Coast Investment & Development Co (KUW:COAST) Total Assets : KWD51.90 Mil (As of Mar. 2024)

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What is Coast Investment & Development Co Total Assets?

Coast Investment & Development Co's Total Assets for the quarter that ended in Mar. 2024 was KWD51.90 Mil.

During the past 12 months, Coast Investment & Development Co's average Total Assets Growth Rate was -1.30% per year. During the past 3 years, the average Total Assets Growth Rate was 1.90% per year. During the past 5 years, the average Total Assets Growth Rate was -3.00% per year. During the past 10 years, the average Total Assets Growth Rate was -11.40% per year.

During the past 13 years, Coast Investment & Development Co's highest 3-Year average Total Assets Growth Rate was 19.00%. The lowest was -35.80%. And the median was -4.20%.

Total Assets is connected with ROA %. Coast Investment & Development Co's annualized ROA % for the quarter that ended in Mar. 2024 was -1.69%. Total Assets is also linked to Revenue through Asset Turnover. Coast Investment & Development Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Coast Investment & Development Co Total Assets Historical Data

The historical data trend for Coast Investment & Development Co'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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Coast Investment & Development Co Total Assets Chart

Coast Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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56.57

48.40

51.08

50.90

52.02

Coast Investment & Development Co 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															50.80	47.88	48.02	52.02	51.90

Coast Investment & Development Co 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.

Coast Investment & Development Co'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 )
	=	50.836	+	1.184
	=	52.02

Coast Investment & Development Co'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 )
	=	50.279	+	1.623
	=	51.90

Coast Investment & Development Co (KUW:COAST) Total Assets Explanation

Total Assets is connected with ROA %.

Coast Investment & Development Co'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 )
	=	-0.876	/	( (52.02	+	51.902)	/ 2 )
	=	-0.876	/	51.961
	=	-1.69 %

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.

Coast Investment & Development Co'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 )
=	0.227	/	( (52.02	+	51.902)	/ 2 )
=	0.227	/	51.961
=	0.00

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.

Coast Investment & Development Co Total Assets Related Terms

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Coast Investment & Development Co (KUW:COAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Coast Investment & Development Co (KUW:COAST) » Definitions » Total Assets

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Address

Al Sharq Area, Shuhada Street, P.O. Box 26755, Coast Building, Al Asima Governate, Kuwait, KWT, 13128

Website

https://www.coast.com.kw

Coast Investment & Development Co is a financial institution. The coast is engaged in a variety of investment management activities such as private equity, asset management, and real estate investments both locally and internationally. It also offers a wide array of investment services including portfolio and fund management, advisory services, corporate finance, and online equity trading services. The company's geographical segment includes Kuwait and GCC; Europe and the USA. It derives the majority of its revenue from Kuwait and GCC.

Coast Investment & Development Co (KUW:COAST) Headlines

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