Convergenze SpA (MIL:CVG) Total Assets : €19.85 Mil (As of Dec. 2023)

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What is Convergenze SpA Total Assets?

Convergenze SpA's Total Assets for the quarter that ended in Dec. 2023 was €19.85 Mil.

Warning Sign:

If a company builds assets at 25.7% a year, faster than its revenue growth rate of 12.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Convergenze SpA's average Total Assets Growth Rate was 7.70% per year. During the past 3 years, the average Total Assets Growth Rate was 14.70% per year. During the past 5 years, the average Total Assets Growth Rate was 25.70% per year.

During the past 6 years, Convergenze SpA's highest 3-Year average Total Assets Growth Rate was 33.90%. The lowest was 14.70%. And the median was 31.10%.

Total Assets is connected with ROA %. Convergenze SpA's annualized ROA % for the quarter that ended in Dec. 2023 was 4.79%. Total Assets is also linked to Revenue through Asset Turnover. Convergenze SpA's Asset Turnover for the quarter that ended in Dec. 2023 was 0.64.

Convergenze SpA Total Assets Historical Data

The historical data trend for Convergenze SpA'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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Convergenze SpA Total Assets Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8.16

13.33

18.97

19.02

19.85

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial						18.97	17.97	19.02	18.97	19.85

Convergenze SpA 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.

Convergenze SpA'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 )
	=	5.657	+	14.197
	=	19.85

Convergenze SpA'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 )
	=	5.657	+	14.197
	=	19.85

Convergenze SpA (MIL:CVG) Total Assets Explanation

Total Assets is connected with ROA %.

Convergenze SpA's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.93	/	( (18.973	+	19.853)	/ 2 )
	=	0.93	/	19.413
	=	4.79 %

Note: The Net Income data used here is two times the semi-annual (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.

Convergenze SpA's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	12.443	/	( (18.973	+	19.853)	/ 2 )
=	12.443	/	19.413
=	0.64

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.

Convergenze SpA Total Assets Related Terms

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Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.