Asseco Business Solutions (FRA:9QQ) Total Assets : €120.42 Mil (As of Mar. 2024)

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What is Asseco Business Solutions Total Assets?

Asseco Business Solutions's Total Assets for the quarter that ended in Mar. 2024 was €120.42 Mil.

During the past 12 months, Asseco Business Solutions's average Total Assets Growth Rate was 3.70% per year. During the past 3 years, the average Total Assets Growth Rate was 3.80% per year. During the past 5 years, the average Total Assets Growth Rate was 4.30% per year. During the past 10 years, the average Total Assets Growth Rate was 8.20% per year.

During the past 13 years, Asseco Business Solutions's highest 3-Year average Total Assets Growth Rate was 19.30%. The lowest was -2.50%. And the median was 3.00%.

Total Assets is connected with ROA %. Asseco Business Solutions's annualized ROA % for the quarter that ended in Mar. 2024 was 18.98%. Total Assets is also linked to Revenue through Asset Turnover. Asseco Business Solutions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.20.

Asseco Business Solutions Total Assets Historical Data

The historical data trend for Asseco Business Solutions'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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Asseco Business Solutions Total Assets Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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97.91

102.03

105.63

110.49

114.26

Asseco Business Solutions 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															115.20	102.86	107.99	114.26	120.42

Asseco Business Solutions 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.

Asseco Business Solutions'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 )
	=	87.856	+	26.399
	=	114.26

Asseco Business Solutions'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 )
	=	93.422	+	26.993
	=	120.42

Asseco Business Solutions (FRA:9QQ) Total Assets Explanation

Total Assets is connected with ROA %.

Asseco Business Solutions'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 )
	=	22.268	/	( (114.255	+	120.415)	/ 2 )
	=	22.268	/	117.335
	=	18.98 %

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.

Asseco Business Solutions'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 )
=	23.123	/	( (114.255	+	120.415)	/ 2 )
=	23.123	/	117.335
=	0.20

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.

Asseco Business Solutions Total Assets Related Terms

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Asseco Business Solutions (FRA:9QQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Business Solutions SA (FRA:9QQ) » Definitions » Total Assets

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Traded in Other Exchanges

ABS:Poland

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

Asseco Business Solutions (FRA:9QQ) Headlines

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