Otis Worldwide (MEX:OTIS) Total Assets : MXN202,042 Mil (As of Sep. 2024)

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What is Otis Worldwide Total Assets?

Otis Worldwide's Total Assets for the quarter that ended in Sep. 2024 was MXN202,042 Mil.

During the past 12 months, Otis Worldwide's average Total Assets Growth Rate was 7.80% per year. During the past 3 years, the average Total Assets Growth Rate was -0.30% per year. During the past 5 years, the average Total Assets Growth Rate was 2.70% per year.

During the past 7 years, Otis Worldwide's highest 3-Year average Total Assets Growth Rate was 11.10%. The lowest was -0.30%. And the median was 1.50%.

Total Assets is connected with ROA %. Otis Worldwide's annualized ROA % for the quarter that ended in Sep. 2024 was 22.23%. Total Assets is also linked to Revenue through Asset Turnover. Otis Worldwide's Asset Turnover for the quarter that ended in Sep. 2024 was 0.37.

Otis Worldwide Total Assets Historical Data

The historical data trend for Otis Worldwide'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.

Otis Worldwide Total Assets Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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182,696.82

213,043.32

251,891.41

191,431.22

171,728.47

Otis Worldwide Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															180,982.34	171,728.47	162,493.93	180,599.58	202,042.17

Otis Worldwide 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.

Otis Worldwide'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 )
	=	-80118.451	+	251846.917
	=	171,728

Otis Worldwide's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-94119.634	+	296161.803
	=	202,042

Otis Worldwide (MEX:OTIS) Total Assets Explanation

Total Assets is connected with ROA %.

Otis Worldwide's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	42531.048	/	( (180599.576	+	202042.168)	/ 2 )
	=	42531.048	/	191320.872
	=	22.23 %

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

Otis Worldwide's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	69861.184	/	( (180599.576	+	202042.168)	/ 2 )
=	69861.184	/	191320.872
=	0.37

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.

Otis Worldwide Total Assets Related Terms

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Otis Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (MEX:OTIS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

OTIS:USA 4PG:Germany O1TI34:Brazil OTIS:Austria

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.