Elastic NV's Total Assets for the quarter that ended in Jan. 2024 was $2,059 Mil.
Warning Sign:
If a company builds assets at 47.4% a year, faster than its revenue growth rate of 31.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Elastic NV's average Total Assets Growth Rate was 39.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 17.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 47.40% per year.
During the past 7 years, Elastic NV's highest 3-Year average Total Assets Growth Rate was 93.70%. The lowest was 17.80%. And the median was 61.95%.
The historical data trend for Elastic NV'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.
Elastic NV's Total Assets for the fiscal year that ended in Apr. 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 (Jan. 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.
Elastic NV's Asset Turnover for the quarter that ended in Jan. 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.
Elastic NV Total Assets Related Terms
Thank you for viewing the detailed overview of Elastic NV's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ESTC has been successfully added to your 