Rana Gruber ASA (STU:7XH) Total Assets : €140.0 Mil (As of Sep. 2024)

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What is Rana Gruber ASA Total Assets?

Rana Gruber ASA's Total Assets for the quarter that ended in Sep. 2024 was €140.0 Mil.

During the past 12 months, Rana Gruber ASA's average Total Assets Growth Rate was 24.30% per year. During the past 3 years, the average Total Assets Growth Rate was 11.00% per year. During the past 5 years, the average Total Assets Growth Rate was 4.80% per year.

During the past 7 years, Rana Gruber ASA's highest 3-Year average Total Assets Growth Rate was 11.00%. The lowest was -9.30%. And the median was 2.80%.

Total Assets is connected with ROA %. Rana Gruber ASA's annualized ROA % for the quarter that ended in Sep. 2024 was 14.82%. Total Assets is also linked to Revenue through Asset Turnover. Rana Gruber ASA's Asset Turnover for the quarter that ended in Sep. 2024 was 0.23.

Rana Gruber ASA Total Assets Historical Data

The historical data trend for Rana Gruber ASA'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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Rana Gruber ASA Total Assets Chart

Rana Gruber ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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102.70

106.43

111.32

138.07

156.62

Rana Gruber ASA Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															135.62	156.62	151.32	141.83	139.96

Rana Gruber ASA 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.

Rana Gruber ASA'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 )
	=	78.359	+	78.261
	=	156.6

Rana Gruber ASA'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 )
	=	78.862	+	61.101
	=	140.0

Rana Gruber ASA (STU:7XH) Total Assets Explanation

Total Assets is connected with ROA %.

Rana Gruber ASA'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 )
	=	20.884	/	( (141.827	+	139.963)	/ 2 )
	=	20.884	/	140.895
	=	14.82 %

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.

Rana Gruber ASA'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 )
=	32.962	/	( (141.827	+	139.963)	/ 2 )
=	32.962	/	140.895
=	0.23

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.

Rana Gruber ASA Total Assets Related Terms

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Rana Gruber ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rana Gruber ASA (STU:7XH) » Definitions » Total Assets

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Traded in Other Exchanges

RANAo:Sweden RANA:Norway 7XH:Germany

Address

Mjolanveien 29, Mo i Rana, NOR, 8622

Website

https://www.ranagruber.no

Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.

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