Firefly AB (OSTO:FIRE) Total Assets : kr307.7 Mil (As of Mar. 2024)

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What is Firefly AB Total Assets?

Firefly AB's Total Assets for the quarter that ended in Mar. 2024 was kr307.7 Mil.

Warning Sign:

If a company builds assets at 20% a year, faster than its revenue growth rate of 15% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Firefly AB's average Total Assets Growth Rate was 26.50% per year. During the past 3 years, the average Total Assets Growth Rate was 26.10% per year. During the past 5 years, the average Total Assets Growth Rate was 20.00% per year. During the past 10 years, the average Total Assets Growth Rate was 12.00% per year.

During the past 13 years, Firefly AB's highest 3-Year average Total Assets Growth Rate was 28.50%. The lowest was -1.90%. And the median was 10.80%.

Total Assets is connected with ROA %. Firefly AB's annualized ROA % for the quarter that ended in Mar. 2024 was 17.66%. Total Assets is also linked to Revenue through Asset Turnover. Firefly AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.40.

Firefly AB Total Assets Historical Data

The historical data trend for Firefly 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.

* Premium members only.

Firefly AB Total Assets Chart

Firefly AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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132.63

158.29

192.80

234.82

288.45

Firefly AB 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															247.22	242.04	274.26	288.45	307.74

Firefly 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.

Firefly 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 )
	=	147.767	+	140.685
	=	288.5

Firefly AB's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	162.165	+	145.57
	=	307.7

Firefly AB (OSTO:FIRE) Total Assets Explanation

Total Assets is connected with ROA %.

Firefly AB's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	52.632	/	( (288.452	+	307.735)	/ 2 )
	=	52.632	/	298.0935
	=	17.66 %

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.

Firefly AB's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	119.058	/	( (288.452	+	307.735)	/ 2 )
=	119.058	/	298.0935
=	0.40

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.

Firefly AB Total Assets Related Terms

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Firefly AB (OSTO:FIRE) Business Description

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Address

Heliosgatan 3, Stockholm, SWE, 120 30

Website

http://www.firefly.se

Firefly AB is a supplier of spark detection, fire and dust explosion protection systems in Sweden. The company develops, manufactures and sells high-tech systems, which detect and minimise the risk of fires and dust explosions. It has two business areas: Industrial applications and Infra systems. Industrial applications include customized fire prevention systems, which monitor industrial processes in areas such as tissue, food, woodworking, bioenergy, and recycling. The business area of Infra systems includes early fire detection in subway-, train-, road or cable tunnel systems by means of multiple-gas detection.

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