J&J Snack Foods's Total Assets for the quarter that ended in Dec. 2023 was $1,293 Mil.
Warning Sign:
If a company builds assets at 10.3% a year, faster than its revenue growth rate of 5.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, J&J Snack Foods's average Total Assets Growth Rate was 6.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 7.70% per year.
During the past 13 years, J&J Snack Foods's highest 3-Year average Total Assets Growth Rate was 71.40%. The lowest was -2.60%. And the median was 9.70%.
Total Assets is connected with ROA %. J&J Snack Foods's annualizedROA % for the quarter that ended in Dec. 2023 was 2.27%. Total Assets is also linked to Revenue through Asset Turnover. J&J Snack Foods's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.
J&J Snack Foods Total Assets Historical Data
The historical data trend for J&J Snack Foods'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.
J&J Snack Foods'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.
J&J Snack Foods (NAS:JJSF) 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.
J&J Snack Foods'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.
J&J Snack Foods Total Assets Related Terms
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J&J Snack Foods (J&J Snack Foods) Business Description
J&J Snack Foods Corp manufactures, markets, and distributes snack foods and beverages to foodservice and retail supermarket outlets. The company's products include frozen beverages, juice, fruit bars, sorbet, cakes, and cookies that are distributed to various consumers, including restaurants, supermarkets, convenience stores, universities, theaters, and theme parks. The company operates in three business segments: food service, which sells snacks, desserts, and baked goods at the point-of-sale; retail supermarkets, which sells frozen and prepackaged products to supermarkets; and frozen beverages, which sells frozen beverages under brands Icee, Slush puppie, and Parrot ice in the United States, Mexico, and Canada.
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