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Rasan Information Technology Co (SAU:8313) Total Assets : ﷼662.3 Mil (As of Sep. 2024)


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What is Rasan Information Technology Co Total Assets?

Rasan Information Technology Co's Total Assets for the quarter that ended in Sep. 2024 was ﷼662.3 Mil.

Total Assets is connected with ROA %. Rasan Information Technology Co's annualized ROA % for the quarter that ended in Sep. 2024 was 24.40%. Total Assets is also linked to Revenue through Asset Turnover. Rasan Information Technology Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.18.

Rasan Information Technology Co Total Assets Historical Data

The historical data trend for Rasan Information Technology 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.

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Rasan Information Technology Co Total Assets Chart

Rasan Information Technology Co Annual Data
Trend
Total Assets

Rasan Information Technology Co Quarterly Data
Jun23 Sep23 Jun24 Sep24
Total Assets - - 539.40 662.27

Rasan Information Technology 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.

Rasan Information Technology Co's Total Assets for the fiscal year that ended in . 20 is calculated as

Total Assets=Total Equity (A: . 20 )+Total Liabilities (A: . 20 )
=N/A+N/A
=N/A

Rasan Information Technology 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 )
=371.086+291.181
=662.3

* 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.

Rasan Information Technology Co  (SAU:8313) Total Assets Explanation

Total Assets is connected with ROA %.

Rasan Information Technology 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 )
=146.588/( (539.403+662.267)/ 2 )
=146.588/600.835
=24.40 %

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.

Rasan Information Technology 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 )
=110/( (539.403+662.267)/ 2 )
=110/600.835
=0.18

* 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.

Rasan Information Technology Co Total Assets Related Terms

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Rasan Information Technology Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Rasan Information Technology Co (SAU:8313) » Definitions » Total Assets
Comparable Companies
SAU:8200 SAU:8030 SAU:8060 SAU:8250 SAU:8070 SAU:8240 SAU:8012 SAU:8300 SAU:8040 SAU:8170 MMC AON AJG WTW BRO ERIE BOM:543390 CRVL ASX:SDF BWIN
Traded in Other Exchanges
N/A
Address
No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248
Website
https://www.rasan.co
Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

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