Elkem ASA's Total Assets for the quarter that ended in Mar. 2024 was kr50,957 Mil.
Warning Sign:
If a company builds assets at 15.3% a year, faster than its revenue growth rate of 9.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Elkem ASA's average Total Assets Growth Rate was -1.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.30% per year.
During the past 10 years, Elkem ASA's highest 3-Year average Total Assets Growth Rate was 22.20%. The lowest was 5.30%. And the median was 17.20%.
Total Assets is connected with ROA %. Elkem ASA's annualizedROA % for the quarter that ended in Mar. 2024 was -3.46%. Total Assets is also linked to Revenue through Asset Turnover. Elkem ASA's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.
Elkem ASA Total Assets Historical Data
The historical data trend for Elkem ASA'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.
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.
Elkem ASA's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Elkem ASA's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Elkem ASA Total Assets Related Terms
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Elkem ASA offers advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care as well as smarter and more sustainable cities. Elkem has three reportable segments namely Silicones, Silicon Products, and Carbon Solutions. It generates most of the revenue from the Silicones segment.
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