What is Applied Industrial Technologies Total Assets?
Applied Industrial Technologies's Total Assets for the quarter that ended in Dec. 2023 was $2,783 Mil.
During the past 12 months, Applied Industrial Technologies's average Total Assets Growth Rate was 0.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 1.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.00% per year.
During the past 13 years, Applied Industrial Technologies's highest 3-Year average Total Assets Growth Rate was 23.00%. The lowest was -6.00%. And the median was 6.00%.
Total Assets is connected with ROA %. Applied Industrial Technologies's annualizedROA % for the quarter that ended in Dec. 2023 was 13.19%. Total Assets is also linked to Revenue through Asset Turnover. Applied Industrial Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.39.
Applied Industrial Technologies Total Assets Historical Data
The historical data trend for Applied Industrial Technologies'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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Applied Industrial Technologies Total Assets Chart
Applied Industrial Technologies 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.
Applied Industrial Technologies's Total Assets for the fiscal year that ended in Jun. 2023 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.
Applied Industrial Technologies (NYSE:AIT) Total Assets Explanation
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.
Applied Industrial Technologies's Asset Turnover for the quarter that ended in Dec. 2023 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.
Applied Industrial Technologies Total Assets Related Terms
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Applied Industrial Technologies (Applied Industrial Technologies) Business Description
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.
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