4.34(1.59%) Volume: 83,843,927 3:00PM EST| Market Cap : 1.18 T | Enterprise Value : 1.18 T | P/E (TTM) : 21.28 | P/B : 13.17 |
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Apple's total assets for the quarter that ended in Dec. 2019 was $340,618 Mil.
During the past 12 months, Apple's average Total Assets Growth Rate was -18.70% per year. During the past 3 years, the average Total Assets Growth Rate was -2.20% per year. During the past 5 years, the average Total Assets Growth Rate was 4.20% per year. During the past 10 years, the average Total Assets Growth Rate was 24.10% per year.
During the past 13 years, Apple's highest 3-Year average Total Assets Growth Rate was 86.00%. The lowest was 0.00%. And the median was 17.30%.
Total Assets is connected with ROA %. Apple's annualized ROA % for the quarter that ended in Dec. 2019 was 26.19%. Total Assets is also linked to Revenue through Asset Turnover. Apple's Asset Turnover for the quarter that ended in Dec. 2019 was 0.27.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| Apple Quarterly Data | ||||||||||||||||||||
| Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | |
| Total Assets |
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373,719.00 | 341,998.00 | 322,239.00 | 338,516.00 | 340,618.00 |
* The bar in red indicates where Apple's Total Assets falls into.
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.
Apple's Total Assets for the fiscal year that ended in Sep. 2019 is calculated as
| Total Assets | = | Total Current Assets | + | Total Long Term Assets | ||||
| = | Total Current Assets | + | (Property, Plant and Equipment | + | Intangible Assets | + | Other Long Term Assets) | |
| = | 162819 | + | (37378 | + | 0 | + | 32978) | |
| = | 233,175 |
| Total Assets | = | Total Stockholders Equity (A: Sep. 2019 ) | + | Total Liabilities (A: Sep. 2019 ) |
| = | 90488 | + | 248028 | |
| = | 338,516 |
Apple's Total Assets for the quarter that ended in Dec. 2019 is calculated as
| Total Assets | = | Total Current Assets | + | Total Long Term Assets | ||||
| = | Total Current Assets | + | (Property, Plant and Equipment | + | Intangible Assets | + | Other Long Term Assets) | |
| = | 163231 | + | (37031 | + | 0 | + | 40457) | |
| = | 240,719 |
| Total Assets | = | Total Stockholders Equity (Q: Dec. 2019 ) | + | Total Liabilities (Q: Dec. 2019 ) |
| = | 89531 | + | 251087 | |
| = | 340,618 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Total Assets is connected with Return on Assets.
{COMPANY->company}'s annualized ROA % for the quarter that ended in Dec. 2019 is
| ROA % | = | Net Income (Q: Dec. 2019 ) | / | ( (Total Assets (Q: Sep. 2019 ) | + | Total Assets (Q: Dec. 2019 )) | / 2 ) |
| = | 88944 | / | ( (338516 | + | 340618) | / 2 ) | |
| = | 88944 | / | 339567 | ||||
| = | 26.19 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2019) 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.
Apple's Asset Turnover for the quarter that ended in Dec. 2019 is
| Asset Turnover | ||||||
| = | Sales | / | Average Total Assets | |||
| = | Revenue (Q: Dec. 2019 ) | / | ( (Total Assets (Q: Sep. 2019 ) | + | Total Assets (Q: Dec. 2019 )) | / 2 ) |
| = | 91819 | / | ( (338516 | + | 340618) | / 2 ) |
| = | 91819 | / | 339567 | |||
| = | 0.27 |
* 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.
From GuruFocus
By Margaret Moran about AAPL 2020-02-27 16:29:45
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