Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Total Assets : $11,225 Mil (As of Dec. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig Total Assets?

Cia Energetica DE Minas Gerais - Cemig's Total Assets for the quarter that ended in Dec. 2023 was $11,225 Mil.

During the past 12 months, Cia Energetica DE Minas Gerais - Cemig's average Total Assets Growth Rate was 4.90% 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 -1.40% per year. During the past 10 years, the average Total Assets Growth Rate was 6.10% per year.

During the past 13 years, Cia Energetica DE Minas Gerais - Cemig's highest 3-Year average Total Assets Growth Rate was 16.50%. The lowest was -6.00%. And the median was 7.20%.

Total Assets is connected with ROA %. Cia Energetica DE Minas Gerais - Cemig's annualized ROA % for the quarter that ended in Dec. 2023 was 13.63%. Total Assets is also linked to Revenue through Asset Turnover. Cia Energetica DE Minas Gerais - Cemig's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.

Cia Energetica DE Minas Gerais - Cemig Total Assets Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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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Cia Energetica DE Minas Gerais - Cemig Total Assets Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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12,309.90

10,512.37

9,203.70

10,232.01

11,224.95

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Dec18	Mar19	Jun19	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															10,232.01	10,383.79	11,237.42	11,372.22	11,224.95

Cia Energetica DE Minas Gerais - Cemig 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.

Cia Energetica DE Minas Gerais - Cemig'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 )
	=	5031.838	+	6193.11
	=	11,225

Cia Energetica DE Minas Gerais - Cemig'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 )
	=	5031.838	+	6193.11
	=	11,225

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) Total Assets Explanation

Total Assets is connected with ROA %.

Cia Energetica DE Minas Gerais - Cemig'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 )
	=	1539.604	/	( (11372.223	+	11224.948)	/ 2 )
	=	1539.604	/	11298.5855
	=	13.63 %

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.

Cia Energetica DE Minas Gerais - Cemig'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 )
=	2032.06	/	( (11372.223	+	11224.948)	/ 2 )
=	2032.06	/	11298.5855
=	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.

Cia Energetica DE Minas Gerais - Cemig Total Assets Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.