Cognizant Technology Solutions's Total Assets for the quarter that ended in Dec. 2023 was $18,483 Mil.
During the past 12 months, Cognizant Technology Solutions's average Total Assets Growth Rate was 3.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 3.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.70% per year.
During the past 13 years, Cognizant Technology Solutions's highest 3-Year average Total Assets Growth Rate was 65.40%. The lowest was 3.70%. And the median was 27.50%.
Total Assets is connected with ROA %. Cognizant Technology Solutions's annualizedROA % for the quarter that ended in Dec. 2023 was 12.21%. Total Assets is also linked to Revenue through Asset Turnover. Cognizant Technology Solutions's Asset Turnover for the quarter that ended in Dec. 2023 was 0.26.
Cognizant Technology Solutions Total Assets Historical Data
The historical data trend for Cognizant Technology Solutions'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.
Cognizant Technology Solutions 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.
Cognizant Technology Solutions'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.
Cognizant Technology Solutions (NAS:CTSH) 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.
Cognizant Technology Solutions'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.
Cognizant Technology Solutions Total Assets Related Terms
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Cognizant Technology Solutions (Cognizant Technology Solutions) Business Description
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
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