Pick N Pay Stores's Total Assets for the quarter that ended in Feb. 2024 was R46,513 Mil.
Warning Sign:
If a company builds assets at 6.7% a year, faster than its revenue growth rate of 5.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Pick N Pay Stores's average Total Assets Growth Rate was 1.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.50% per year.
During the past 13 years, Pick N Pay Stores's highest 3-Year average Total Assets Growth Rate was 29.20%. The lowest was 2.90%. And the median was 9.40%.
The historical data trend for Pick N Pay Stores'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.
Pick N Pay Stores's Total Assets for the fiscal year that ended in Feb. 2024 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.
Pick N Pay Stores (JSE:PIK) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (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.
Pick N Pay Stores'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.
Pick N Pay Stores Total Assets Related Terms
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Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.
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