Touchtech AB (XSAT:TOUCH) Total Assets : kr53.11 Mil (As of Mar. 2024)

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What is Touchtech AB Total Assets?

Touchtech AB's Total Assets for the quarter that ended in Mar. 2024 was kr53.11 Mil.

Warning Sign:

If a company builds assets at 42.4% a year, faster than its revenue growth rate of 8.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Touchtech AB's average Total Assets Growth Rate was 31.10% per year. During the past 3 years, the average Total Assets Growth Rate was 63.10% per year. During the past 5 years, the average Total Assets Growth Rate was 42.40% per year.

During the past 8 years, Touchtech AB's highest 3-Year average Total Assets Growth Rate was 63.10%. The lowest was 24.90%. And the median was 45.60%.

Total Assets is connected with ROA %. Touchtech AB's annualized ROA % for the quarter that ended in Mar. 2024 was 17.54%. Total Assets is also linked to Revenue through Asset Turnover. Touchtech AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Touchtech AB Total Assets Historical Data

The historical data trend for Touchtech 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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Touchtech AB Total Assets Chart

Touchtech AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8.69

14.35

57.48

50.75

51.41

Touchtech AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															50.11	52.12	53.75	51.41	53.11

Touchtech 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.

Touchtech 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 )
	=	47.992	+	3.419
	=	51.41

Touchtech 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 )
	=	50.283	+	2.822
	=	53.11

Touchtech AB (XSAT:TOUCH) Total Assets Explanation

Total Assets is connected with ROA %.

Touchtech 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 )
	=	9.164	/	( (51.411	+	53.105)	/ 2 )
	=	9.164	/	52.258
	=	17.54 %

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.

Touchtech 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 )
=	5.81	/	( (51.411	+	53.105)	/ 2 )
=	5.81	/	52.258
=	0.11

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.

Touchtech AB Total Assets Related Terms

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Touchtech AB (XSAT:TOUCH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Touchtech AB (XSAT:TOUCH) » Definitions » Total Assets

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Address

Västra Hamngatan 1, Gothenburg, SWE, 411 17

Website

https://www.touchtech.com

Touchtech AB designs and develops interactive software. The company offers customer interaction through catalog access, presentation, brochures, images, and website. It serves the customers in Sweden.

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