Piovan SpA (MIL:PVN) Total Assets : €504.7 Mil (As of Dec. 2023)

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What is Piovan SpA Total Assets?

Piovan SpA's Total Assets for the quarter that ended in Dec. 2023 was €504.7 Mil.

Warning Sign:

If a company builds assets at 27.6% a year, faster than its revenue growth rate of 21.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Piovan SpA's average Total Assets Growth Rate was -3.90% per year. During the past 3 years, the average Total Assets Growth Rate was 31.70% per year. During the past 5 years, the average Total Assets Growth Rate was 27.60% per year.

During the past 10 years, Piovan SpA's highest 3-Year average Total Assets Growth Rate was 38.60%. The lowest was 8.00%. And the median was 13.80%.

Total Assets is connected with ROA %. Piovan SpA's annualized ROA % for the quarter that ended in Dec. 2023 was 12.86%. Total Assets is also linked to Revenue through Asset Turnover. Piovan SpA's Asset Turnover for the quarter that ended in Dec. 2023 was 0.29.

Piovan SpA Total Assets Historical Data

The historical data trend for Piovan SpA'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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Piovan SpA Total Assets Chart

Piovan SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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223.80

270.06

320.34

523.01

504.75

Piovan SpA 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															508.70	493.82	505.59	504.75	-

Piovan SpA 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.

Piovan SpA'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 )
	=	171.337	+	333.408
	=	504.7

Piovan SpA'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 )
	=	171.337	+	333.408
	=	504.7

Piovan SpA (MIL:PVN) Total Assets Explanation

Total Assets is connected with ROA %.

Piovan SpA's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	64.98	/	( (505.586	+	504.745)	/ 2 )
	=	64.98	/	505.1655
	=	12.86 %

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

Piovan SpA's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	144.219	/	( (505.586	+	504.745)	/ 2 )
=	144.219	/	505.1655
=	0.29

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.

Piovan SpA Total Assets Related Terms

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Piovan SpA (MIL:PVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Piovan SpA (MIL:PVN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PIOVF:USA

Address

Via delle Industrie, 16, Santa Maria di Sala, Venice, ITA, 30036

Website

https://www.piovan.com

Piovan SpA is an Italy based company engaged in supplying ancillary equipment, engineered solutions, and services to the plastics industry. The company provides various products for feeding and conveying, drying and dehumidifying, granulation, temperature control, and process water cooling. It also offers services including installation and start-up of the system and related spare parts.

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