SKF AB's Total Assets for the quarter that ended in Mar. 2024 was $11,467 Mil.
Warning Sign:
If a company builds assets at 5.9% a year, faster than its revenue growth rate of 4.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, SKF AB's average Total Assets Growth Rate was 2.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.80% per year.
During the past 13 years, SKF AB's highest 3-Year average Total Assets Growth Rate was 11.30%. The lowest was -4.50%. And the median was 4.45%.
Total Assets is connected with ROA %. SKF AB's annualizedROA % for the quarter that ended in Mar. 2024 was 6.48%. Total Assets is also linked to Revenue through Asset Turnover. SKF AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.21.
SKF AB Total Assets Historical Data
The historical data trend for SKF 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.
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.
SKF 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.
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.
SKF 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.
SKF AB Total Assets Related Terms
Thank you for viewing the detailed overview of SKF AB's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.
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