REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Total Assets : €5,782.0 Mil (As of Dec. 2023)

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What is REN-Redes Energeticas Nacionais Sgps Total Assets?

REN-Redes Energeticas Nacionais Sgps's Total Assets for the quarter that ended in Dec. 2023 was €5,782.0 Mil.

During the past 12 months, REN-Redes Energeticas Nacionais Sgps's average Total Assets Growth Rate was 8.40% per year. During the past 3 years, the average Total Assets Growth Rate was 2.10% per year. During the past 5 years, the average Total Assets Growth Rate was 0.60% per year. During the past 10 years, the average Total Assets Growth Rate was 1.40% per year.

During the past 13 years, REN-Redes Energeticas Nacionais Sgps's highest 3-Year average Total Assets Growth Rate was 13.90%. The lowest was -2.30%. And the median was 3.00%.

Total Assets is connected with ROA %. REN-Redes Energeticas Nacionais Sgps's annualized ROA % for the quarter that ended in Dec. 2023 was 3.51%. Total Assets is also linked to Revenue through Asset Turnover. REN-Redes Energeticas Nacionais Sgps's Asset Turnover for the quarter that ended in Dec. 2023 was 0.05.

REN-Redes Energeticas Nacionais Sgps Total Assets Historical Data

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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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REN-Redes Energeticas Nacionais Sgps Total Assets Chart

REN-Redes Energeticas Nacionais Sgps Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5,305.31

5,248.66

5,588.52

6,451.60

5,781.97

REN-Redes Energeticas Nacionais Sgps Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															6,451.60	6,425.84	6,343.43	6,307.61	5,781.97

REN-Redes Energeticas Nacionais Sgps 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.

REN-Redes Energeticas Nacionais Sgps'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 )
	=	1512.116	+	4269.852
	=	5,782.0

REN-Redes Energeticas Nacionais Sgps'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 )
	=	1512.116	+	4269.852
	=	5,782.0

REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Total Assets Explanation

Total Assets is connected with ROA %.

REN-Redes Energeticas Nacionais Sgps's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	211.976	/	( (6307.607	+	5781.968)	/ 2 )
	=	211.976	/	6044.7875
	=	3.51 %

Note: The Net Income data used here is four times the quarterly (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.

REN-Redes Energeticas Nacionais Sgps's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	304.535	/	( (6307.607	+	5781.968)	/ 2 )
=	304.535	/	6044.7875
=	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.

REN-Redes Energeticas Nacionais Sgps Total Assets Related Terms

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REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » REN-Redes Energeticas Nacionais Sgps SA (XLIS:RENE) » Definitions » Total Assets

Traded in Other Exchanges

0KBT:UK RN4:Germany

Address

Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061

Website

http://www.ren.pt

REN-Redes Energeticas Nacionais Sgps SA is an energy and utilities company designed for the transmission and distributing electricity and natural gas. The company offers services that manage national energy transmission and distribution systems that include the national electric transmission grid (RNT), the national natural gas transportation grid (RNTGN) and the portgás distribution grid, enabling the creation of an Iberian electricity market that will develop the hydrogen corridor in Europe, together with other European TSOs (Enagas, GRTgaz, Terega and OGE).