Spotify Technology (Spotify Technology) Total Assets : $9,864 Mil (As of Mar. 2024)

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What is Spotify Technology Total Assets?

Spotify Technology's Total Assets for the quarter that ended in Mar. 2024 was $9,864 Mil.

During the past 12 months, Spotify Technology's average Total Assets Growth Rate was 9.30% per year. During the past 3 years, the average Total Assets Growth Rate was -6.80% per year. During the past 5 years, the average Total Assets Growth Rate was 7.50% per year.

During the past 9 years, Spotify Technology's highest 3-Year average Total Assets Growth Rate was 90.20%. The lowest was -6.80%. And the median was 28.10%.

Total Assets is connected with ROA %. Spotify Technology's annualized ROA % for the quarter that ended in Mar. 2024 was 9.03%. Total Assets is also linked to Revenue through Asset Turnover. Spotify Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.42.

Spotify Technology Total Assets Historical Data

The historical data trend for Spotify Technology'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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Spotify Technology Total Assets Chart

Spotify Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,691.11

7,695.86

8,101.70

8,088.98

9,101.42

Spotify Technology 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															8,061.03	7,921.99	8,102.46	9,101.42	9,864.13

Spotify Technology 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.

Spotify Technology'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 )
	=	2751.363	+	6350.055
	=	9,101

Spotify Technology'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 )
	=	3596.739	+	6267.391
	=	9,864

Spotify Technology (NYSE:SPOT) Total Assets Explanation

Total Assets is connected with ROA %.

Spotify Technology'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 )
	=	856.52	/	( (9101.418	+	9864.13)	/ 2 )
	=	856.52	/	9482.774
	=	9.03 %

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.

Spotify Technology'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 )
=	3952.174	/	( (9101.418	+	9864.13)	/ 2 )
=	3952.174	/	9482.774
=	0.42

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.

Spotify Technology Total Assets Related Terms

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Spotify Technology (Spotify Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (NYSE:SPOT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SPOT:Mexico 1SPOT:Italy 639:Germany 639:Germany S1PO34:Brazil SPOT:Austria

Address

5, Place de la Gare, Luxembourg, LUX, L-1616

Website

https://www.spotify.com

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 489 million total listeners. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 87% and 13% of Spotify's 2022 total revenue, respectively.