Al Eid Food Co (KUW:ALEID) Total Assets : KWD64.71 Mil (As of Mar. 2024)

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What is Al Eid Food Co Total Assets?

Al Eid Food Co's Total Assets for the quarter that ended in Mar. 2024 was KWD64.71 Mil.

Warning Sign:

If a company builds assets at 18.3% a year, faster than its revenue growth rate of 15.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Al Eid Food Co's average Total Assets Growth Rate was 128.70% per year. During the past 3 years, the average Total Assets Growth Rate was 34.40% per year. During the past 5 years, the average Total Assets Growth Rate was 18.30% per year. During the past 10 years, the average Total Assets Growth Rate was 14.20% per year.

During the past 13 years, Al Eid Food Co's highest 3-Year average Total Assets Growth Rate was 34.40%. The lowest was 4.20%. And the median was 8.20%.

Total Assets is connected with ROA %. Al Eid Food Co's annualized ROA % for the quarter that ended in Mar. 2024 was 8.14%. Total Assets is also linked to Revenue through Asset Turnover. Al Eid Food Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.26.

Al Eid Food Co Total Assets Historical Data

The historical data trend for Al Eid Food Co'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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Al Eid Food Co Total Assets Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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24.66

26.60

28.47

31.65

63.51

Al Eid Food Co 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															28.98	32.43	32.91	63.51	64.71

Al Eid Food Co 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.

Al Eid Food Co'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 )
	=	45.94	+	17.569
	=	63.51

Al Eid Food Co'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 )
	=	47.303	+	17.405
	=	64.71

Al Eid Food Co (KUW:ALEID) Total Assets Explanation

Total Assets is connected with ROA %.

Al Eid Food Co'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 )
	=	5.22	/	( (63.509	+	64.707)	/ 2 )
	=	5.22	/	64.108
	=	8.14 %

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.

Al Eid Food Co'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 )
=	16.7	/	( (63.509	+	64.707)	/ 2 )
=	16.7	/	64.108
=	0.26

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.

Al Eid Food Co Total Assets Related Terms

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Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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