Ready Mix Concrete and Construction Supplies (AMM:RMCC) Total Assets : JOD58.96 Mil (As of Mar. 2024)

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What is Ready Mix Concrete and Construction Supplies Total Assets?

Ready Mix Concrete and Construction Supplies's Total Assets for the quarter that ended in Mar. 2024 was JOD58.96 Mil.

During the past 12 months, Ready Mix Concrete and Construction Supplies's average Total Assets Growth Rate was -0.10% per year. During the past 3 years, the average Total Assets Growth Rate was 1.40% per year. During the past 5 years, the average Total Assets Growth Rate was -3.00% per year. During the past 10 years, the average Total Assets Growth Rate was 0.30% per year.

During the past 13 years, Ready Mix Concrete and Construction Supplies's highest 3-Year average Total Assets Growth Rate was 6.50%. The lowest was -7.00%. And the median was 1.55%.

Total Assets is connected with ROA %. Ready Mix Concrete and Construction Supplies's annualized ROA % for the quarter that ended in Mar. 2024 was 6.34%. Total Assets is also linked to Revenue through Asset Turnover. Ready Mix Concrete and Construction Supplies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.20.

Ready Mix Concrete and Construction Supplies Total Assets Historical Data

The historical data trend for Ready Mix Concrete and Construction Supplies'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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Ready Mix Concrete and Construction Supplies Total Assets Chart

Ready Mix Concrete and Construction Supplies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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63.24

54.42

53.66

58.47

56.71

Ready Mix Concrete and Construction Supplies 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															58.92	60.63	59.93	56.71	58.96

Ready Mix Concrete and Construction Supplies 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.

Ready Mix Concrete and Construction Supplies'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 )
	=	21.299	+	35.412
	=	56.71

Ready Mix Concrete and Construction Supplies'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 )
	=	32.223	+	26.736
	=	58.96

Ready Mix Concrete and Construction Supplies (AMM:RMCC) Total Assets Explanation

Total Assets is connected with ROA %.

Ready Mix Concrete and Construction Supplies'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 )
	=	3.668	/	( (56.711	+	58.959)	/ 2 )
	=	3.668	/	57.835
	=	6.34 %

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.

Ready Mix Concrete and Construction Supplies'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 )
=	11.732	/	( (56.711	+	58.959)	/ 2 )
=	11.732	/	57.835
=	0.20

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.

Ready Mix Concrete and Construction Supplies Total Assets Related Terms

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Ready Mix Concrete and Construction Supplies (AMM:RMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ready Mix Concrete and Construction Supplies (AMM:RMCC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 851602, Amman, JOR, 11185

Website

https://www.kingdomconcrete.jo

Ready Mix Concrete and Construction Supplies are engaged in supplying of ready-mix concrete to the construction industry. The company's project profile includes Hyatt, Sheraton, Holiday Inn, Queen Rania Al Abdullah Hospital for Children, Karak Bridge, Residential Buildings, and others.

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