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Humana Inc (NYSE:HUM)
Total Assets
$23,121 Mil (As of Jun. 2014)

Humana Inc's total assets for the quarter that ended in Jun. 2014 was $23,121 Mil.

Warning Sign:

If a company builds asset at 12.2% a year, faster than its revenue growth rate of 9.2% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Humana Inc's average Total Assets Growth Rate was 11.40% per year. During the past 3 years, the average Total Assets Growth Rate was 10.70% per year. During the past 5 years, the average Total Assets Growth Rate was 12.20% per year. During the past 10 years, the average Total Assets Growth Rate was 24.50% per year.

During the past 13 years, Humana Inc's highest 3-Year average Total Assets Growth Rate was 43.00%. The lowest was -13.80%. And the median was 14.70%.

Total Assets is connected with Return on Assets (ROA). Humana Inc's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2014 was 5.96%. Total Assets is also linked to revenue through asset turnover. Humana Inc's asset turnover for the quarter that ended in Jun. 2014 was 0.53.


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.

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

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=0+(1218+4426+15091)
=20,735

Total Assets=Total Shareholder’s Equity (A: Dec. 2013 )+Total Liabilities (A: Dec. 2013 )
=9316+11419
=20,735

Humana Inc's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=0+(1289+4325+17507)
=23,121

Total Assets=Total Shareholder’s Equity (Q: Jun. 2014 )+Total Liabilities (Q: Jun. 2014 )
=10000+13121
=23,121

* 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.

Humana Inc's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2014 is

Return on Assets (ROA)=Net Income (Q: Jun. 2014 )/Total Assets (Q: Jun. 2014 )
=1376/23121
=5.96 %

Note: The Net Income data used here is four times the quarterly (Jun. 2014) 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.

Humana Inc's Asset Turnover for the quarter that ended in Jun. 2014 is

Asset Turnover=Total Sales/Total Assets
=Revenue (Q: Jun. 2014 )/Total Assets (Q: Jun. 2014 )
=12222/23121
=0.53

* 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.

Humana Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Total Assets 5,6586,87010,12712,87913,04214,15316,10317,70819,97920,735

Humana Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Total Assets 20,70020,85518,79719,97920,97420,84820,90320,73522,56623,121
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