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Dell Inc (NAS:DELL)
Total Assets
$45,871 Mil (As of Jul. 2013)

Dell Inc's total assets for the quarter that ended in Jul. 2013 was $45,871 Mil.

Total Assets is connected with Return on Assets (ROA). Dell Inc's annualized Return on Assets (ROA) for the quarter that ended in Jul. 2013 was 1.80%. Total Assets is also linked to revenue through asset turnover. Dell Inc's asset turnover for the quarter that ended in Jul. 2013 was 0.32.


Definition

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.

Dell Inc's Total Assets for the fiscal year that ended in Jan. 2013 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=27968+(2126+12678+4768)
=47,540

Total Assets=Total Shareholder’s Equity (A: Jan. 2013 )+Total Liabilities (A: Jan. 2013 )
=10680+36860
=47,540

Dell Inc's Total Assets for the quarter that ended in Jul. 2013 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=26866+(2212+12243+4550)
=45,871

Total Assets=Total Shareholder’s Equity (Q: Jul. 2013 )+Total Liabilities (Q: Jul. 2013 )
=10781+35090
=45,871

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Total Assets is connected with Return on Assets.

Dell Inc's annualized Return on Assets (ROA) for the quarter that ended in Jul. 2013 is

Return on Assets (ROA)=Net Income (Q: Jul. 2013 )/Total Assets (Q: Jul. 2013 )
=816/45871
=1.80 %

Note: The Net Income data used here is four times the quarterly (Jul. 2013) net income 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.

Dell Inc's Asset Turnover for the quarter that ended in Jul. 2013 is

Asset Turnover=Total Sales/Total Assets
=Revenue (Q: Jul. 2013 )/Total Assets (Q: Jul. 2013 )
=14514/45871
=0.32

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Dell Inc Annual Data

Jan04Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13
Total Assets 19,31123,21523,25225,63527,56126,50033,65238,59944,53347,540

Dell Inc Quarterly Data

Apr11Jul11Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13
Total Assets 39,78841,60442,04344,53343,28944,09745,44647,54044,79145,871
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