Astec Industries's Total Assets for the quarter that ended in Dec. 2023 was $1,059 Mil.
Warning Sign:
If a company builds assets at 5.1% a year, faster than its revenue growth rate of 2.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Astec Industries's average Total Assets Growth Rate was 4.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 2.10% per year.
During the past 13 years, Astec Industries's highest 3-Year average Total Assets Growth Rate was 56.10%. The lowest was -12.40%. And the median was 5.80%.
Total Assets is connected with ROA %. Astec Industries's annualizedROA % for the quarter that ended in Dec. 2023 was 5.59%. Total Assets is also linked to Revenue through Asset Turnover. Astec Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.
Astec Industries Total Assets Historical Data
The historical data trend for Astec Industries's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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.
Astec Industries's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Astec Industries (NAS:ASTE) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) 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.
Astec Industries's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Astec Industries Total Assets Related Terms
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Astec Industries (Astec Industries) Business Description
Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
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