Kitz (TSE:6498) Total Assets : 円170,177 Mil (As of Mar. 2024)

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What is Kitz Total Assets?

Kitz's Total Assets for the quarter that ended in Mar. 2024 was 円170,177 Mil.

During the past 12 months, Kitz's average Total Assets Growth Rate was 6.30% per year. During the past 3 years, the average Total Assets Growth Rate was 2.80% per year. During the past 5 years, the average Total Assets Growth Rate was 3.90% per year. During the past 10 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 13 years, Kitz's highest 3-Year average Total Assets Growth Rate was 5.00%. The lowest was -7.00%. And the median was 2.70%.

Total Assets is connected with ROA %. Kitz's annualized ROA % for the quarter that ended in Mar. 2024 was 5.95%. Total Assets is also linked to Revenue through Asset Turnover. Kitz's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

Kitz Total Assets Historical Data

The historical data trend for Kitz'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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Kitz Total Assets Chart

Kitz Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Total Assets

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133,545.00

131,657.00

135,063.00

143,419.00

152,569.00

Kitz 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															155,968.00	160,440.00	163,323.00	166,693.00	170,177.00

Kitz 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.

Kitz's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	91041	+	61528
	=	152,569

Kitz'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 )
	=	104610	+	65567
	=	170,177

Kitz (TSE:6498) Total Assets Explanation

Total Assets is connected with ROA %.

Kitz'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 )
	=	10028	/	( (166693	+	170177)	/ 2 )
	=	10028	/	168435
	=	5.95 %

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.

Kitz'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 )
=	40211	/	( (166693	+	170177)	/ 2 )
=	40211	/	168435
=	0.24

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.

Kitz Total Assets Related Terms

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Kitz (TSE:6498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitz Corp (TSE:6498) » Definitions » Total Assets

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Address

1-10-1 Nakase Mihama-ku, Chiba, JPN, 2618577

Website

http://www.kitz.co.jp

Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters. the brass manufacturing business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business.

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