Novotek AB (OSTO:NTEK B) Total Assets : kr424.4 Mil (As of Mar. 2024)

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What is Novotek AB Total Assets?

Novotek AB's Total Assets for the quarter that ended in Mar. 2024 was kr424.4 Mil.

Warning Sign:

If a company builds assets at 18.2% a year, faster than its revenue growth rate of 12.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Novotek AB's average Total Assets Growth Rate was 7.60% per year. During the past 3 years, the average Total Assets Growth Rate was 23.40% per year. During the past 5 years, the average Total Assets Growth Rate was 18.20% per year. During the past 10 years, the average Total Assets Growth Rate was 14.70% per year.

During the past 13 years, Novotek AB's highest 3-Year average Total Assets Growth Rate was 23.40%. The lowest was -9.10%. And the median was 6.30%.

Total Assets is connected with ROA %. Novotek AB's annualized ROA % for the quarter that ended in Mar. 2024 was 9.08%. Total Assets is also linked to Revenue through Asset Turnover. Novotek AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.31.

Novotek AB Total Assets Historical Data

The historical data trend for Novotek 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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Novotek AB Total Assets Chart

Novotek AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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239.31

278.61

318.85

414.55

438.75

Novotek 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															391.80	389.40	366.20	438.75	424.40

Novotek 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.

Novotek 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 )
	=	204.893	+	233.856
	=	438.7

Novotek 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 )
	=	222.2	+	202.2
	=	424.4

Novotek AB (OSTO:NTEK B) Total Assets Explanation

Total Assets is connected with ROA %.

Novotek 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 )
	=	39.2	/	( (438.749	+	424.4)	/ 2 )
	=	39.2	/	431.5745
	=	9.08 %

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.

Novotek 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 )
=	135.9	/	( (438.749	+	424.4)	/ 2 )
=	135.9	/	431.5745
=	0.31

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.

Novotek AB Total Assets Related Terms

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Novotek AB (OSTO:NTEK B) Business Description

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Address

Hojdrodergatan 18, Box 16014, Malmo, SWE, 212 39

Website

https://www.novotek.com

Novotek AB delivers industrial-IT and automation solutions based on standard products and components. The company products are used in Energy, Food, Drug, Petro and chemical, Metal, Manufacturing, Paper and Mass, Infrastructure, Water and Drainage, and Building Automation industries. Its solution includes process optimization, energy monitoring, industrial data provider, production planning, version management, Kepware OPC communication platform, cyber security for production and process networks and others.

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