adidas AG (adidas AG) Total Assets : $19,651 Mil (As of Dec. 2023)

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What is adidas AG Total Assets?

adidas AG's Total Assets for the quarter that ended in Dec. 2023 was $19,651 Mil.

During the past 12 months, adidas AG's average Total Assets Growth Rate was -14.50% per year. During the past 3 years, the average Total Assets Growth Rate was -2.10% per year. During the past 5 years, the average Total Assets Growth Rate was 3.40% per year. During the past 10 years, the average Total Assets Growth Rate was 6.30% per year.

During the past 13 years, adidas AG's highest 3-Year average Total Assets Growth Rate was 28.60%. The lowest was -2.10%. And the median was 4.50%.

Total Assets is connected with ROA %. adidas AG's annualized ROA % for the quarter that ended in Dec. 2023 was -8.34%. Total Assets is also linked to Revenue through Asset Turnover. adidas AG's Asset Turnover for the quarter that ended in Dec. 2023 was 0.26.

adidas AG Total Assets Historical Data

The historical data trend for adidas 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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adidas AG Total Assets Chart

adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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22,977.78

25,611.92

25,013.56

21,500.00

19,651.04

adidas AG 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															21,500.00	21,067.45	20,951.25	19,978.66	19,651.04

adidas 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.

adidas AG'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 )
	=	5370.774	+	14280.262
	=	19,651

adidas AG'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 )
	=	5370.774	+	14280.262
	=	19,651

adidas AG (OTCPK:ADDDF) Total Assets Explanation

Total Assets is connected with ROA %.

adidas AG'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 )
	=	-1653.216	/	( (19978.655	+	19651.036)	/ 2 )
	=	-1653.216	/	19814.8455
	=	-8.34 %

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.

adidas AG'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 )
=	5246.456	/	( (19978.655	+	19651.036)	/ 2 )
=	5246.456	/	19814.8455
=	0.26

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.

adidas AG Total Assets Related Terms

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adidas AG (adidas AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (OTCPK:ADDDF) » Definitions » Total Assets

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Traded in Other Exchanges

ADDYY:USA ADS:Romania ADS:Poland ADS:Mexico ADS:Italy ADIDAS:Hungary ADSd:UK 0OLD:UK ADS:Germany ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.