Al-Massaleh Real Estate Co (KUW:MASSALEH) Total Assets : KWD80.10 Mil (As of Mar. 2024)

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What is Al-Massaleh Real Estate Co Total Assets?

Al-Massaleh Real Estate Co's Total Assets for the quarter that ended in Mar. 2024 was KWD80.10 Mil.

During the past 12 months, Al-Massaleh Real Estate Co's average Total Assets Growth Rate was 3.20% per year. During the past 3 years, the average Total Assets Growth Rate was -5.10% per year. During the past 5 years, the average Total Assets Growth Rate was -2.70% per year. During the past 10 years, the average Total Assets Growth Rate was -7.20% per year.

During the past 13 years, Al-Massaleh Real Estate Co's highest 3-Year average Total Assets Growth Rate was 46.00%. The lowest was -17.10%. And the median was 0.40%.

Total Assets is connected with ROA %. Al-Massaleh Real Estate Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.12%. Total Assets is also linked to Revenue through Asset Turnover. Al-Massaleh Real Estate Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Al-Massaleh Real Estate Co Total Assets Historical Data

The historical data trend for Al-Massaleh 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.

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Al-Massaleh Real Estate Co Total Assets Chart

Al-Massaleh Real Estate Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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90.55

89.98

98.45

92.06

79.20

Al-Massaleh Real Estate 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															76.72	75.94	82.05	79.20	80.10

Al-Massaleh 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-Massaleh Real Estate 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 )
	=	19.383	+	59.813
	=	79.20

Al-Massaleh Real Estate 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 )
	=	19.367	+	60.736
	=	80.10

Al-Massaleh Real Estate Co (KUW:MASSALEH) Total Assets Explanation

Total Assets is connected with ROA %.

Al-Massaleh Real Estate 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 )
	=	-0.092	/	( (79.196	+	80.103)	/ 2 )
	=	-0.092	/	79.6495
	=	-0.12 %

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.

Al-Massaleh Real Estate 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 )
=	1.196	/	( (79.196	+	80.103)	/ 2 )
=	1.196	/	79.6495
=	0.02

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-Massaleh Real Estate Co Total Assets Related Terms

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Al-Massaleh Real Estate Co Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al-Massaleh Real Estate Co (KUW:MASSALEH) » Definitions » Total Assets

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Address

Ahmed Al-Jaber Street, Universal Tower, P.O. Box 719, Safat, Sharq, Kuwait, KWT, 13008

Website

https://www.almassaleh.com

Al-Massaleh Real Estate Co is engaged in real estate projects in the public and private sectors. The business of the group is divided into two segments. The real estate operations, which is the only revenue driver, consist of trading, developing, leasing, and managing real estate and rental of investment properties, as well as investment operations in the purchase and sale of shares through portfolios managed by specialized companies and entities.

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