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Tenax International SpA (MIL:TNX) Total Assets : €22.05 Mil (As of Dec. 2023)


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What is Tenax International SpA Total Assets?

Tenax International SpA's Total Assets for the quarter that ended in Dec. 2023 was €22.05 Mil.

Warning Sign:

If a company builds assets at 22.3% a year, faster than its revenue growth rate of 18.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Tenax International SpA's average Total Assets Growth Rate was 16.70% per year. During the past 3 years, the average Total Assets Growth Rate was 18.50% per year. During the past 5 years, the average Total Assets Growth Rate was 22.30% per year.

During the past 6 years, Tenax International SpA's highest 3-Year average Total Assets Growth Rate was 26.70%. The lowest was 18.50%. And the median was 24.30%.

Total Assets is connected with ROA %. Tenax International SpA's annualized ROA % for the quarter that ended in Dec. 2023 was 4.69%. Total Assets is also linked to Revenue through Asset Turnover. Tenax International SpA's Asset Turnover for the quarter that ended in Dec. 2023 was 0.54.

Tenax International SpA Total Assets Historical Data

The historical data trend for Tenax International SpA'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.

* Premium members only.

Tenax International SpA Total Assets Chart

Tenax International SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 9.31 14.40 16.86 19.21 22.05

Tenax International SpA Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.86 17.78 19.21 20.21 22.05

Tenax International SpA 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.

Tenax International SpA'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 )
=7.33+14.722
=22.05

Tenax International SpA's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=7.33+14.722
=22.05

* 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.

Tenax International SpA  (MIL:TNX) Total Assets Explanation

Total Assets is connected with ROA %.

Tenax International SpA's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0.992/( (20.207+22.052)/ 2 )
=0.992/21.1295
=4.69 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) 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.

Tenax International SpA's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=11.513/( (20.207+22.052)/ 2 )
=11.513/21.1295
=0.54

* 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.

Tenax International SpA Total Assets Related Terms

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Tenax International SpA (MIL:TNX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tenax International SpA (MIL:TNX) » Definitions » Total Assets
Comparable Companies
MIL:BIRO TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F GM NSE:MARUTI LI XKRX:005380 HKSE:02333 NSE:TATAMOTORS SHSE:600104 XKRX:000270 NSE:M&M
Traded in Other Exchanges
N/A
Address
Via Balduina 3, Rio Saliceto, ITA, 42010
Website
https://www.tenaxinternational.com
Tenax International SpA is engaged in designing and production of low-voltage electric road sweepers and street washers in Italy. The company also offers pre-owned street washers and road sweepers.

Tenax International SpA (MIL:TNX) Headlines

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