The Westaim (FRA:WEM1) Total Assets : €513.2 Mil (As of Mar. 2024)

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What is The Westaim Total Assets?

The Westaim's Total Assets for the quarter that ended in Mar. 2024 was €513.2 Mil.

During the past 12 months, The Westaim's average Total Assets Growth Rate was -13.20% per year. During the past 3 years, the average Total Assets Growth Rate was 5.80% per year. During the past 5 years, the average Total Assets Growth Rate was 1.90% per year. During the past 10 years, the average Total Assets Growth Rate was 54.60% per year.

During the past 13 years, The Westaim's highest 3-Year average Total Assets Growth Rate was 1298.70%. The lowest was -95.00%. And the median was -0.80%.

Total Assets is connected with ROA %. The Westaim's annualized ROA % for the quarter that ended in Mar. 2024 was 16.81%. Total Assets is also linked to Revenue through Asset Turnover. The Westaim's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

The Westaim Total Assets Historical Data

The historical data trend for The Westaim'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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The Westaim Total Assets Chart

The Westaim Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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369.67

310.18

355.47

390.15

506.02

The Westaim 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															473.46	492.92	478.74	506.02	513.18

The Westaim 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.

The Westaim'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 )
	=	475.323	+	30.697
	=	506.0

The Westaim'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 )
	=	489.342	+	23.839
	=	513.2

The Westaim (FRA:WEM1) Total Assets Explanation

Total Assets is connected with ROA %.

The Westaim'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 )
	=	85.66	/	( (506.02	+	513.182)	/ 2 )
	=	85.66	/	509.601
	=	16.81 %

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.

The Westaim'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 )
=	26.743	/	( (506.02	+	513.182)	/ 2 )
=	26.743	/	509.601
=	0.05

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.

The Westaim Total Assets Related Terms

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The Westaim (FRA:WEM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Westaim Corp (FRA:WEM1) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

WEDXF:USA WEM1:Germany WED:Canada

Address

70 York Street, Suite 1700, Toronto, ON, CAN, M5J 1S9

Website

https://www.westaim.com

The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements, to provide its shareholders with capital appreciation and real wealth preservation. The group seeks to acquire debt, equity, or derivative securities of both public and private companies. The company derives revenue mostly from interest income and dividend income. Geographically, it has a business presence in the U.S., Asia Pacific, Canada, Europe, and other countries.

The Westaim (FRA:WEM1) Headlines

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