Rocket Sharing Co SpA (MIL:RKT) Total Assets : €5.99 Mil (As of Dec. 2023)

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What is Rocket Sharing Co SpA Total Assets?

Rocket Sharing Co SpA's Total Assets for the quarter that ended in Dec. 2023 was €5.99 Mil.

During the past 12 months, Rocket Sharing Co SpA's average Total Assets Growth Rate was 35.90% per year. During the past 3 years, the average Total Assets Growth Rate was 81.80% per year.

During the past 4 years, Rocket Sharing Co SpA's highest 3-Year average Total Assets Growth Rate was 81.80%. The lowest was 81.80%. And the median was 81.80%.

Total Assets is connected with ROA %. Rocket Sharing Co SpA's annualized ROA % for the quarter that ended in Dec. 2023 was -20.72%. Total Assets is also linked to Revenue through Asset Turnover. Rocket Sharing Co SpA's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Rocket Sharing Co SpA Total Assets Historical Data

The historical data trend for Rocket Sharing Co 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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Rocket Sharing Co SpA Total Assets Chart

Rocket Sharing Co SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.97

1.65

5.81

5.99

Rocket Sharing Co SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			1.65	4.47	5.81	6.33	5.99

Rocket Sharing Co 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.

Rocket Sharing Co 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 )
	=	1.858	+	4.127
	=	5.99

Rocket Sharing Co 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 )
	=	1.858	+	4.127
	=	5.99

Rocket Sharing Co SpA (MIL:RKT) Total Assets Explanation

Total Assets is connected with ROA %.

Rocket Sharing Co SpA'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 )
	=	-1.276	/	( (6.333	+	5.985)	/ 2 )
	=	-1.276	/	6.159
	=	-20.72 %

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.

Rocket Sharing Co SpA'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 )
=	1.731	/	( (6.333	+	5.985)	/ 2 )
=	1.731	/	6.159
=	0.28

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.

Rocket Sharing Co SpA Total Assets Related Terms

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Rocket Sharing Co SpA (MIL:RKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rocket Sharing Co SpA (MIL:RKT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Galleria San Babila 4/a, Milan, ITA

Website

https://www.rocketsharing.it

Rocket Sharing Co SpA has developed a technology-based marketplace blockchain. Through its platform, consumers are encouraged to purchase products and services which provides a cashback incentive mechanism, that allows users to accumulate vouchers to be used as a discount on subsequent purchases.