KONE Oyj's Total Assets for the quarter that ended in Mar. 2024 was €8,303 Mil.
Warning Sign:
If a company builds assets at 4.4% a year, faster than its revenue growth rate of 3.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, KONE Oyj's average Total Assets Growth Rate was -2.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 4.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 4.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.90% per year.
During the past 13 years, KONE Oyj's highest 3-Year average Total Assets Growth Rate was 21.60%. The lowest was -16.40%. And the median was 4.30%.
Total Assets is connected with ROA %. KONE Oyj's annualizedROA % for the quarter that ended in Mar. 2024 was 9.53%. Total Assets is also linked to Revenue through Asset Turnover. KONE Oyj's Asset Turnover for the quarter that ended in Mar. 2024 was 0.30.
KONE Oyj Total Assets Historical Data
The historical data trend for KONE 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.
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.
KONE Oyj'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 (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.
KONE Oyj's Asset Turnover for the quarter that ended in Mar. 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.
KONE Oyj Total Assets Related Terms
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Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.
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