Forval Telecom (TSE:9445) Total Assets : 円10,824 Mil (As of Dec. 2023)

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What is Forval Telecom Total Assets?

Forval Telecom's Total Assets for the quarter that ended in Dec. 2023 was 円10,824 Mil.

During the past 12 months, Forval Telecom's average Total Assets Growth Rate was -1.90% per year. During the past 3 years, the average Total Assets Growth Rate was -2.40% per year. During the past 5 years, the average Total Assets Growth Rate was 3.60% per year. During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.

During the past 13 years, Forval Telecom's highest 3-Year average Total Assets Growth Rate was 23.60%. The lowest was -4.60%. And the median was 1.80%.

Total Assets is connected with ROA %. Forval Telecom's annualized ROA % for the quarter that ended in Dec. 2023 was 5.08%. Total Assets is also linked to Revenue through Asset Turnover. Forval Telecom's Asset Turnover for the quarter that ended in Dec. 2023 was 0.52.

Forval Telecom Total Assets Historical Data

The historical data trend for Forval Telecom'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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Forval Telecom Total Assets Chart

Forval Telecom Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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12,501.70

11,814.93

11,755.80

11,049.07

11,051.82

Forval Telecom Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															11,340.38	11,051.82	10,407.32	11,192.46	10,823.75

Forval Telecom 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.

Forval Telecom's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	2459.773	+	8592.05
	=	11,052

Forval Telecom's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	2684.668	+	8139.084
	=	10,824

Forval Telecom (TSE:9445) Total Assets Explanation

Total Assets is connected with ROA %.

Forval Telecom's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	559.612	/	( (11192.464	+	10823.752)	/ 2 )
	=	559.612	/	11008.108
	=	5.08 %

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

Forval Telecom's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	5749.2	/	( (11192.464	+	10823.752)	/ 2 )
=	5749.2	/	11008.108
=	0.52

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.

Forval Telecom Total Assets Related Terms

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Forval Telecom (TSE:9445) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Forval Telecom Inc (TSE:9445) » Definitions » Total Assets

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Address

3-26, Kanda-Nishikicho, HitotsubashiSI Bldg. 2F, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.forvaltel.co.jp

Forval Telecom Inc provides telecommunications communication services and management consulting services in Japan. It provides discount international and domestic telephone and cellular phone services for the business and private sectors. It is also involved in the security certification acquisition consulting business.

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