Forward Air's Total Assets for the quarter that ended in Dec. 2023 was $2,980 Mil.
Warning Sign:
If a company builds assets at 24.1% a year, faster than its revenue growth rate of 8.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Forward Air's average Total Assets Growth Rate was 145.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 41.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 24.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 15.80% per year.
During the past 13 years, Forward Air's highest 3-Year average Total Assets Growth Rate was 41.60%. The lowest was -15.80%. And the median was 13.40%.
Total Assets is connected with ROA %. Forward Air's annualizedROA % for the quarter that ended in Dec. 2023 was 19.52%. Total Assets is also linked to Revenue through Asset Turnover. Forward Air's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.
Forward Air Total Assets Historical Data
The historical data trend for Forward Air'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.
Forward Air'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.
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.
Forward Air'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.
Forward Air Total Assets Related Terms
Thank you for viewing the detailed overview of Forward Air's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. It generates maximum revenue from the Expedited Freight segment. Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.
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