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Lindsay's Total Assets for the quarter that ended in Feb. 2024 was $765.3 Mil.
Warning Sign:
If a company builds assets at 12.8% a year, faster than its revenue growth rate of 7.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Lindsay's average Total Assets Growth Rate was 2.00% per year. During the past 3 years, the average Total Assets Growth Rate was 10.50% per year. During the past 5 years, the average Total Assets Growth Rate was 12.80% per year. During the past 10 years, the average Total Assets Growth Rate was 4.90% per year.
During the past 13 years, Lindsay's highest 3-Year average Total Assets Growth Rate was 54.00%. The lowest was -12.40%. And the median was 8.90%.
Total Assets is connected with ROA %. Lindsay's annualized ROA % for the quarter that ended in Feb. 2024 was 9.48%. Total Assets is also linked to Revenue through Asset Turnover. Lindsay's Asset Turnover for the quarter that ended in Feb. 2024 was 0.20.
The historical data trend for Lindsay'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.
Lindsay Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Total Assets | Get a 7-Day Free Trial |
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500.31 | 570.53 | 637.19 | 710.65 | 745.66 |
Lindsay Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Total Assets | Get a 7-Day Free Trial |
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709.08 | 723.62 | 745.66 | 763.92 | 765.28 |
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.
Lindsay's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as
Total Assets | = | Total Equity (A: Aug. 2023 ) | + | Total Liabilities (A: Aug. 2023 ) |
= | 455.651 | + | 290.009 | |
= | 745.7 |
Lindsay's Total Assets for the quarter that ended in Feb. 2024 is calculated as
Total Assets | = | Total Equity (Q: Feb. 2024 ) | + | Total Liabilities (Q: Feb. 2024 ) |
= | 483.034 | + | 282.246 | |
= | 765.3 |
* 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.
Lindsay (NYSE:LNN) Total Assets Explanation
Total Assets is connected with ROA %.
Lindsay's annualized ROA % for the quarter that ended in Feb. 2024 is
ROA % | = | Net Income (Q: Feb. 2024 ) | / | ( (Total Assets (Q: Nov. 2023 ) | + | Total Assets (Q: Feb. 2024 )) | / count ) |
= | 72.492 | / | ( (763.918 | + | 765.28) | / 2 ) | |
= | 72.492 | / | 764.599 | ||||
= | 9.48 % |
Note: The Net Income data used here is four times the quarterly (Feb. 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.
Lindsay's Asset Turnover for the quarter that ended in Feb. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Feb. 2024 ) | / | ( (Total Assets (Q: Nov. 2023 ) | + | Total Assets (Q: Feb. 2024 )) | / count ) |
= | 151.519 | / | ( (763.918 | + | 765.28) | / 2 ) |
= | 151.519 | / | 764.599 | |||
= | 0.20 |
* 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.
Thank you for viewing the detailed overview of Lindsay's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Si Pablo Di | director | 18135 BURKE ST., SUITE 100, OMAHA NE 68022 |
James Scott Marion | officer: President - Infrastructure Div | 2222 NORTH 111TH ST, OMAHA NE 68164 |
Michael Nahl | director | 2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164 |
Ibrahim Gokcen | director | 18135 BURKE ST., SUITE 100, OMAHA NE 68022 |
Michael Christodolou | director | 2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164 |
Gustavo E Oberto | officer: President - Irrigation | 18135 BURKE ST., SUITE 100, OMAHA NE 68022 |
Michael D Walter | director | ONE CONAGRA DRIVE, OMAHA NE 68102 |
Randy A Wood | officer: Pres - Agricultural Irrigation | 2222 N 111TH STREET, OMAHA NE 68164 |
Mary A Lindsey | director | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Bill Welsh | director | 2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164 |
Madere Consuelo E. | director | 800 N. LINDBERGH BLVD., ST. LOUIS MO 63167 |
David B Downing | officer: Vice President & CFO | 2707 N. 108TH ST., SUITE 102, OMAHA NE 68164 |
Timothy L Hassinger | director, officer: President and CEO | 2222 NORTH 111TH ST, OMAHA NE 68164 |
Rick Parod | officer: President & CEO | 2707 N 108TH STREET STE102, OMAHA NE 68164 |
Brian L Ketcham | officer: Vice President and CFO | 2222 N 111TH STREET, OMAHA NE 68164 |
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