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Riyadh Steel Co (SAU:9588) Total Assets : ﷼123.2 Mil (As of Jun. 2024)


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What is Riyadh Steel Co Total Assets?

Riyadh Steel Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼123.2 Mil.

During the past 12 months, Riyadh Steel Co's average Total Assets Growth Rate was 23.80% per year.

Total Assets is connected with ROA %. Riyadh Steel Co's annualized ROA % for the quarter that ended in Jun. 2024 was 4.07%. Total Assets is also linked to Revenue through Asset Turnover. Riyadh Steel Co's Asset Turnover for the quarter that ended in Jun. 2024 was 0.57.

Riyadh Steel Co Total Assets Historical Data

The historical data trend for Riyadh Steel 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 Steel Co Total Assets Chart

Riyadh Steel Co Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
91.94 85.33 125.65

Riyadh Steel Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 94.38 85.33 113.68 125.65 123.21

Riyadh Steel 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 Steel 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 )
=74.933+50.718
=125.7

Riyadh Steel Co's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=77.467+45.74
=123.2

* 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 Steel Co  (SAU:9588) Total Assets Explanation

Total Assets is connected with ROA %.

Riyadh Steel Co's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=5.068/( (125.651+123.207)/ 2 )
=5.068/124.429
=4.07 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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 Steel Co's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=70.654/( (125.651+123.207)/ 2 )
=70.654/124.429
=0.57

* 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 Steel Co Total Assets Related Terms

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Riyadh Steel Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Riyadh Steel Co (SAU:9588) » Definitions » Total Assets
Comparable Companies
SAU:9553 SAU:9563 SAU:9513 SAU:2220 NUE BOM:500228 TSE:5401 XAMS:MT SHSE:600019 NSE:TATASTEEL STLD RS XKRX:005490 MIC:CHMF SHSE:600010 TPE:2002 BOM:532286 X SZSE:000708 TSE:5411
Traded in Other Exchanges
N/A
Address
Imam Abdullah bin Saud bin Abdulaziz Road, Al-Shuhada District, Office No. 35, Building No. 4578, Riyadh, SAU, 13241
Website
https://www.riyadhsteel.com.sa
Riyadh Steel Co is a steel manufacturing company working in all stages of production of scrap, flat bars, and angle bars . It provides products such as Steel Scrap, Billets, and ASTM A36 standard Flat and Angle bars.

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