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Riyadh Cables Group Co (SAU:4142) Total Assets : ﷼6,212 Mil (As of Sep. 2024)


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What is Riyadh Cables Group Co Total Assets?

Riyadh Cables Group Co's Total Assets for the quarter that ended in Sep. 2024 was ﷼6,212 Mil.

During the past 12 months, Riyadh Cables Group Co's average Total Assets Growth Rate was 17.20% per year. During the past 3 years, the average Total Assets Growth Rate was 13.10% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year.

During the past 6 years, Riyadh Cables Group Co's highest 3-Year average Total Assets Growth Rate was 13.10%. The lowest was 6.90%. And the median was 9.40%.

Total Assets is connected with ROA %. Riyadh Cables Group Co's annualized ROA % for the quarter that ended in Sep. 2024 was 15.77%. Total Assets is also linked to Revenue through Asset Turnover. Riyadh Cables Group Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.41.


Riyadh Cables Group Co Total Assets Historical Data

The historical data trend for Riyadh Cables Group Co'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.

Riyadh Cables Group Co Total Assets Chart

Riyadh Cables Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 3,503.40 3,302.13 3,952.67 4,623.88 4,830.93

Riyadh Cables Group Co Quarterly Data
Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,135.08 4,830.93 5,313.36 5,695.39 6,212.08

Riyadh Cables Group Co 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.

Riyadh Cables Group Co'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 )
=2246.198+2584.731
=4,831

Riyadh Cables Group Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=2643.626+3568.454
=6,212

* 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.


Riyadh Cables Group Co  (SAU:4142) Total Assets Explanation

Total Assets is connected with ROA %.

Riyadh Cables Group Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=938.82/( (5695.388+6212.08)/ 2 )
=938.82/5953.734
=15.77 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Riyadh Cables Group Co's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=2433.149/( (5695.388+6212.08)/ 2 )
=2433.149/5953.734
=0.41

* 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.

Riyadh Cables Group Co Total Assets Related Terms

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Riyadh Cables Group Co Business Description

Traded in Other Exchanges
N/A
Address
Al Kharj Road Street No. 175, 3rd Lane Zone, D, 2nd industrial City, P.O.Box 26862, Riyadh, SAU, 11496
Riyadh Cables Group Co manufactures and supplies all types of wire and cables at its state-of-art facilities. The company's products include Wires, Low Voltage Cables (LV), Medium Voltage Cables (MV), High & Extra High Voltage Cables (HV/EHV), Overhead Lines Conductors Cables (OHL), Instrumentation & Control Cables, Renewable Energy Cables, and Fiber Optic & Telephone Cables. The company operates in three segments, Cable & Wires segment includes Electrical cables, the HV Project segment includes Turnkey projects, and the Other segments include Telephone cables & services. The majority of revenue is generated from Cable & Wires segment.

Riyadh Cables Group Co Headlines

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