Somec S.p.A. (SOM.MI)

Net assets on the balance sheet as of December 2023 : A$35.47 Million

According to Somec S.p.A.'s latest financial reports the company has A$35.47 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Somec S.p.A. - Net assets on balance sheet (from 2017 to 2023)

Net assets by year

Year	Net assets	Change
2023-12-31	$A$34.01 M	-41.38%
2022-12-31	$A$58.02 M	-35.21%
2021-12-31	$A$89.56 M	23.86%
2020-12-31	$A$72.31 M	-7.01%
2019-12-31	$A$77.76 M	6.11%
2018-12-31	$A$73.28 M	315.36%
2017-12-31	$A$17.64 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Somec S.p.A. (SOM.MI) - Net assets