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Red Hat, Inc. (NYSE:RHT)
Total Assets
$3,107 Mil (As of Feb. 2014)

Red Hat, Inc.'s total assets for the quarter that ended in Feb. 2014 was $3,107 Mil.

During the past 12 months, Red Hat, Inc.'s average Total Assets Growth Rate was 6.20% per year. During the past 3 years, the average Total Assets Growth Rate was 20.30% per year. During the past 5 years, the average Total Assets Growth Rate was 16.90% per year. During the past 10 years, the average Total Assets Growth Rate was 14.70% per year.

During the past 13 years, Red Hat, Inc.'s highest 3-Year average Total Assets Growth Rate was 190.10%. The lowest was 6.90%. And the median was 20.30%.

Total Assets is connected with Return on Assets (ROA). Red Hat, Inc.'s annualized Return on Assets (ROA) for the quarter that ended in Feb. 2014 was 5.80%. Total Assets is also linked to revenue through asset turnover. Red Hat, Inc.'s asset turnover for the quarter that ended in Feb. 2014 was 0.13.


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.

Red Hat, Inc.'s Total Assets for the fiscal year that ended in Feb. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=1571.182+(173.917+820.829+540.691)
=3,107

Total Assets=Total Shareholder’s Equity (A: Feb. 2014 )+Total Liabilities (A: Feb. 2014 )
=1551.165+1555.454
=3,107

Red Hat, Inc.'s Total Assets for the quarter that ended in Feb. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=1571.182+(173.917+820.829+540.691)
=3,107

Total Assets=Total Shareholder’s Equity (Q: Feb. 2014 )+Total Liabilities (Q: Feb. 2014 )
=1551.165+1555.454
=3,107

* 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.

Red Hat, Inc.'s annualized Return on Assets (ROA) for the quarter that ended in Feb. 2014 is

Return on Assets (ROA)=Net Income (Q: Feb. 2014 )/Total Assets (Q: Feb. 2014 )
=180.276/3106.619
=5.80 %

Note: The Net Income data used here is four times the quarterly (Feb. 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.

Red Hat, Inc.'s Asset Turnover for the quarter that ended in Feb. 2014 is

Asset Turnover=Total Sales/Total Assets
=Revenue (Q: Feb. 2014 )/Total Assets (Q: Feb. 2014 )
=400.397/3106.619
=0.13

* 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.

Red Hat, Inc. Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
Total Assets 1,1341,3141,7862,0801,7541,8712,1992,4912,8143,107

Red Hat, Inc. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
Total Assets 2,3802,4912,4852,6062,6622,8142,6552,7402,8513,107
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