Novem Group (LTS:0ABP) Total Assets : €588.3 Mil (As of Jun. 2024)

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What is Novem Group Total Assets?

Novem Group's Total Assets for the quarter that ended in Jun. 2024 was €588.3 Mil.

During the past 12 months, Novem Group's average Total Assets Growth Rate was -3.10% per year. During the past 3 years, the average Total Assets Growth Rate was 0.40% per year.

During the past 4 years, Novem Group's highest 3-Year average Total Assets Growth Rate was 0.40%. The lowest was 0.40%. And the median was 0.40%.

Total Assets is connected with ROA %. Novem Group's annualized ROA % for the quarter that ended in Jun. 2024 was 1.41%. Total Assets is also linked to Revenue through Asset Turnover. Novem Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.24.

Novem Group Total Assets Historical Data

The historical data trend for Novem Group'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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Novem Group Total Assets Chart

Novem Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Assets

629.95

594.05

638.01

602.12

Novem Group Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial											638.10	592.02	593.80	602.12	588.30

Novem Group 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.

Novem Group's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	89.887	+	512.229
	=	602.1

Novem Group's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	92.1	+	496.2
	=	588.3

Novem Group (LTS:0ABP) Total Assets Explanation

Total Assets is connected with ROA %.

Novem Group's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	8.4	/	( (602.116	+	588.3)	/ 2 )
	=	8.4	/	595.208
	=	1.41 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Novem Group's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	140.1	/	( (602.116	+	588.3)	/ 2 )
=	140.1	/	595.208
=	0.24

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.

Novem Group Total Assets Related Terms

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Novem Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Novem Group SA (LTS:0ABP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NVM:Germany

Address

Industriestrasse 45, Vorbach, DEU, 95519

Website

https://www.novem.com

Novem Group SA operates as a developer, supplier, and system supplier for trim parts and decorative functional elements in vehicle interiors. The products of the company are central consoles, dashboards, beltlines, and others. The company operates in three reportable geographical segments namely Europe, Americas, and Asia. The business activities of these segments includes the production, processing, and sale of high quality trims and decorative functional elements in vehicle interiors.

Novem Group Headlines

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