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HRG Group Inc (NYSE:HRG)
Total Assets
$35,793 Mil (As of Sep. 2016)

HRG Group Inc's total assets for the quarter that ended in Sep. 2016 was $35,793 Mil.

During the past 12 months, HRG Group Inc's average Total Assets Growth Rate was 2.70% per year. During the past 3 years, the average Total Assets Growth Rate was 10.70% per year. During the past 5 years, the average Total Assets Growth Rate was 10.10% per year. During the past 10 years, the average Total Assets Growth Rate was 188.10% per year.

During the past 13 years, HRG Group Inc's highest 3-Year average Total Assets Growth Rate was 1281.50%. The lowest was -66.60%. And the median was 10.70%.

Total Assets is connected with Return on Assets (ROA). HRG Group Inc's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2016 was -0.04%. Total Assets is also linked to revenue through asset turnover. HRG Group Inc's asset turnover for the quarter that ended in Sep. 2016 was 0.04.


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.

HRG Group Inc's Total Assets for the fiscal year that ended in Sep. 2016 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=3444.6+(543.4+4850.9+26953.9)
=35,793

Total Assets=Total Shareholder’s Equity (A: Sep. 2016 )+Total Liabilities (A: Sep. 2016 )
=638.1+35154.7
=35,793

HRG Group Inc's Total Assets for the quarter that ended in Sep. 2016 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=3444.6+(543.4+4850.9+26953.9)
=35,793

Total Assets=Total Shareholder’s Equity (Q: Sep. 2016 )+Total Liabilities (Q: Sep. 2016 )
=638.1+35154.7
=35,793

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Total Assets is connected with Return on Assets.

HRG Group Inc's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2016 is

ROA=Net Income (Q: Sep. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Sep. 2016 ))/ 2 )
=-14.6/( (35810.8+35792.8)/ 2 )
=-14.6/35801.8
=-0.04 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2016) 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.

HRG Group Inc's Asset Turnover for the quarter that ended in Sep. 2016 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Sep. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Sep. 2016 ))/ 2 )
=1265.3/( (35810.8+35792.8)/ 2 )
=1265.3/35801.8
=0.04

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

HRG Group Inc Annual Data

Dec07Dec08Dec09Dec10Sep11Sep12Sep13Sep14Sep15Sep16
Total Assets 16516415348423,59125,20027,90930,10035,03235,793

HRG Group Inc Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Total Assets 29,88530,10031,20731,45532,97035,03235,03335,45535,81135,793
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