Genuine Parts Co's Total Assets for the quarter that ended in Mar. 2024 was $18,337 Mil.
During the past 12 months, Genuine Parts Co's average Total Assets Growth Rate was 6.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.80% per year.
During the past 13 years, Genuine Parts Co's highest 3-Year average Total Assets Growth Rate was 18.60%. The lowest was -0.10%. And the median was 8.10%.
Total Assets is connected with ROA %. Genuine Parts Co's annualizedROA % for the quarter that ended in Mar. 2024 was 5.48%. Total Assets is also linked to Revenue through Asset Turnover. Genuine Parts Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.32.
Genuine Parts Co Total Assets Historical Data
The historical data trend for Genuine Parts Co'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.
Genuine Parts Co'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.
Genuine Parts Co (NYSE:GPC) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) 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.
Genuine Parts Co's Asset Turnover for the quarter that ended in Mar. 2024 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.
Genuine Parts Co Total Assets Related Terms
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Genuine Parts Co (Genuine Parts Co) Business Description
Genuine Parts sells automotive parts (nearly two thirds of net sales) and industrial components. The company sells car and truck parts to commercial and retail customers through roughly 9,800 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and original equipment manufacturer clients.
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