Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Total Assets : $2,841 Mil (As of Mar. 2024)

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What is Compania deneamento de Minas Gerais - COPASA MG Total Assets?

Compania deneamento de Minas Gerais - COPASA MG's Total Assets for the quarter that ended in Mar. 2024 was $2,841 Mil.

During the past 12 months, Compania deneamento de Minas Gerais - COPASA MG's average Total Assets Growth Rate was 7.10% per year. During the past 3 years, the average Total Assets Growth Rate was 6.40% per year. During the past 5 years, the average Total Assets Growth Rate was 4.00% per year. During the past 10 years, the average Total Assets Growth Rate was 2.90% per year.

During the past 13 years, Compania deneamento de Minas Gerais - COPASA MG's highest 3-Year average Total Assets Growth Rate was 17.00%. The lowest was 1.20%. And the median was 6.55%.

Total Assets is connected with ROA %. Compania deneamento de Minas Gerais - COPASA MG's annualized ROA % for the quarter that ended in Mar. 2024 was 9.84%. Total Assets is also linked to Revenue through Asset Turnover. Compania deneamento de Minas Gerais - COPASA MG's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Compania deneamento de Minas Gerais - COPASA MG Total Assets Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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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Compania deneamento de Minas Gerais - COPASA MG Total Assets Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,808.82

2,288.27

2,249.67

2,514.51

2,896.01

Compania deneamento de Minas Gerais - COPASA MG 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															2,601.93	2,783.40	2,838.05	2,896.01	2,840.54

Compania deneamento de Minas Gerais - COPASA MG 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.

Compania deneamento de Minas Gerais - COPASA MG'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 )
	=	1545.742	+	1350.267
	=	2,896

Compania deneamento de Minas Gerais - COPASA MG'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 )
	=	1556.879	+	1283.664
	=	2,841

Compania deneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) Total Assets Explanation

Total Assets is connected with ROA %.

Compania deneamento de Minas Gerais - COPASA MG'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 )
	=	282.38	/	( (2896.009	+	2840.544)	/ 2 )
	=	282.38	/	2868.2765
	=	9.84 %

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.

Compania deneamento de Minas Gerais - COPASA MG'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 )
=	373.976	/	( (2896.009	+	2840.544)	/ 2 )
=	373.976	/	2868.2765
=	0.13

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.

Compania deneamento de Minas Gerais - COPASA MG Total Assets Related Terms

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Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CSMG3:Brazil

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Headlines

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