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NextGen Healthcare's Total Assets for the quarter that ended in Sep. 2023 was $857.8 Mil.
Warning Sign:
If a company builds assets at 5.5% a year, faster than its revenue growth rate of 2.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, NextGen Healthcare's average Total Assets Growth Rate was 18.20% per year. During the past 3 years, the average Total Assets Growth Rate was 4.20% per year. During the past 5 years, the average Total Assets Growth Rate was 5.50% per year. During the past 10 years, the average Total Assets Growth Rate was 7.30% per year.
During the past 13 years, NextGen Healthcare's highest 3-Year average Total Assets Growth Rate was 55.50%. The lowest was -11.60%. And the median was 12.20%.
Total Assets is connected with ROA %. NextGen Healthcare's annualized ROA % for the quarter that ended in Sep. 2023 was 2.34%. Total Assets is also linked to Revenue through Asset Turnover. NextGen Healthcare's Asset Turnover for the quarter that ended in Sep. 2023 was 0.20.
The historical data trend for NextGen Healthcare'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.
NextGen Healthcare Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 532.90 | 720.12 | 644.49 | 627.67 | 896.10 |
NextGen Healthcare Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Total Assets | Get a 7-Day Free Trial | 627.14 | 871.02 | 896.10 | 868.47 | 857.75 |
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.
NextGen Healthcare's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as
Total Assets | = | Total Equity (A: Mar. 2023 ) | + | Total Liabilities (A: Mar. 2023 ) |
= | 400.435 | + | 495.666 | |
= | 896.1 |
NextGen Healthcare's Total Assets for the quarter that ended in Sep. 2023 is calculated as
Total Assets | = | Total Equity (Q: Sep. 2023 ) | + | Total Liabilities (Q: Sep. 2023 ) |
= | 423.275 | + | 434.475 | |
= | 857.8 |
* 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.
NextGen Healthcare (NAS:NXGN) Total Assets Explanation
Total Assets is connected with ROA %.
NextGen Healthcare's annualized ROA % for the quarter that ended in Sep. 2023 is
ROA % | = | Net Income (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 20.22 | / | ( (868.469 | + | 857.75) | / 2 ) | |
= | 20.22 | / | 863.1095 | ||||
= | 2.34 % |
Note: The Net Income data used here is four times the quarterly (Sep. 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.
NextGen Healthcare's Asset Turnover for the quarter that ended in Sep. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 176.418 | / | ( (868.469 | + | 857.75) | / 2 ) |
= | 176.418 | / | 863.1095 | |||
= | 0.20 |
* 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.
Thank you for viewing the detailed overview of NextGen Healthcare's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Three Prong Investments, Llc | 10 percent owner | 1695 VIKING RD, LAGUNA BEACH CA 92651 |
David A Metcalfe | officer: Chief Technology Officer | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Mitchell Waters | officer: EVP, Commercial Growth | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Craig A. Barbarosh | director | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
David Ahmadzai | officer: Chief Accounting Officer | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Donna Cullen Greene | officer: EVP, Human Resources | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Srinivas S Velamoor | officer: EVP, Business Development | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
David William Sides | officer: President and CEO | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Arnold James Robert Jr. | officer: Chief Financial Officer | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Darnell Dent | director | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Pamela Puryear | director | 253 DOLPHIN COVE QUAY, STAMFORD CT 06902 |
Geraldine Mcginty | director | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Lonnie Allen Plunk | officer: EVP, Operations | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
John R Frantz | officer: CEO and President | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Lance Rosenzweig | director | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
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