Oil-Dri of America's Total Assets for the quarter that ended in Jan. 2024 was $296.2 Mil.
Warning Sign:
If a company builds assets at 7.8% a year, faster than its revenue growth rate of 5.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Oil-Dri of America's average Total Assets Growth Rate was 10.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 4.70% per year.
During the past 13 years, Oil-Dri of America's highest 3-Year average Total Assets Growth Rate was 24.50%. The lowest was -5.40%. And the median was 5.00%.
Total Assets is connected with ROA %. Oil-Dri of America's annualizedROA % for the quarter that ended in Jan. 2024 was 16.93%. Total Assets is also linked to Revenue through Asset Turnover. Oil-Dri of America's Asset Turnover for the quarter that ended in Jan. 2024 was 0.36.
Oil-Dri of America Total Assets Historical Data
The historical data trend for Oil-Dri of America'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.
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Oil-Dri of America Annual Data
Trend
Jul14
Jul15
Jul16
Jul17
Jul18
Jul19
Jul20
Jul21
Jul22
Jul23
Total Assets
205.23
235.88
227.57
249.61
286.24
Oil-Dri of America Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Total Assets
256.04
270.30
286.24
288.77
296.15
Oil-Dri of America Total Assets Calculation
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.
Oil-Dri of America's Total Assets for the fiscal year that ended in Jul. 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.
Oil-Dri of America (NYSE:ODC) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Jan. 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.
Oil-Dri of America's Asset Turnover for the quarter that ended in Jan. 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.
Oil-Dri of America Total Assets Related Terms
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Oil-Dri of America (Oil-Dri of America) Business Description
Oil-Dri Corp of America develops, manufactures, and markets sorbent products made predominantly from clay. Its absorbent offerings, which draw liquid up, include cat litter, floor products, toxin control substances for livestock, and agricultural chemical carriers. The company has two segments based on the different characteristics of two primary customer groups namely Retail and Wholesale Products Group and Business to Business Products Group. The company's products are sold under various brands such as Cat's Pride, Jonny Cat, Amlan, Agsorb, Verge, Pure-Flo, and Ultra-Clear.
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