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GuruFocus has detected 6 Warning Signs with Sturm Ruger & Co Inc $RGR.
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Sturm Ruger & Co Inc (NYSE:RGR)
Total Assets
USD 304.1 Mil (As of Mar. 2017)

Sturm Ruger & Co Inc's total assets for the quarter that ended in Mar. 2017 was USD 304.1 Mil.

Warning Sign:

If a company builds asset at 17.1% a year, faster than its revenue growth rate of 11.1% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Sturm Ruger & Co Inc's average Total Assets Growth Rate was 9.80% per year. During the past 3 years, the average Total Assets Growth Rate was 6.50% per year. During the past 5 years, the average Total Assets Growth Rate was 17.10% per year. During the past 10 years, the average Total Assets Growth Rate was 16.00% per year.

During the past 13 years, Sturm Ruger & Co Inc's highest 3-Year average Total Assets Growth Rate was 30.40%. The lowest was -16.60%. And the median was 6.50%.

Total Assets is connected with Return on Assets (ROA). Sturm Ruger & Co Inc's annualized Return on Assets (ROA) for the quarter that ended in Mar. 2017 was 26.96%. Total Assets is also linked to revenue through asset turnover. Sturm Ruger & Co Inc's asset turnover for the quarter that ended in Mar. 2017 was 0.51.


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.

Sturm Ruger & Co Inc's Total Assets for the fiscal year that ended in Dec. 2016 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=223.622+(104.241+2.61+24.931)
=355.4

Total Assets=Total Shareholder’s Equity (A: Dec. 2016 )+Total Liabilities (A: Dec. 2016 )
=265.9+89.504
=355.4

Sturm Ruger & Co Inc's Total Assets for the quarter that ended in Mar. 2017 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=170.899+(102.203+0+31.029)
=304.1

Total Assets=Total Shareholder’s Equity (Q: Mar. 2017 )+Total Liabilities (Q: Mar. 2017 )
=225.024+79.107
=304.1

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Total Assets is connected with Return on Assets.

Sturm Ruger & Co Inc's annualized Return on Assets (ROA) for the quarter that ended in Mar. 2017 is

ROA=Net Income (Q: Mar. 2017 )/( (Total Assets (Q: Dec. 2016 )+Total Assets (Q: Mar. 2017 ))/ 2 )
=88.896/( (355.404+304.131)/ 2 )
=88.896/329.7675
=26.96 %

Note: The Net Income data used here is four times the quarterly (Mar. 2017) 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.

Sturm Ruger & Co Inc's Asset Turnover for the quarter that ended in Mar. 2017 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Mar. 2017 )/( (Total Assets (Q: Dec. 2016 )+Total Assets (Q: Mar. 2017 ))/ 2 )
=167.355/( (355.404+304.131)/ 2 )
=167.355/329.7675
=0.51

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Sturm Ruger & Co Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Total Assets 101.9112.8141.7157.8206.5174.5277.1254.4315.9355.4

Sturm Ruger & Co Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Total Assets 254.4267.6291.7293.1315.9325.4343.7360.9355.4304.1
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