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Northeast Utilities (NYSE:NU)
Total Assets
$27,790 Mil (As of Jun. 2014)

Northeast Utilities's total assets for the quarter that ended in Jun. 2014 was $27,790 Mil.

During the past 12 months, Northeast Utilities's average Total Assets Growth Rate was -1.80% per year. During the past 3 years, the average Total Assets Growth Rate was 24.50% per year. During the past 5 years, the average Total Assets Growth Rate was 22.80% per year. During the past 10 years, the average Total Assets Growth Rate was 10.30% per year.

During the past 13 years, Northeast Utilities's highest 3-Year average Total Assets Growth Rate was 26.50%. The lowest was -3.70%. And the median was 3.70%.

Total Assets is connected with Return on Assets (ROA). Northeast Utilities's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2014 was 1.82%. Total Assets is also linked to revenue through asset turnover. Northeast Utilities's asset turnover for the quarter that ended in Jun. 2014 was 0.06.


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.

Northeast Utilities's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=2087.049+(17576.186+3519.401+4612.901)
=27,796

Total Assets=Total Shareholder’s Equity (A: Dec. 2013 )+Total Liabilities (A: Dec. 2013 )
=9611.528+18184.009
=27,796

Northeast Utilities's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=2068.475+(17978.692+3519.401+4223.877)
=27,790

Total Assets=Total Shareholder’s Equity (Q: Jun. 2014 )+Total Liabilities (Q: Jun. 2014 )
=9753.807+18036.638
=27,790

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Total Assets is connected with Return on Assets.

Northeast Utilities's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2014 is

ROA=Net Income (Q: Jun. 2014 )/( (Total Assets (Q: Mar. 2014 )+Total Assets (Q: Jun. 2014 ))/ 2 )
=509.468/( (28096.87+27790.445)/ 2 )
=509.468/27943.6575
=1.82 %

Note: The Net Income data used here is four times the quarterly (Jun. 2014) 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.

Northeast Utilities's Asset Turnover for the quarter that ended in Jun. 2014 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Jun. 2014 )/( (Total Assets (Q: Mar. 2014 )+Total Assets (Q: Jun. 2014 ))/ 2 )
=1677.614/( (28096.87+27790.445)/ 2 )
=1677.614/27943.6575
=0.06

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Northeast Utilities Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Total Assets 11,65612,56811,30311,58213,98814,05814,47315,64728,30327,796

Northeast Utilities Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Total Assets 15,97827,50627,75828,30328,32928,19728,44427,79628,09727,790
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