Freightways Group (Freightways Group) Total Assets : $884.9 Mil (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Freightways Group Total Assets?

Freightways Group's Total Assets for the quarter that ended in Dec. 2023 was $884.9 Mil.

Warning Sign:

If a company builds assets at 18.4% a year, faster than its revenue growth rate of 8.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Freightways Group's average Total Assets Growth Rate was 30.40% per year. During the past 3 years, the average Total Assets Growth Rate was 23.20% per year. During the past 5 years, the average Total Assets Growth Rate was 18.40% per year. During the past 10 years, the average Total Assets Growth Rate was 10.50% per year.

During the past 13 years, Freightways Group's highest 3-Year average Total Assets Growth Rate was 24.80%. The lowest was 3.20%. And the median was 5.10%.

Total Assets is connected with ROA %. Freightways Group's annualized ROA % for the quarter that ended in Dec. 2023 was 5.74%. Total Assets is also linked to Revenue through Asset Turnover. Freightways Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.44.

Freightways Group Total Assets Historical Data

The historical data trend for Freightways Group'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.

* Premium members only.

Freightways Group Total Assets Chart

Freightways Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Total Assets

Get a 7-Day Free Trial

389.10

385.91

677.25

742.25

691.60

Freightways Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Total Assets	Get a 7-Day Free Trial															742.25	728.93	691.60	884.91	884.95

Freightways Group 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.

Freightways Group's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (A: Jun. 2022 )	+	Total Liabilities (A: Jun. 2022 )
	=	226.565	+	465.038
	=	691.6

Freightways Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	304.711	+	580.236
	=	884.9

Freightways Group (OTCPK:FTWYF) Total Assets Explanation

Total Assets is connected with ROA %.

Freightways Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	50.78	/	( (884.91	+	884.947)	/ 2 )
	=	50.78	/	884.9285
	=	5.74 %

Note: The Net Income data used here is two times the semi-annual (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.

Freightways Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	386.243	/	( (884.91	+	884.947)	/ 2 )
=	386.243	/	884.9285
=	0.44

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.

Freightways Group Total Assets Related Terms

Thank you for viewing the detailed overview of Freightways Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Freightways Group (Freightways Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightways Group Ltd (OTCPK:FTWYF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FRW:New Zealand FRW:Australia

Address

32 Botha Road, Penrose, Auckland, NTL, NZL, DX CX10120

Website

https://www.freightways.co.nz

Freightways Ltd is a provider of express package services throughout New Zealand. The company is organized into three reportable segments: Express Package and Business Mail, Information Management and Corporate and others. The Express Package and Business Mail segment cover network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.

Freightways Group (Freightways Group) Headlines

From GuruFocus

David Herro Comments on Freightways

By Sydnee Gatewood Sydnee Gatewood • 01-11-2021