Volvo Car AB (OSTO:VOLCAR B) Total Assets : kr369,620 Mil (As of Mar. 2024)

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What is Volvo Car AB Total Assets?

Volvo Car AB's Total Assets for the quarter that ended in Mar. 2024 was kr369,620 Mil.

Warning Sign:

If a company builds assets at 11.9% a year, faster than its revenue growth rate of 4.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Volvo Car AB's average Total Assets Growth Rate was 17.20% per year. During the past 3 years, the average Total Assets Growth Rate was 15.20% per year. During the past 5 years, the average Total Assets Growth Rate was 11.90% per year.

During the past 6 years, Volvo Car AB's highest 3-Year average Total Assets Growth Rate was 15.20%. The lowest was 8.00%. And the median was 12.00%.

Total Assets is connected with ROA %. Volvo Car AB's annualized ROA % for the quarter that ended in Mar. 2024 was 3.68%. Total Assets is also linked to Revenue through Asset Turnover. Volvo Car AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.26.

Volvo Car AB Total Assets Historical Data

The historical data trend for Volvo Car AB'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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Volvo Car AB Total Assets Chart

Volvo Car AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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243,367.00

262,312.00

283,358.00

330,924.00

356,362.00

Volvo Car AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												326,415.00	343,006.00	347,594.00	356,362.00	369,620.00

Volvo Car AB 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.

Volvo Car AB'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 )
	=	130485	+	225877
	=	356,362

Volvo Car AB'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 )
	=	134176	+	235444
	=	369,620

Volvo Car AB (OSTO:VOLCAR B) Total Assets Explanation

Total Assets is connected with ROA %.

Volvo Car AB'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 )
	=	13368	/	( (356362	+	369620)	/ 2 )
	=	13368	/	362991
	=	3.68 %

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.

Volvo Car AB'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 )
=	93878	/	( (356362	+	369620)	/ 2 )
=	93878	/	362991
=	0.26

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.

Volvo Car AB Total Assets Related Terms

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Volvo Car AB (OSTO:VOLCAR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volvo Car AB (OSTO:VOLCAR B) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

VLVCY:USA VLVOF:USA VOLCBs:UK 8JO:Germany

Address

VAK Building, Gunnar Engellaus Vag, Gothenburg, SWE, 405 31

Website

https://www.volvocars.com

Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it derives a majority of its revenue from China and also has a presence in the US; Sweden; Germany; United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars.

Volvo Car AB (OSTO:VOLCAR B) Headlines

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