Pure Cycle's Total Assets for the quarter that ended in Feb. 2024 was $135.23 Mil.
Warning Sign:
If a company builds assets at 14.5% a year, faster than its revenue growth rate of 10.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Pure Cycle's average Total Assets Growth Rate was 11.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.70% per year.
During the past 13 years, Pure Cycle's highest 3-Year average Total Assets Growth Rate was 74.60%. The lowest was -30.90%. And the median was 1.40%.
The historical data trend for Pure Cycle'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.
Pure Cycle's Total Assets for the fiscal year that ended in Aug. 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.
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.
Pure Cycle's Asset Turnover for the quarter that ended in Feb. 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.
Pure Cycle Total Assets Related Terms
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Pure Cycle Corp is a diversified land and water resource development company. It designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in two business segments namely Water and wastewater resource development and Land development. It generates maximum revenue from the Land development segment. The company's services include water production, storage, treatment, bulk transmission to retail distribution systems, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing, and collection. The land resource development segment includes all the activities necessary to develop and sell finished lots.
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