artnet AG (XTER:ART) Total Assets : €11.66 Mil (As of Jun. 2023)

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What is artnet AG Total Assets?

artnet AG's Total Assets for the quarter that ended in Jun. 2023 was €11.66 Mil.

Warning Sign:

If a company builds assets at 19.9% a year, faster than its revenue growth rate of 5.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, artnet AG's average Total Assets Growth Rate was 2.80% per year. During the past 3 years, the average Total Assets Growth Rate was 5.70% per year. During the past 5 years, the average Total Assets Growth Rate was 19.90% per year. During the past 10 years, the average Total Assets Growth Rate was 13.00% per year.

During the past 13 years, artnet AG's highest 3-Year average Total Assets Growth Rate was 54.70%. The lowest was -21.40%. And the median was 10.40%.

Total Assets is connected with ROA %. artnet AG's annualized ROA % for the quarter that ended in Jun. 2023 was -16.76%. Total Assets is also linked to Revenue through Asset Turnover. artnet AG's Asset Turnover for the quarter that ended in Jun. 2023 was 0.92.

artnet AG Total Assets Historical Data

The historical data trend for artnet AG'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.

artnet AG Total Assets Chart

artnet AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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7.59

11.81

10.88

10.83

14.45

artnet AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															10.80	10.83	11.82	14.45	11.66

artnet AG 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.

artnet AG'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 )
	=	4.808	+	9.64
	=	14.45

artnet AG's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	4.308	+	7.349
	=	11.66

artnet AG (XTER:ART) Total Assets Explanation

Total Assets is connected with ROA %.

artnet AG's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-2.188	/	( (14.448	+	11.656)	/ 2 )
	=	-2.188	/	13.052
	=	-16.76 %

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

artnet AG's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	12.059	/	( (14.448	+	11.656)	/ 2 )
=	12.059	/	13.052
=	0.92

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.

artnet AG Total Assets Related Terms

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artnet AG (XTER:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » artnet AG (XTER:ART) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ART:Germany ART:Germany

Address

Oranienstrasse 164, Berlin, DEU, 10969

Website

https://www.artnet.com

artnet AG is an online resource for the international art market. The company provides platforms related to artwork are Artnet Auctions to bid on paintings, prints, photographs, and more artistic work, Artnet News for the latest news about art events, trends, or workshops, Artnet Galleries to connect art galleries from all over the world for new collections. The activity of the company operates through Online retailing.

Executives

Hans Reinhard Neuendorf

Supervisory Board

artnet AG (XTER:ART) Headlines

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