Mohawk Industries's Total Assets for the quarter that ended in Dec. 2023 was $13,560 Mil.
During the past 12 months, Mohawk Industries's average Total Assets Growth Rate was -4.00% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 0.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.30% per year.
During the past 13 years, Mohawk Industries's highest 3-Year average Total Assets Growth Rate was 96.20%. The lowest was -12.60%. And the median was 12.60%.
Total Assets is connected with ROA %. Mohawk Industries's annualizedROA % for the quarter that ended in Dec. 2023 was 4.18%. Total Assets is also linked to Revenue through Asset Turnover. Mohawk Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.
Mohawk Industries Total Assets Historical Data
The historical data trend for Mohawk Industries'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.
Mohawk Industries'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.
Mohawk Industries (NYSE:MHK) 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.
Mohawk Industries'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.
Mohawk Industries Total Assets Related Terms
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Mohawk Industries (Mohawk Industries) Business Description
Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
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