Ghitha Holding PJSC (ADX:GHITHA) Total Assets : د.إ7,158 Mil (As of Sep. 2023)

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What is Ghitha Holding PJSC Total Assets?

Ghitha Holding PJSC's Total Assets for the quarter that ended in Sep. 2023 was د.إ7,158 Mil.

During the past 12 months, Ghitha Holding PJSC's average Total Assets Growth Rate was 71.90% per year. During the past 3 years, the average Total Assets Growth Rate was 219.40% per year.

During the past 4 years, Ghitha Holding PJSC's highest 3-Year average Total Assets Growth Rate was 219.40%. The lowest was 219.40%. And the median was 219.40%.

Total Assets is connected with ROA %. Ghitha Holding PJSC's annualized ROA % for the quarter that ended in Sep. 2023 was 6.21%. Total Assets is also linked to Revenue through Asset Turnover. Ghitha Holding PJSC's Asset Turnover for the quarter that ended in Sep. 2023 was 0.18.

Ghitha Holding PJSC Total Assets Historical Data

The historical data trend for Ghitha Holding PJSC'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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Ghitha Holding PJSC Total Assets Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Total Assets

191.44

310.45

1,488.82

5,366.22

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial							4,191.53	4,179.52	5,366.22	6,905.27	7,157.90

Ghitha Holding PJSC 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.

Ghitha Holding PJSC'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 )
	=	3797.113	+	1569.103
	=	5,366

Ghitha Holding PJSC's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	4483.891	+	2674.01
	=	7,158

Ghitha Holding PJSC (ADX:GHITHA) Total Assets Explanation

Total Assets is connected with ROA %.

Ghitha Holding PJSC's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	436.568	/	( (6905.268	+	7157.901)	/ 2 )
	=	436.568	/	7031.5845
	=	6.21 %

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

Ghitha Holding PJSC's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	1244.488	/	( (6905.268	+	7157.901)	/ 2 )
=	1244.488	/	7031.5845
=	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.

Ghitha Holding PJSC Total Assets Related Terms

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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

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