average Total Assets Growth Rate was 15.30% per year. During the past 5 years, the average Total Assets Growth Rate was 15.00% per year. During the past 10 years, the average Total Assets Growth Rate was 8.10% per year.

During the past 13 years, Cadiz's highest 3-Year average Total Assets Growth Rate was 88.10%. The lowest was -40.40%. And the median was 2.05%.

Total Assets is connected with ROA %. Cadiz's annualized ROA % for the quarter that ended in Mar. 2024 was -23.57%. Total Assets is also linked to Revenue through Asset Turnover. Cadiz's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Cadiz Total Assets Historical Data

The historical data trend for Cadiz'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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Cadiz Total Assets Chart

Cadiz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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69.05

61.13

99.56

104.58

98.46

Cadiz Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															119.13	111.55	107.24	98.46	115.47

Cadiz 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.

Cadiz'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 )
	=	36.65	+	61.812
	=	98.46

Cadiz'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 )
	=	33.682	+	81.784
	=	115.47

Cadiz (FRA:2ZC) Total Assets Explanation

Total Assets is connected with ROA %.

Cadiz'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 )
	=	-25.208	/	( (98.462	+	115.466)	/ 2 )
	=	-25.208	/	106.964
	=	-23.57 %

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.

Cadiz'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 )
=	1.031	/	( (98.462	+	115.466)	/ 2 )
=	1.031	/	106.964
=	0.01

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.

Cadiz Total Assets Related Terms

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Cadiz (FRA:2ZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cadiz Inc (FRA:2ZC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CDZI:USA 2ZC:Germany

Address

550 South Hope Street, Suite 2850, Los Angeles, CA, USA, 90071

Website

https://www.cadizinc.com

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

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