Argeo AS (OSL:ARGEO) Total Assets : kr995.8 Mil (As of Mar. 2024)

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What is Argeo AS Total Assets?

Argeo AS's Total Assets for the quarter that ended in Mar. 2024 was kr995.8 Mil.

During the past 12 months, Argeo AS's average Total Assets Growth Rate was 227.40% per year. During the past 3 years, the average Total Assets Growth Rate was 223.20% per year. During the past 5 years, the average Total Assets Growth Rate was 203.20% per year.

During the past 6 years, Argeo AS's highest 3-Year average Total Assets Growth Rate was 306.10%. The lowest was 178.30%. And the median was 223.20%.

Total Assets is connected with ROA %. Argeo AS's annualized ROA % for the quarter that ended in Mar. 2024 was 9.63%. Total Assets is also linked to Revenue through Asset Turnover. Argeo AS's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Argeo AS Total Assets Historical Data

The historical data trend for Argeo AS'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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Argeo AS Total Assets Chart

Argeo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5.85

28.53

177.24

324.12

755.35

Argeo AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial													315.39	350.22	311.76	755.35	995.79

Argeo AS 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.

Argeo AS'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 )
	=	369.334	+	386.013
	=	755.3

Argeo AS'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 )
	=	416.949	+	578.837
	=	995.8

Argeo AS (OSL:ARGEO) Total Assets Explanation

Total Assets is connected with ROA %.

Argeo AS'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 )
	=	84.344	/	( (755.348	+	995.786)	/ 2 )
	=	84.344	/	875.567
	=	9.63 %

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.

Argeo AS'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 )
=	100.465	/	( (755.348	+	995.786)	/ 2 )
=	100.465	/	875.567
=	0.11

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.

Argeo AS Total Assets Related Terms

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Argeo AS (OSL:ARGEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argeo AS (OSL:ARGEO) » Definitions » Total Assets

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8W2:Germany

Address

Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395

Website

https://www.argeo.no

Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

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