Ingersoll Rand's Total Assets for the quarter that ended in Dec. 2023 was $15,564 Mil.
Warning Sign:
If a company builds assets at 30.5% a year, faster than its revenue growth rate of 8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ingersoll Rand's average Total Assets Growth Rate was 6.20% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 30.50% per year.
During the past 10 years, Ingersoll Rand's highest 3-Year average Total Assets Growth Rate was 50.10%. The lowest was -0.80%. And the median was 22.80%.
Total Assets is connected with ROA %. Ingersoll Rand's annualizedROA % for the quarter that ended in Dec. 2023 was 5.98%. Total Assets is also linked to Revenue through Asset Turnover. Ingersoll Rand's Asset Turnover for the quarter that ended in Dec. 2023 was 0.12.
Ingersoll Rand Total Assets Historical Data
The historical data trend for Ingersoll Rand'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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Ingersoll Rand Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Total Assets
4,628.40
16,058.60
15,154.50
14,765.90
15,563.50
Ingersoll Rand Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Total Assets
14,765.90
14,995.00
15,028.60
15,154.00
15,563.50
Ingersoll Rand 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.
Ingersoll Rand'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.
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.
Ingersoll Rand'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.
Ingersoll Rand Total Assets Related Terms
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Ingersoll Rand (Ingersoll Rand) Business Description
Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services and precision and science technologies. Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand generated roughly $5.9 billion in revenue in 2022.
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