PAO Sovcomflot (MIC:FLOT) Total Assets : ₽551,592 Mil (As of Jun. 2023)

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What is PAO Sovcomflot Total Assets?

PAO Sovcomflot's Total Assets for the quarter that ended in Jun. 2023 was ₽551,592 Mil.

During the past 12 months, PAO Sovcomflot's average Total Assets Growth Rate was -11.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1.30% per year. During the past 5 years, the average Total Assets Growth Rate was 4.80% per year.

During the past 9 years, PAO Sovcomflot's highest 3-Year average Total Assets Growth Rate was 26.40%. The lowest was 0.90%. And the median was 3.55%.

Total Assets is connected with ROA %. PAO Sovcomflot's annualized ROA % for the quarter that ended in Jun. 2023 was 12.09%. Total Assets is also linked to Revenue through Asset Turnover. PAO Sovcomflot's Asset Turnover for the quarter that ended in Jun. 2023 was 0.09.

PAO Sovcomflot Total Assets Historical Data

The historical data trend for PAO Sovcomflot'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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PAO Sovcomflot Total Assets Chart

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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422,952.61

496,537.53

454,616.27

577,030.35

541,488.17

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
Total Assets	Get a 7-Day Free Trial															587,825.24	564,612.14	542,531.74	541,488.17	551,592.01

PAO Sovcomflot 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.

PAO Sovcomflot's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	293225.684	+	248262.485
	=	541,488

PAO Sovcomflot's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	384027.9	+	167564.112
	=	551,592

PAO Sovcomflot (MIC:FLOT) Total Assets Explanation

Total Assets is connected with ROA %.

PAO Sovcomflot's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	66099.46	/	( (541488.169	+	551592.012)	/ 2 )
	=	66099.46	/	546540.0905
	=	12.09 %

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

PAO Sovcomflot's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	47733.34	/	( (541488.169	+	551592.012)	/ 2 )
=	47733.34	/	546540.0905
=	0.09

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.

PAO Sovcomflot Total Assets Related Terms

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PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.