RENK Group AG (XTER:R3NK) Total Assets : €1,481.7 Mil (As of Sep. 2024)

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What is RENK Group AG Total Assets?

RENK Group AG's Total Assets for the quarter that ended in Sep. 2024 was €1,481.7 Mil.

During the past 12 months, RENK Group AG's average Total Assets Growth Rate was 6.50% per year.

Total Assets is connected with ROA %. RENK Group AG's annualized ROA % for the quarter that ended in Sep. 2024 was -0.13%. Total Assets is also linked to Revenue through Asset Turnover. RENK Group AG's Asset Turnover for the quarter that ended in Sep. 2024 was 0.18.

RENK Group AG Total Assets Historical Data

The historical data trend for RENK Group AG'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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RENK Group AG Total Assets Chart

RENK Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

1,183.98

1,351.76

1,441.27

RENK Group AG Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial					1,495.38	-	1,495.74	1,500.23	1,481.74

RENK Group AG 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.

RENK Group AG's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	326.166	+	1115.105
	=	1,441.3

RENK Group AG'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 )
	=	388.073	+	1093.664
	=	1,481.7

RENK Group AG (XTER:R3NK) Total Assets Explanation

Total Assets is connected with ROA %.

RENK Group AG'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 )
	=	-2.004	/	( (1500.232	+	1481.737)	/ 2 )
	=	-2.004	/	1490.9845
	=	-0.13 %

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.

RENK Group AG'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 )
=	268.028	/	( (1500.232	+	1481.737)	/ 2 )
=	268.028	/	1490.9845
=	0.18

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.

RENK Group AG Total Assets Related Terms

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RENK Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RENK Group AG (XTER:R3NK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

RNKGF:USA R3NKd:UK RENK:Austria

Address

Gogginger street 73, Augsburg, BY, DEU, 86159

Website

https://www.renk.com

RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from America and the rest from Germany, Asia, Africa, other European countries, Australia and Oceania.

Executives

Dr. Alexander Sagel	Board of Directors
Susanne Wiegand	Board of Directors
Christian Schulz	Board of Directors
Claus Von Hermann	Supervisory Board
Johannes Meier	Supervisory Board
Cécile Dutheil	Supervisory Board

RENK Group AG Headlines

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