Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Total Assets : R$14,747 Mil (As of Mar. 2024)

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What is Smartfit Escola DE Ginastica E Danca Total Assets?

Smartfit Escola DE Ginastica E Danca's Total Assets for the quarter that ended in Mar. 2024 was R$14,747 Mil.

Warning Sign:

If a company builds assets at 25% a year, faster than its revenue growth rate of 11.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Smartfit Escola DE Ginastica E Danca's average Total Assets Growth Rate was 28.40% per year. During the past 3 years, the average Total Assets Growth Rate was 15.80% per year. During the past 5 years, the average Total Assets Growth Rate was 25.00% per year.

During the past 8 years, Smartfit Escola DE Ginastica E Danca's highest 3-Year average Total Assets Growth Rate was 87.40%. The lowest was 14.60%. And the median was 36.00%.

Total Assets is connected with ROA %. Smartfit Escola DE Ginastica E Danca's annualized ROA % for the quarter that ended in Mar. 2024 was 2.57%. Total Assets is also linked to Revenue through Asset Turnover. Smartfit Escola DE Ginastica E Danca's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Smartfit Escola DE Ginastica E Danca Total Assets Historical Data

The historical data trend for Smartfit Escola DE Ginastica E Danca'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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Smartfit Escola DE Ginastica E Danca Total Assets Chart

Smartfit Escola DE Ginastica E Danca Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7,414.02

8,493.99

11,654.47

12,049.55

14,230.18

Smartfit Escola DE Ginastica E Danca Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															12,438.30	12,656.65	13,195.35	14,230.18	14,746.77

Smartfit Escola DE Ginastica E Danca 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.

Smartfit Escola DE Ginastica E Danca'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 )
	=	5095.634	+	9134.543
	=	14,230

Smartfit Escola DE Ginastica E Danca's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	5292.989	+	9453.783
	=	14,747

Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Total Assets Explanation

Total Assets is connected with ROA %.

Smartfit Escola DE Ginastica E Danca's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	372.9	/	( (14230.177	+	14746.772)	/ 2 )
	=	372.9	/	14488.4745
	=	2.57 %

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

Smartfit Escola DE Ginastica E Danca's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	1259.888	/	( (14230.177	+	14746.772)	/ 2 )
=	1259.888	/	14488.4745
=	0.09

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.

Smartfit Escola DE Ginastica E Danca Total Assets Related Terms

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Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Smartfit Escola DE Ginastica E Danca SA (BSP:SMFT3) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Lelio Gama 104 - 38 Floor, 2nd Floor, Rio de Janeiro, RJ, BRA, 20031080

Website

https://www.smartfit.com.br

Smartfit Escola DE Ginastica E Danca SA is a fitness club. The company provides physical conditioning services through gymnasiums, bodybuilding, dancing and swimming. Facilities offered by the company include SmartBox, free weight, gym classes, bicycles, smart bike, fitness equipment, and a running machine, among others. The Company is present in fourteen countries, namely Brazil, Mexico, Colombia, Chile, Peru, Argentina, Paraguay, Panama, Costa Rica, Dominican Republic, Ecuador, Guatemala, El Salvador, and Honduras, operating in the HVLP segment with the brand Smart Fit, in the Premium segment with the brand Bio Ritmo, and in the digital fitness segment.

Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Headlines

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