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Costco Wholesale Corp  (NAS:COST) Total Assets: $42,799 Mil (As of Feb. 2019)

Costco Wholesale Corp's total assets for the quarter that ended in Feb. 2019 was $42,799 Mil.

Warning Sign:

If a company builds asset at 6.6% a year, faster than its revenue growth rate of 5.6% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Costco Wholesale Corp's average Total Assets Growth Rate was 8.50% per year. During the past 3 years, the average Total Assets Growth Rate was 8.10% per year. During the past 5 years, the average Total Assets Growth Rate was 6.60% per year. During the past 10 years, the average Total Assets Growth Rate was 6.70% per year.

During the past 13 years, Costco Wholesale Corp's highest 3-Year average Total Assets Growth Rate was 46.70%. The lowest was 5.50%. And the median was 8.20%.

Total Assets is connected with ROA %. Costco Wholesale Corp's annualized ROA % for the quarter that ended in Feb. 2019 was 8.21%. Total Assets is also linked to Revenue through Asset Turnover. Costco Wholesale Corp's Asset Turnover for the quarter that ended in Feb. 2019 was 0.82.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Costco Wholesale Corp Annual Data

Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33,024.00 33,017.00 33,163.00 36,347.00 40,830.00

Costco Wholesale Corp Quarterly Data

May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38,703.00 39,605.00 40,830.00 43,814.00 42,799.00

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Costco Wholesale Corp Distribution

* The bar in red indicates where Costco Wholesale Corp's Total Assets falls into.



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.

Costco Wholesale Corp's Total Assets for the fiscal year that ended in Aug. 2018 is calculated as

Total Assets=Total Stockholders Equity (A: Aug. 2018 )+Total Liabilities (A: Aug. 2018 )
=12799+27727
=40,526

Costco Wholesale Corp's Total Assets for the quarter that ended in Feb. 2019 is calculated as

Total Assets=Total Stockholders Equity (Q: Feb. 2019 )+Total Liabilities (Q: Feb. 2019 )
=13858+28616
=42,474

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Total Assets is connected with Return on Assets.

{COMPANY->company}'s annualized ROA % for the quarter that ended in Feb. 2019 is

ROA %=Net Income (Q: Feb. 2019 )/( (Total Assets (Q: Nov. 2018 )+Total Assets (Q: Feb. 2019 ))/ 2 )
=3556/( (43814+42799)/ 2 )
=3556/43306.5
=8.21 %

Note: The Net Income data used here is four times the quarterly (Feb. 2019) net income 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.

Costco Wholesale Corp's Asset Turnover for the quarter that ended in Feb. 2019 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Feb. 2019 )/( (Total Assets (Q: Nov. 2018 )+Total Assets (Q: Feb. 2019 ))/ 2 )
=35396/( (43814+42799)/ 2 )
=35396/43306.5
=0.82

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.

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