Teteks AD (XMAE:TETE) Total Assets : MKD1,653.18 Mil (As of Dec. 2024)

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What is Teteks AD Total Assets?

Teteks AD's Total Assets for the quarter that ended in Dec. 2024 was MKD1,653.18 Mil.

During the past 3 years, the average Total Assets Growth Rate was -0.90% per year.

During the past 13 years, Teteks AD's highest 3-Year average Total Assets Growth Rate was 2.90%. The lowest was -5.10%. And the median was -1.20%.

Total Assets is connected with ROA %. Teteks AD's annualized ROA % for the quarter that ended in Dec. 2024 was 13.98%. Total Assets is also linked to Revenue through Asset Turnover. Teteks AD's Asset Turnover for the quarter that ended in Dec. 2024 was 0.01.

Teteks AD Total Assets Historical Data

The historical data trend for Teteks AD'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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Teteks AD Total Assets Chart

Teteks AD Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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1,653.12

1,647.10

1,697.34

1,653.18

Teteks AD Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															-	-	1,595.91	-	1,653.18

Teteks AD 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.

Teteks AD's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	1601.1	+	52.081
	=	1,653.18

Teteks AD's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	1601.1	+	52.081
	=	1,653.18

Teteks AD (XMAE:TETE) Total Assets Explanation

Total Assets is connected with ROA %.

Teteks AD's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	231.196	/	( (0	+	1653.181)	/ 1 )
	=	231.196	/	1653.181
	=	13.98 %

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

Teteks AD's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	23.193	/	( (0	+	1653.181)	/ 1 )
=	23.193	/	1653.181
=	0.01

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.

Teteks AD Total Assets Related Terms

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Teteks AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Teteks AD (XMAE:TETE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

B. Miladinovi No.1, Tetovo, MKD

Website

http://www.teteks.com.mk

Teteks AD is a producer of textiles and clothing. Its business activities include activating fabrics for the production of fabrics and blankets, as well as production of ready-made garments in apparel and knitwear. Its product offerings include confection, knitwear, fabrics, blankets, yarn and wolves. TETEKS production is intended mainly for export to the United States and European countries such as Germany, Greece, Italy, Denmark, Russia, Bulgaria, among others.

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