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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Total Assets : KWD234.4 Mil (As of Mar. 2024)


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What is Ali Alghanim Sons Automotive Co KSC Total Assets?

Ali Alghanim Sons Automotive Co KSC's Total Assets for the quarter that ended in Mar. 2024 was KWD234.4 Mil.

During the past 12 months, Ali Alghanim Sons Automotive Co KSC's average Total Assets Growth Rate was 25.00% per year.

Total Assets is connected with ROA %. Ali Alghanim Sons Automotive Co KSC's annualized ROA % for the quarter that ended in Mar. 2024 was 11.04%. Total Assets is also linked to Revenue through Asset Turnover. Ali Alghanim Sons Automotive Co KSC's Asset Turnover for the quarter that ended in Mar. 2024 was 0.28.


Ali Alghanim Sons Automotive Co KSC Total Assets Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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.

* Premium members only.

Ali Alghanim Sons Automotive Co KSC Total Assets Chart

Ali Alghanim Sons Automotive Co KSC Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
148.09 188.08 223.18

Ali Alghanim Sons Automotive Co KSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 194.81 207.32 222.35 223.18 234.42

Ali Alghanim Sons Automotive Co KSC 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.

Ali Alghanim Sons Automotive Co KSC'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 )
=92.429+130.754
=223.2

Ali Alghanim Sons Automotive Co KSC'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 )
=83.07+151.346
=234.4

* 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.


Ali Alghanim Sons Automotive Co KSC  (KUW:ALG) Total Assets Explanation

Total Assets is connected with ROA %.

Ali Alghanim Sons Automotive Co KSC'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 )
=25.268/( (223.182+234.416)/ 2 )
=25.268/228.799
=11.04 %

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.

Ali Alghanim Sons Automotive Co KSC'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 )
=64.227/( (223.182+234.416)/ 2 )
=64.227/228.799
=0.28

* 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.

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.

Ali Alghanim Sons Automotive Co KSC Total Assets Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Traded in Other Exchanges
N/A
Address
Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076
Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Headlines