PetMed Express's Total Assets for the quarter that ended in Dec. 2023 was $173.4 Mil.
During the past 12 months, PetMed Express's average Total Assets Growth Rate was 97.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 7.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 4.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.00% per year.
During the past 13 years, PetMed Express's highest 3-Year average Total Assets Growth Rate was 58.00%. The lowest was -13.20%. And the median was 8.40%.
Total Assets is connected with ROA %. PetMed Express's annualizedROA % for the quarter that ended in Dec. 2023 was -4.88%. Total Assets is also linked to Revenue through Asset Turnover. PetMed Express's Asset Turnover for the quarter that ended in Dec. 2023 was 0.39.
PetMed Express Total Assets Historical Data
The historical data trend for PetMed Express'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.
PetMed Express's Total Assets for the fiscal year that ended in Mar. 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.
PetMed Express (NAS:PETS) 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.
PetMed Express'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.
PetMed Express Total Assets Related Terms
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PetMed Express (PetMed Express) Business Description
PetMed Express Inc along with its subsidiaries is a nationwide pet pharmacy. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats, direct to the consumer. The company generates its revenue by selling pet medications and pet supplies primarily to retail consumers.
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