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Lumber Liquidators Holdings Inc (NYSE:LL)
Total Assets
$471.5 Mil (As of Sep. 2016)

Lumber Liquidators Holdings Inc's total assets for the quarter that ended in Sep. 2016 was $471.5 Mil.

Warning Sign:

If a company builds asset at 18.6% a year, faster than its revenue growth rate of 12.4% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Lumber Liquidators Holdings Inc's average Total Assets Growth Rate was 10.60% per year. During the past 3 years, the average Total Assets Growth Rate was 14.90% per year. During the past 5 years, the average Total Assets Growth Rate was 18.60% per year. During the past 10 years, the average Total Assets Growth Rate was 24.60% per year.

During the past 13 years, Lumber Liquidators Holdings Inc's highest 3-Year average Total Assets Growth Rate was 60.40%. The lowest was 14.90%. And the median was 28.10%.

Total Assets is connected with Return on Assets (ROA). Lumber Liquidators Holdings Inc's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2016 was -15.37%. Total Assets is also linked to revenue through asset turnover. Lumber Liquidators Holdings Inc's asset turnover for the quarter that ended in Sep. 2016 was 0.51.


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.

Lumber Liquidators Holdings Inc's Total Assets for the fiscal year that ended in Dec. 2015 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=322.788+(121.997+9.693+1.724)
=456.2

Total Assets=Total Shareholder’s Equity (A: Dec. 2015 )+Total Liabilities (A: Dec. 2015 )
=277.568+178.634
=456.2

Lumber Liquidators Holdings Inc's Total Assets for the quarter that ended in Sep. 2016 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=342.564+(116.639+9.693+2.582)
=471.5

Total Assets=Total Shareholder’s Equity (Q: Sep. 2016 )+Total Liabilities (Q: Sep. 2016 )
=218.647+252.831
=471.5

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Total Assets is connected with Return on Assets.

Lumber Liquidators Holdings Inc's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2016 is

ROA=Net Income (Q: Sep. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Sep. 2016 ))/ 2 )
=-73.752/( (488.37+471.478)/ 2 )
=-73.752/479.924
=-15.37 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) 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.

Lumber Liquidators Holdings Inc's Asset Turnover for the quarter that ended in Sep. 2016 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Sep. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Sep. 2016 ))/ 2 )
=244.082/( (488.37+471.478)/ 2 )
=244.082/479.924
=0.51

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Lumber Liquidators Holdings Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Total Assets 78.0128.4152.4205.9242.3294.9347.4429.6493.5456.2

Lumber Liquidators Holdings Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Total Assets 454.6452.5493.5506.0481.3472.0456.2479.0488.4471.5
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