Smurfit Kappa Group's Total Assets for the quarter that ended in Dec. 2023 was $13,771 Mil.
Warning Sign:
If a company builds assets at 5.8% a year, faster than its revenue growth rate of 4.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Smurfit Kappa Group's average Total Assets Growth Rate was 0.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 7.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 4.40% per year.
During the past 13 years, Smurfit Kappa Group's highest 3-Year average Total Assets Growth Rate was 7.70%. The lowest was -4.00%. And the median was 2.60%.
The historical data trend for Smurfit Kappa Group'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.
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.
Smurfit Kappa Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Smurfit Kappa Group (OTCPK:SMFKY) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Dec. 2023) 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.
Smurfit Kappa Group's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Smurfit Kappa Group Total Assets Related Terms
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Smurfit Kappa Group (Smurfit Kappa Group) Business Description
Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company's plants, where it is converted into corrugated packaging products. The packaging products include solid board, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of the revenue. The Americas segment owns forestland in Latin America, where Smurfit Kappa harvests timber for its mills.
Smurfit Kappa Group (Smurfit Kappa Group) Headlines
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