Somero Enterprises (LSE:SOM) Total Assets : £77.86 Mil (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Somero Enterprises Total Assets?

Somero Enterprises's Total Assets for the quarter that ended in Dec. 2023 was £77.86 Mil.

Warning Sign:

If a company builds assets at 12.1% a year, faster than its revenue growth rate of 9.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Somero Enterprises's average Total Assets Growth Rate was -3.90% per year. During the past 3 years, the average Total Assets Growth Rate was 16.80% per year. During the past 5 years, the average Total Assets Growth Rate was 12.10% per year. During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.

During the past 13 years, Somero Enterprises's highest 3-Year average Total Assets Growth Rate was 22.50%. The lowest was -19.10%. And the median was 7.70%.

Total Assets is connected with ROA %. Somero Enterprises's annualized ROA % for the quarter that ended in Dec. 2023 was 32.82%. Total Assets is also linked to Revenue through Asset Turnover. Somero Enterprises's Asset Turnover for the quarter that ended in Dec. 2023 was 0.65.

Somero Enterprises Total Assets Historical Data

The historical data trend for Somero Enterprises'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.

Somero Enterprises Total Assets Chart

Somero Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

54.58

58.66

73.21

81.27

77.86

Somero Enterprises Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															73.21	73.08	81.27	72.14	77.86

Somero Enterprises 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.

Somero Enterprises'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 )
	=	65.756	+	12.099
	=	77.86

Somero Enterprises's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	65.756	+	12.099
	=	77.86

Somero Enterprises (LSE:SOM) Total Assets Explanation

Total Assets is connected with ROA %.

Somero Enterprises's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	24.612	/	( (72.138	+	77.855)	/ 2 )
	=	24.612	/	74.9965
	=	32.82 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) 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.

Somero Enterprises's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	48.861	/	( (72.138	+	77.855)	/ 2 )
=	48.861	/	74.9965
=	0.65

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.

Somero Enterprises Total Assets Related Terms

Thank you for viewing the detailed overview of Somero Enterprises's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Somero Enterprises (LSE:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Somero Enterprises Inc (LSE:SOM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

14530 Global Parkway, Fort Myers, FL, USA, 33913

Website

https://www.somero.com

Somero Enterprises Inc provides concrete placing solutions. The company provides concrete-leveling equipment, training, education, & support to its customers. Its products include CopperHead, Mini Screed C, S-840, S-15R, S-22E, S-485, S-940, S-10A, & the S-158 Laser Screed machines; STS-11M Topping Spreader; as well as the 3-D Profiler System software, the Somero Floor Levelness System, & the SP-16 Concrete Hose Line-Pulling & Placing System. Its revenues are derived from sales of Boomed screed products, Ride-on screed products, Remanufactured machines sales, 3-D Profiler System, & sales of parts & accessories, other equipment, service, training, & shipping charges. Geographically, it operates in North America, EMEA & ROW (Australia, Latin America, India, China, Korea, & Southeast Asia).

Somero Enterprises (LSE:SOM) Headlines

No Headlines