Elastic NV (STU:3E1) Total Assets : €2,049 Mil (As of Oct. 2024)

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What is Elastic NV Total Assets?

Elastic NV's Total Assets for the quarter that ended in Oct. 2024 was €2,049 Mil.

Warning Sign:

If a company builds assets at 36.5% a year, faster than its revenue growth rate of 22% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Elastic NV's average Total Assets Growth Rate was 30.60% per year. During the past 3 years, the average Total Assets Growth Rate was 26.50% per year. During the past 5 years, the average Total Assets Growth Rate was 36.50% per year.

During the past 8 years, Elastic NV's highest 3-Year average Total Assets Growth Rate was 93.70%. The lowest was 17.80%. And the median was 60.90%.

Total Assets is connected with ROA %. Elastic NV's annualized ROA % for the quarter that ended in Oct. 2024 was -4.64%. Total Assets is also linked to Revenue through Asset Turnover. Elastic NV's Asset Turnover for the quarter that ended in Oct. 2024 was 0.17.

Elastic NV Total Assets Historical Data

The historical data trend for Elastic NV'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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Elastic NV Total Assets Chart

Elastic NV Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Total Assets

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739.60

813.57

1,521.35

1,590.06

2,090.07

Elastic NV Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial															1,664.68	1,890.09	2,090.07	1,982.74	2,048.52

Elastic NV 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.

Elastic NV's Total Assets for the fiscal year that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (A: Apr. 2024 )	+	Total Liabilities (A: Apr. 2024 )
	=	687.988	+	1402.083
	=	2,090

Elastic NV's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	744.974	+	1303.543
	=	2,049

Elastic NV (STU:3E1) Total Assets Explanation

Total Assets is connected with ROA %.

Elastic NV's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-93.452	/	( (1982.736	+	2048.517)	/ 2 )
	=	-93.452	/	2015.6265
	=	-4.64 %

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

Elastic NV's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	335.401	/	( (1982.736	+	2048.517)	/ 2 )
=	335.401	/	2015.6265
=	0.17

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.

Elastic NV Total Assets Related Terms

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Elastic NV Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ESTC:USA 3E1:Germany E2ST34:Brazil

Address

Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website

https://www.elastic.co

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

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