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Tribune Media Co (OTCPK:TRBAA)
Total Assets
\$7,604 Mil (As of Sep. 2008)

Tribune Media Co's total assets for the quarter that ended in Sep. 2008 was \$7,604 Mil.

Total Assets is connected with Return on Assets (ROA). Tribune Media Co's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2008 was -6.14%. Total Assets is also linked to revenue through asset turnover. Tribune Media Co's asset turnover for the quarter that ended in Sep. 2008 was 0.13.

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.

Tribune Media Co's Total Assets for the fiscal year that ended in Dec. 2007 is calculated as

 Total Assets = Total Current Assets + Total Long Term Assets = Total Current Assets + (Net PPE + Intangibles + Other Long-Term Assets) = 1246.054 + (172.414 + 2913.266 + 213.181) = 4,545

 Total Assets = Total Shareholders Equity (A: Dec. 2007 ) + Total Liabilities (A: Dec. 2007 ) = 3098.39 + 1446.525 = 4,545

Tribune Media Co's Total Assets for the quarter that ended in Sep. 2008 is calculated as

 Total Assets = Total Current Assets + Total Long Term Assets = Total Current Assets + (Net PPE + Intangibles + Other Long-Term Assets) = 1309.49 + (1477.846 + 3433.384 + 1383.475) = 7,604

 Total Assets = Total Shareholders Equity (Q: Sep. 2008 ) + Total Liabilities (Q: Sep. 2008 ) = -6297.582 + 13901.777 = 7,604

* 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.

Tribune Media Co's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2008 is

 ROA = Net Income (Q: Sep. 2008 ) / ( (Total Assets (Q: Jun. 2008 ) + Total Assets (Q: Sep. 2008 )) / 2 ) = -486.304 / ( (8235.567 + 7604.195) / 2 ) = -486.304 / 7919.881 = -6.14 %

Note: The Net Income data used here is four times the quarterly (Sep. 2008) 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.

Tribune Media Co's Asset Turnover for the quarter that ended in Sep. 2008 is

 Asset Turnover = Sales / Average Total Assets = Revenue (Q: Sep. 2008 ) / ( (Total Assets (Q: Jun. 2008 ) + Total Assets (Q: Sep. 2008 )) / 2 ) = 1036.946 / ( (8235.567 + 7604.195) / 2 ) = 1036.946 / 7919.881 = 0.13

* 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

Historical Data

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

Tribune Media Co Annual Data

 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Total Assets 5,824 8,740 14,669 14,381 13,974 14,280 14,155 14,546 3,868 4,545

Tribune Media Co Quarterly Data

 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Total Assets 14,232 14,183 3,868 13,184 13,285 13,774 4,545 12,974 8,236 7,604
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