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Norrhydro Group Oyj (OHEL:NORRH) Total Assets : €24.24 Mil (As of Jun. 2024)


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What is Norrhydro Group Oyj Total Assets?

Norrhydro Group Oyj's Total Assets for the quarter that ended in Jun. 2024 was €24.24 Mil.

During the past 12 months, Norrhydro Group Oyj's average Total Assets Growth Rate was -9.90% per year. During the past 3 years, the average Total Assets Growth Rate was 18.80% per year.

During the past 5 years, Norrhydro Group Oyj's highest 3-Year average Total Assets Growth Rate was 19.20%. The lowest was 18.80%. And the median was 19.00%.

Total Assets is connected with ROA %. Norrhydro Group Oyj's annualized ROA % for the quarter that ended in Jun. 2024 was -3.57%. Total Assets is also linked to Revenue through Asset Turnover. Norrhydro Group Oyj's Asset Turnover for the quarter that ended in Jun. 2024 was 0.53.

Norrhydro Group Oyj Total Assets Historical Data

The historical data trend for Norrhydro Group Oyj'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.

Norrhydro Group Oyj Total Assets Chart

Norrhydro Group Oyj Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
15.32 16.72 22.74 27.93 25.37

Norrhydro Group Oyj Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.99 27.93 26.51 25.37 24.24

Norrhydro Group Oyj 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.

Norrhydro Group Oyj'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 )
=8.872+16.493
=25.37

Norrhydro Group Oyj's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=8.815+15.423
=24.24

* 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.

Norrhydro Group Oyj  (OHEL:NORRH) Total Assets Explanation

Total Assets is connected with ROA %.

Norrhydro Group Oyj's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-0.886/( (25.365+24.238)/ 2 )
=-0.886/24.8015
=-3.57 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Norrhydro Group Oyj's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=13.11/( (25.365+24.238)/ 2 )
=13.11/24.8015
=0.53

* 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.

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.

Norrhydro Group Oyj Total Assets Related Terms

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Norrhydro Group Oyj Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100
Website
https://www.norrhydro.com
Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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