Maytronics's Total Assets for the quarter that ended in Mar. 2024 was ₪2,412 Mil.
Warning Sign:
If a company builds assets at 33% a year, faster than its revenue growth rate of 22.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Maytronics's average Total Assets Growth Rate was -3.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 35.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 33.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.20% per year.
During the past 12 years, Maytronics's highest 3-Year average Total Assets Growth Rate was 42.10%. The lowest was 18.20%. And the median was 21.75%.
The historical data trend for Maytronics'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.
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.
Maytronics's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Maytronics's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Maytronics Total Assets Related Terms
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Maytronics Ltd is an Israel-based company which provides a complete solution for swimming pool care. It delivers automatic pool cleaners, environment-friendly water treatment systems, and pool safety products to residential and commercial swimming pool owners and operators across the world. The company's product brands are Dolphin line of robotic pool cleaners, the AQUAlife pool covers and Aqualarm and Espio pool alarms. Its operating segment includes Manufacturing of private pool cleaning robots as a key revenue driver; Manufacturing of public pool cleaning robots and Safety products and related pool products.
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