L3Harris Technologies's Total Assets for the quarter that ended in Dec. 2023 was $41,687 Mil.
Warning Sign:
If a company builds assets at 36.6% a year, faster than its revenue growth rate of 14.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, L3Harris Technologies's average Total Assets Growth Rate was 26.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 4.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 36.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 24.70% per year.
During the past 13 years, L3Harris Technologies's highest 3-Year average Total Assets Growth Rate was 54.90%. The lowest was -24.80%. And the median was 4.80%.
Total Assets is connected with ROA %. L3Harris Technologies's annualizedROA % for the quarter that ended in Dec. 2023 was 1.51%. Total Assets is also linked to Revenue through Asset Turnover. L3Harris Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.13.
L3Harris Technologies Total Assets Historical Data
The historical data trend for L3Harris 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.
* Premium members only.
L3Harris Technologies Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Dec20
Dec21
Dec22
Dec23
Total Assets
10,117.00
36,960.00
34,709.00
33,524.00
41,687.00
L3Harris Technologies Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Total Assets
33,524.00
35,507.00
35,362.00
42,293.00
41,687.00
L3Harris 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.
L3Harris Technologies'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.
L3Harris Technologies (NYSE:LHX) 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.
L3Harris 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.
L3Harris Technologies Total Assets Related Terms
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L3Harris Technologies (L3Harris Technologies) Business Description
L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.
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