Ramsay Health Care's Total Assets for the quarter that ended in Dec. 2023 was A$20,638.10 Mil.
Warning Sign:
If a company builds assets at 18.4% a year, faster than its revenue growth rate of 4.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ramsay Health Care's average Total Assets Growth Rate was 1.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 7.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 18.80% per year.
During the past 13 years, Ramsay Health Care's highest 3-Year average Total Assets Growth Rate was 72.60%. The lowest was 2.00%. And the median was 14.10%.
The historical data trend for Ramsay Health Care'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.
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.
Ramsay Health Care'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.
Ramsay Health Care (ASX:RHCPA.PFD) Total Assets Explanation
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.
Ramsay Health Care'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.
Ramsay Health Care Total Assets Related Terms
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Ramsay Health Care (ASX:RHCPA.PFD) Business Description
Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.
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