Vitec Software Group AB's Total Assets for the quarter that ended in Mar. 2024 was kr8,458 Mil.
Warning Sign:
If a company builds assets at 41.9% a year, faster than its revenue growth rate of 16.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Vitec Software Group AB's average Total Assets Growth Rate was 14.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 54.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 41.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 31.30% per year.
During the past 13 years, Vitec Software Group AB's highest 3-Year average Total Assets Growth Rate was 54.60%. The lowest was 12.00%. And the median was 31.00%.
* 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.
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.
Vitec Software Group AB's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Vitec Software Group AB (OSTO:VIT B) Total Assets Explanation
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.
Vitec Software Group AB's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Vitec Software Group AB Total Assets Related Terms
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Vitec Software Group AB (OSTO:VIT B) Business Description
Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.
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