Otovo ASA (FRA:89K) Total Assets : €97.06 Mil (As of Sep. 2024)

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What is Otovo ASA Total Assets?

Otovo ASA's Total Assets for the quarter that ended in Sep. 2024 was €97.06 Mil.

During the past 12 months, Otovo ASA's average Total Assets Growth Rate was -11.30% per year. During the past 3 years, the average Total Assets Growth Rate was 59.90% per year. During the past 5 years, the average Total Assets Growth Rate was 86.00% per year.

During the past 6 years, Otovo ASA's highest 3-Year average Total Assets Growth Rate was 140.70%. The lowest was 59.90%. And the median was 70.80%.

Total Assets is connected with ROA %. Otovo ASA's annualized ROA % for the quarter that ended in Sep. 2024 was -40.66%. Total Assets is also linked to Revenue through Asset Turnover. Otovo ASA's Asset Turnover for the quarter that ended in Sep. 2024 was 0.12.

Otovo ASA Total Assets Historical Data

The historical data trend for Otovo ASA'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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Otovo ASA Total Assets Chart

Otovo ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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34.06

25.00

65.26

89.55

118.02

Otovo ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															106.79	118.02	110.44	104.00	97.06

Otovo ASA 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.

Otovo ASA'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 )
	=	75.989	+	42.027
	=	118.02

Otovo ASA's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	47.198	+	49.866
	=	97.06

Otovo ASA (FRA:89K) Total Assets Explanation

Total Assets is connected with ROA %.

Otovo ASA's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-40.88	/	( (104.003	+	97.064)	/ 2 )
	=	-40.88	/	100.5335
	=	-40.66 %

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.

Otovo ASA's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	11.792	/	( (104.003	+	97.064)	/ 2 )
=	11.792	/	100.5335
=	0.12

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.

Otovo ASA Total Assets Related Terms

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Otovo ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Otovo ASA (FRA:89K) » Definitions » Total Assets

Traded in Other Exchanges

OTOVO:Norway

Address

Torggata 7, Oslo, NOR, 0181

Website

https://www.otovo.com

Otovo ASA is an energy company. It is engaged in the development, commercialization and installation of renewable power, as well as taking ownership or providing business advice related to it. The Group's operating segments are The Marketplace, and Subscription SPV. The Marketplace segment consists of transactions relating to sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to use solar panels and related products.

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