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Target Hospitality's Total Assets for the quarter that ended in Dec. 2023 was $694.4 Mil.
During the past 12 months, Target Hospitality's average Total Assets Growth Rate was 0.10% per year. During the past 3 years, the average Total Assets Growth Rate was 3.80% per year. During the past 5 years, the average Total Assets Growth Rate was 0.70% per year.
During the past 7 years, Target Hospitality's highest 3-Year average Total Assets Growth Rate was 1196.40%. The lowest was -3.90%. And the median was 1.80%.
Total Assets is connected with ROA %. Target Hospitality's annualized ROA % for the quarter that ended in Dec. 2023 was 21.77%. Total Assets is also linked to Revenue through Asset Turnover. Target Hospitality's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.
The historical data trend for Target Hospitality'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.
Target Hospitality Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Total Assets | Get a 7-Day Free Trial | 600.79 | 534.24 | 513.39 | 771.73 | 694.35 |
Target Hospitality Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 771.73 | 649.62 | 665.97 | 696.52 | 694.35 |
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.
Target Hospitality'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 ) |
= | 377.307 | + | 317.046 | |
= | 694.4 |
Target Hospitality'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 ) |
= | 377.307 | + | 317.046 | |
= | 694.4 |
* 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.
Target Hospitality (NAS:TH) Total Assets Explanation
Total Assets is connected with ROA %.
Target Hospitality's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 151.372 | / | ( (696.524 | + | 694.353) | / 2 ) | |
= | 151.372 | / | 695.4385 | ||||
= | 21.77 % |
Note: The Net Income data used here is four times the quarterly (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.
Target Hospitality's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 126.22 | / | ( (696.524 | + | 694.353) | / 2 ) |
= | 126.22 | / | 695.4385 | |||
= | 0.18 |
* 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 Target Hospitality's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Eric Kalamaras | officer: EVP and CFO | ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119 |
Troy C. Schenk | officer: Chief Commercial Officer | C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380 |
Jason Paul Vlacich | officer: Chief Accounting Officer | C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380 |
Alejandro Hernandez | director | 12500 BALTIMORE AVENUE, BELTSVILLE MD 20750 |
James B. Archer | director, officer: President and CEO | C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380 |
Jeffrey Sagansky | director | 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401 |
Pamela H. Patenaude | director | 26642 TOWNE CENTRE DRIVE, C/O LOANDEPOT, INC., FOOTHILL RANCH CA 92610 |
Tdr Capital Ii Investments Lp | 10 percent owner | 20 BENTINCK STREET, LONDON X0 W1U 2EU |
Manjit Dale | 10 percent owner | C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU |
Capital Llp Tdr | 10 percent owner | 20 BENTINCK STREET, LONDON X0 W1U 2EU |
Stephen Robertson | director, 10 percent owner | 20 BENTINCK STREET, LONDON X0 W1U 2EU |
Arrow Holdings S.a.r.l. | 10 percent owner | 20 RUE EUGENE RUPPERT, LUXEMBOURG N4 L-2453 |
Modulaire Holding S.a.r.l. | 10 percent owner | 20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453 |
Mfa Global S.a.r.l. | 10 percent owner | 20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453 |
Mfa Limited Partnership Slp | 10 percent owner | 20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453 |
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