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BHP Billiton Ltd (NYSE:BHP)
Total Assets
$151,413 Mil (As of Jun. 2014)

BHP Billiton Ltd's total assets for the quarter that ended in Jun. 2014 was $151,413 Mil.

Warning Sign:

If a company builds asset at 16.8% a year, faster than its revenue growth rate of 5% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, BHP Billiton Ltd's average Total Assets Growth Rate was 7.80% per year. During the past 3 years, the average Total Assets Growth Rate was 20.40% per year. During the past 5 years, the average Total Assets Growth Rate was 16.80% per year. During the past 10 years, the average Total Assets Growth Rate was 12.00% per year.

During the past 13 years, BHP Billiton Ltd's highest 3-Year average Total Assets Growth Rate was 20.40%. The lowest was -8.20%. And the median was 11.50%.

Total Assets is connected with Return on Assets (ROA). BHP Billiton Ltd's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2014 was 7.57%. Total Assets is also linked to revenue through asset turnover. BHP Billiton Ltd's asset turnover for the quarter that ended in Jun. 2014 was 0.22.


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.

BHP Billiton Ltd's Total Assets for the fiscal year that ended in Jun. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=22296+(108787+5439+14891)
=151,413

Total Assets=Total Shareholder’s Equity (A: Jun. 2014 )+Total Liabilities (A: Jun. 2014 )
=79143+72270
=151,413

BHP Billiton Ltd's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=22296+(108787+5439+14891)
=151,413

Total Assets=Total Shareholder’s Equity (Q: Jun. 2014 )+Total Liabilities (Q: Jun. 2014 )
=79143+72270
=151,413

* 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.

BHP Billiton Ltd's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2014 is

ROA=Net Income (Q: Jun. 2014 )/( (Total Assets (Q: Dec. 2013 )+Total Assets (Q: Jun. 2014 ))/ 2 )
=11450/( (151015+151413)/ 2 )
=11450/151214
=7.57 %

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

BHP Billiton Ltd's Asset Turnover for the quarter that ended in Jun. 2014 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Jun. 2014 )/( (Total Assets (Q: Dec. 2013 )+Total Assets (Q: Jun. 2014 ))/ 2 )
=33258/( (151015+151413)/ 2 )
=33258/151214
=0.22

* 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.

BHP Billiton Ltd Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
Total Assets 41,84348,51661,40476,00878,77088,852102,891129,273139,178151,413

BHP Billiton Ltd Semi-Annual Data

Dec09Jun10Dec10Jun11Dec11Jun12Dec12Jun13Dec13Jun14
Total Assets 81,55388,85298,272102,891123,967129,273133,685139,178151,015151,413
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