Rentunder Holding AB (NGM:RENT) Total Assets : kr8.42 Mil (As of Dec. 2023)

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What is Rentunder Holding AB Total Assets?

Rentunder Holding AB's Total Assets for the quarter that ended in Dec. 2023 was kr8.42 Mil.

During the past 12 months, Rentunder Holding AB's average Total Assets Growth Rate was 19.80% per year. During the past 3 years, the average Total Assets Growth Rate was -1.70% per year. During the past 5 years, the average Total Assets Growth Rate was -7.00% per year.

During the past 8 years, Rentunder Holding AB's highest 3-Year average Total Assets Growth Rate was 44.60%. The lowest was -15.20%. And the median was -4.20%.

Total Assets is connected with ROA %. Rentunder Holding AB's annualized ROA % for the quarter that ended in Dec. 2023 was 66.51%. Total Assets is also linked to Revenue through Asset Turnover. Rentunder Holding AB's Asset Turnover for the quarter that ended in Dec. 2023 was 1.09.

Rentunder Holding AB Total Assets Historical Data

The historical data trend for Rentunder Holding AB'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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Rentunder Holding AB Total Assets Chart

Rentunder Holding AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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10.70

10.66

8.84

7.37

8.42

Rentunder Holding AB Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial											8.84	6.41	7.37	4.91	8.42

Rentunder Holding AB 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.

Rentunder Holding AB'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 )
	=	1.939	+	6.482
	=	8.42

Rentunder Holding AB'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 )
	=	1.939	+	6.482
	=	8.42

Rentunder Holding AB (NGM:RENT) Total Assets Explanation

Total Assets is connected with ROA %.

Rentunder Holding AB'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 )
	=	4.434	/	( (4.913	+	8.421)	/ 2 )
	=	4.434	/	6.667
	=	66.51 %

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.

Rentunder Holding AB'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 )
=	7.29	/	( (4.913	+	8.421)	/ 2 )
=	7.29	/	6.667
=	1.09

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.

Rentunder Holding AB Total Assets Related Terms

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Rentunder Holding AB (NGM:RENT) Business Description

Industry

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Address

Gammelbygatan 18, Osthammar, SWE, 742 34

Website

http://www.driveinboatwash.com

Rentunder Holding AB manufactures and sells mobile boat bottom washers. It offers stationary boat washers for motor and sailing boats up to 12, 14 and 16 meters in length and a mobile boat bottom wash for motor boats up to 8 meters.