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PSS World Medical, Inc. (NAS:PSSI)
Total Assets
$1,212 Mil (As of Sep. 2012)

PSS World Medical, Inc.'s total assets for the quarter that ended in Sep. 2012 was $1,212 Mil.

During the past 12 months, PSS World Medical, Inc.'s average Total Assets Growth Rate was 7.60% per year. During the past 3 years, the average Total Assets Growth Rate was 6.20% per year. During the past 5 years, the average Total Assets Growth Rate was 6.40% per year. During the past 10 years, the average Total Assets Growth Rate was 8.00% per year.

During the past 13 years, PSS World Medical, Inc.'s highest 3-Year average Total Assets Growth Rate was 12.00%. The lowest was -13.50%. And the median was 3.40%.

Total Assets is connected with Return on Assets (ROA). PSS World Medical, Inc.'s annualized Return on Assets (ROA) for the quarter that ended in Sep. 2012 was 5.04%. Total Assets is also linked to revenue through asset turnover. PSS World Medical, Inc.'s asset turnover for the quarter that ended in Sep. 2012 was 0.35.


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.

PSS World Medical, Inc.'s Total Assets for the fiscal year that ended in Mar. 2012 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=685.692+(101.036+256.352+112.89)
=1,156

Total Assets=Total Shareholder’s Equity (A: Mar. 2012 )+Total Liabilities (A: Mar. 2012 )
=387.128+768.842
=1,156

PSS World Medical, Inc.'s Total Assets for the quarter that ended in Sep. 2012 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=816.122+(84.008+195.275+116.564)
=1,212

Total Assets=Total Shareholder’s Equity (Q: Sep. 2012 )+Total Liabilities (Q: Sep. 2012 )
=407.6+804.369
=1,212

* 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.

PSS World Medical, Inc.'s annualized Return on Assets (ROA) for the quarter that ended in Sep. 2012 is

Return on Assets (ROA)=Net Income (Q: Sep. 2012 )/Total Assets (Q: Sep. 2012 )
=30.54/1211.969
=5.04 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2012) 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.

PSS World Medical, Inc.'s Asset Turnover for the quarter that ended in Sep. 2012 is

Asset Turnover=Total Sales/Total Assets
=Revenue (Q: Sep. 2012 )/Total Assets (Q: Sep. 2012 )
=420.798/1211.969
=0.35

* 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.

PSS World Medical, Inc. Annual Data

Mar03Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12
Total Assets 4725876467377758158728729521,156

PSS World Medical, Inc. Semi-Annual Data

Jun10Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12
Total Assets 8738789239529479651,0391,1561,1941,212
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