Spirent Communications (Spirent Communications) Total Assets : $583.8 Mil (As of Dec. 2023)

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What is Spirent Communications Total Assets?

Spirent Communications's Total Assets for the quarter that ended in Dec. 2023 was $583.8 Mil.

Warning Sign:

If a company builds assets at 5.7% a year, faster than its revenue growth rate of 3.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Spirent Communications's average Total Assets Growth Rate was -7.70% per year. During the past 3 years, the average Total Assets Growth Rate was 7.30% per year. During the past 5 years, the average Total Assets Growth Rate was 5.70% per year. During the past 10 years, the average Total Assets Growth Rate was 3.30% per year.

During the past 13 years, Spirent Communications's highest 3-Year average Total Assets Growth Rate was 98.70%. The lowest was -46.30%. And the median was 7.35%.

Total Assets is connected with ROA %. Spirent Communications's annualized ROA % for the quarter that ended in Dec. 2023 was 6.76%. Total Assets is also linked to Revenue through Asset Turnover. Spirent Communications's Asset Turnover for the quarter that ended in Dec. 2023 was 0.42.

Spirent Communications Total Assets Historical Data

The historical data trend for Spirent Communications'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.

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Spirent Communications Total Assets Chart

Spirent Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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604.70

649.80

691.30

705.30

583.80

Spirent Communications Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															691.30	680.80	705.30	600.00	583.80

Spirent Communications 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.

Spirent Communications's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	375.8	+	208
	=	583.8

Spirent Communications'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 )
	=	375.8	+	208
	=	583.8

Spirent Communications (OTCPK:SPMYY) Total Assets Explanation

Total Assets is connected with ROA %.

Spirent Communications's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	40	/	( (600	+	583.8)	/ 2 )
	=	40	/	591.9
	=	6.76 %

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.

Spirent Communications's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	250.4	/	( (600	+	583.8)	/ 2 )
=	250.4	/	591.9
=	0.42

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.

Spirent Communications Total Assets Related Terms

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Spirent Communications (Spirent Communications) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Spirent Communications PLC (OTCPK:SPMYY) » Definitions » Total Assets

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SPNUF:USA SPTl:UK SPT:UK BW8:Germany

Address

108 High Street, Origin One, Crawley, West Sussex, GBR, RH10 1BD

Website

https://corporate.spirent.com

Spirent Communications PLC provides communications technologies including networks, data centers, enterprise IT, mobile communications, connected vehicles or the Internet of Things. The company operates in Networks and Security and Lifecycle Service Assurance segments. The majority of the revenue is derived from the Networks and Security segment that comprises Cloud IP, Application Security and Positioning lines of business with the aim of addressing the needs of the lab test market for Ethernet, Virtual, Data Center, applications test and timing for critical infrastructure.