Ingles Markets's Total Assets for the quarter that ended in Mar. 2024 was $2,486 Mil.
During the past 12 months, Ingles Markets's average Total Assets Growth Rate was 4.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 4.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 3.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 2.70% per year.
During the past 13 years, Ingles Markets's highest 3-Year average Total Assets Growth Rate was 16.80%. The lowest was 0.20%. And the median was 4.30%.
The historical data trend for Ingles Markets'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.
Ingles Markets's Total Assets for the fiscal year that ended in Sep. 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.
Ingles Markets (NAS:IMKTA) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) 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.
Ingles Markets's Asset Turnover for the quarter that ended in Mar. 2024 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.
Ingles Markets Total Assets Related Terms
Thank you for viewing the detailed overview of Ingles Markets's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Ingles Markets (Ingles Markets) Business Description
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
IMKTA has been successfully added to your 