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Walgreen Co (NYSE:WAG)
Total Assets
$48,612 Mil (As of Nov. 2014)

Walgreen Co's total assets for the quarter that ended in Nov. 2014 was $48,612 Mil.

Warning Sign:

If a company builds asset at 10% a year, faster than its revenue growth rate of 2.7% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Walgreen Co's average Total Assets Growth Rate was 0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 10.10% per year. During the past 5 years, the average Total Assets Growth Rate was 10.00% per year. During the past 10 years, the average Total Assets Growth Rate was 10.80% per year.

During the past 13 years, Walgreen Co's highest 3-Year average Total Assets Growth Rate was 22.80%. The lowest was 5.60%. And the median was 13.60%.

Total Assets is connected with Return on Assets (ROA). Walgreen Co's annualized Return on Assets (ROA) for the quarter that ended in Nov. 2014 was 7.54%. Total Assets is also linked to revenue through asset turnover. Walgreen Co's asset turnover for the quarter that ended in Nov. 2014 was 0.46.


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.

Walgreen Co's Total Assets for the fiscal year that ended in Aug. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=12242+(12257+2359+10324)
=37,182

Total Assets=Total Shareholder’s Equity (A: Aug. 2014 )+Total Liabilities (A: Aug. 2014 )
=20561+16621
=37,182

Walgreen Co's Total Assets for the quarter that ended in Nov. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=23280+(12103+2356+10873)
=48,612

Total Assets=Total Shareholder’s Equity (Q: Nov. 2014 )+Total Liabilities (Q: Nov. 2014 )
=20767+27845
=48,612

* 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.

Walgreen Co's annualized Return on Assets (ROA) for the quarter that ended in Nov. 2014 is

ROA=Net Income (Q: Nov. 2014 )/( (Total Assets (Q: Aug. 2014 )+Total Assets (Q: Nov. 2014 ))/ 2 )
=3236/( (37182+48612)/ 2 )
=3236/42897
=7.54 %

Note: The Net Income data used here is four times the quarterly (Nov. 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.

Walgreen Co's Asset Turnover for the quarter that ended in Nov. 2014 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Nov. 2014 )/( (Total Assets (Q: Aug. 2014 )+Total Assets (Q: Nov. 2014 ))/ 2 )
=19554/( (37182+48612)/ 2 )
=19554/42897
=0.46

* 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.

Walgreen Co Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
Total Assets 14,60917,13119,31422,41025,14226,27527,45433,46235,48137,182

Walgreen Co Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
Total Assets 33,46235,25935,56435,84135,48136,48137,08137,39137,18248,612
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