BMIT Technologies (MAL:BMIT) Total Assets : €80.65 Mil (As of Dec. 2023)

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What is BMIT Technologies Total Assets?

BMIT Technologies's Total Assets for the quarter that ended in Dec. 2023 was €80.65 Mil.

Warning Sign:

If a company builds assets at 29.5% a year, faster than its revenue growth rate of 5.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, BMIT Technologies's average Total Assets Growth Rate was 299.70% per year. During the past 3 years, the average Total Assets Growth Rate was 52.50% per year. During the past 5 years, the average Total Assets Growth Rate was 29.50% per year.

During the past 6 years, BMIT Technologies's highest 3-Year average Total Assets Growth Rate was 52.50%. The lowest was 2.70%. And the median was 15.10%.

Total Assets is connected with ROA %. BMIT Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was 8.04%. Total Assets is also linked to Revenue through Asset Turnover. BMIT Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.

BMIT Technologies Total Assets Historical Data

The historical data trend for BMIT Technologies'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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BMIT Technologies Total Assets Chart

BMIT Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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23.11

25.60

25.51

25.49

80.65

BMIT Technologies Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							25.51	23.89	25.49	23.01	80.65

BMIT Technologies 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.

BMIT Technologies'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 )
	=	10.778	+	69.873
	=	80.65

BMIT Technologies'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 )
	=	10.778	+	69.873
	=	80.65

BMIT Technologies (MAL:BMIT) Total Assets Explanation

Total Assets is connected with ROA %.

BMIT Technologies'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 )
	=	4.168	/	( (23.009	+	80.651)	/ 2 )
	=	4.168	/	51.83
	=	8.04 %

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.

BMIT Technologies'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 )
=	13.829	/	( (23.009	+	80.651)	/ 2 )
=	13.829	/	51.83
=	0.27

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.

BMIT Technologies Total Assets Related Terms

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BMIT Technologies (MAL:BMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BMIT Technologies PLC (MAL:BMIT) » Definitions » Total Assets

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Address

Building SCM 02, Level 2, SmartCity Ricasoli, SCM, Kalkara, MLT, 1001

Website

https://www.bmit.com.mt

BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and Infrastructure and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The Group's revenues are derived predominantly from operations carried out in Malta. However, it also derives revenue from companies operating out of Malta.

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