Casella Waste Systems's Total Assets for the quarter that ended in Dec. 2023 was $2,535 Mil.
Warning Sign:
If a company builds assets at 22.7% a year, faster than its revenue growth rate of 9.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Casella Waste Systems's average Total Assets Growth Rate was 68.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 30.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 22.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.30% per year.
During the past 13 years, Casella Waste Systems's highest 3-Year average Total Assets Growth Rate was 87.00%. The lowest was -12.10%. And the median was 4.70%.
Casella Waste Systems Total Assets Historical Data
The historical data trend for Casella Waste Systems'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.
Casella Waste Systems's Total Assets for the fiscal year that ended in Dec. 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.
Casella Waste Systems (NAS:CWST) 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.
Casella Waste Systems'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.
Casella Waste Systems Total Assets Related Terms
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Casella Waste Systems (Casella Waste Systems) Business Description
Casella Waste Systems Inc is a solid waste removal company, providing resource management services to residential, commercial, municipal, and industrial customers in the Northeastern United States. The company's reportable segments on Geographical basis include Eastern and Western regions as well as the Resource solution segment. It generates maximum revenue from the Western region segment. The company services include Recycling, Collection, Organics, Energy, Landfills, Special Waste as well as Professional Services.
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