Solteq Oyj (FRA:B3M) Total Assets : €53.24 Mil (As of Sep. 2024)

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What is Solteq Oyj Total Assets?

Solteq Oyj's Total Assets for the quarter that ended in Sep. 2024 was €53.24 Mil.

During the past 12 months, Solteq Oyj's average Total Assets Growth Rate was -21.20% per year. During the past 3 years, the average Total Assets Growth Rate was -7.50% per year. During the past 5 years, the average Total Assets Growth Rate was -1.80% per year. During the past 10 years, the average Total Assets Growth Rate was 9.80% per year.

During the past 13 years, Solteq Oyj's highest 3-Year average Total Assets Growth Rate was 38.60%. The lowest was -7.70%. And the median was 7.40%.

Total Assets is connected with ROA %. Solteq Oyj's annualized ROA % for the quarter that ended in Sep. 2024 was -4.37%. Total Assets is also linked to Revenue through Asset Turnover. Solteq Oyj's Asset Turnover for the quarter that ended in Sep. 2024 was 0.21.

Solteq Oyj Total Assets Historical Data

The historical data trend for Solteq Oyj'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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Solteq Oyj Total Assets Chart

Solteq Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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76.98

74.68

75.81

74.34

57.19

Solteq Oyj 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															68.90	57.19	56.22	55.02	53.24

Solteq Oyj 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.

Solteq Oyj'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 )
	=	17.219	+	39.97
	=	57.19

Solteq Oyj'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 )
	=	15.37	+	37.871
	=	53.24

Solteq Oyj (FRA:B3M) Total Assets Explanation

Total Assets is connected with ROA %.

Solteq Oyj'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 )
	=	-2.364	/	( (55.017	+	53.241)	/ 2 )
	=	-2.364	/	54.129
	=	-4.37 %

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.

Solteq Oyj'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 )
=	11.424	/	( (55.017	+	53.241)	/ 2 )
=	11.424	/	54.129
=	0.21

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.

Solteq Oyj Total Assets Related Terms

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Solteq Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Solteq Oyj (FRA:B3M) » Definitions » Total Assets

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SOLTEQ:Finland

Address

Karhumaenkuja 2, Vantaa, FIN, 01530

Website

https://www.solteq.com

Solteq Oyj is a provider of IT services and software solutions specializing in the digitalization of business and industry-specific software in sectors including retail, industry, energy, and services. It operates in Finland, Sweden, Norway, Denmark, Poland, and the UK. It has two business segments: Utilities and Retail & Commerce. The Utilities segment offers software solutions and expert services for the energy sector. The Retail & Commerce segment is focused on software solutions and services related to retail industry and e-commerce. The company derives maximum revenue from Retail & Commerce segment and geographically from Finland.

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