Al Enmaa Real Estate Co (KUW:ERESCO) Total Assets : KWD57.32 Mil (As of Apr. 2024)

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What is Al Enmaa Real Estate Co Total Assets?

Al Enmaa Real Estate Co's Total Assets for the quarter that ended in Apr. 2024 was KWD57.32 Mil.

During the past 12 months, Al Enmaa Real Estate Co's average Total Assets Growth Rate was -7.60% per year. During the past 3 years, the average Total Assets Growth Rate was -8.90% per year. During the past 5 years, the average Total Assets Growth Rate was -7.20% per year. During the past 10 years, the average Total Assets Growth Rate was -6.00% per year.

During the past 13 years, Al Enmaa Real Estate Co's highest 3-Year average Total Assets Growth Rate was 31.10%. The lowest was -11.30%. And the median was -2.55%.

Total Assets is connected with ROA %. Al Enmaa Real Estate Co's annualized ROA % for the quarter that ended in Apr. 2024 was 3.40%. Total Assets is also linked to Revenue through Asset Turnover. Al Enmaa Real Estate Co's Asset Turnover for the quarter that ended in Apr. 2024 was 0.05.

Al Enmaa Real Estate Co Total Assets Historical Data

The historical data trend for Al Enmaa Real Estate 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.

* Premium members only.

Al Enmaa Real Estate Co Total Assets Chart

Al Enmaa Real Estate Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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71.47

74.44

65.16

63.77

62.01

Al Enmaa Real Estate Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Total Assets	Get a 7-Day Free Trial															63.56	62.27	62.01	57.60	57.32

Al Enmaa Real Estate 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.

Al Enmaa Real Estate Co's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	42.13	+	19.882
	=	62.01

Al Enmaa Real Estate Co's Total Assets for the quarter that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (Q: Apr. 2024 )	+	Total Liabilities (Q: Apr. 2024 )
	=	42.642	+	14.676
	=	57.32

Al Enmaa Real Estate Co (KUW:ERESCO) Total Assets Explanation

Total Assets is connected with ROA %.

Al Enmaa Real Estate Co's annualized ROA % for the quarter that ended in Apr. 2024 is

ROA %	=	Net Income (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
	=	1.956	/	( (57.599	+	57.319)	/ 2 )
	=	1.956	/	57.459
	=	3.40 %

Note: The Net Income data used here is four times the quarterly (Apr. 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.

Al Enmaa Real Estate Co's Asset Turnover for the quarter that ended in Apr. 2024 is

	Asset Turnover
=	Revenue (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
=	2.722	/	( (57.599	+	57.319)	/ 2 )
=	2.722	/	57.459
=	0.05

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.

Al Enmaa Real Estate Co Total Assets Related Terms

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Al Enmaa Real Estate Co Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al Enmaa Real Estate Co (KUW:ERESCO) » Definitions » Total Assets

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Address

Al-Enmaa Tower, Abdullah Al-Mubarak Street, P.O. Box 24544, 1st, 2nd and Mezzanine Floors, Opposite Scientific Museum, Mirqab, Kuwait, KWT, 13160

Website

https://www.enmaa.com

Al Enmaa Real Estate Co is a real estate development and investment company. It is organized into the following operating segments namely Construction, Services Rendered, Real Estate, and Investments. The Services Rendered segment undertakes contracts to construct buildings and maintenance of mechanical and electrical spare parts and building materials. It generates maximum revenue from the Services Rendered segment.

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