Shoe Carnival's Total Assets for the quarter that ended in Jan. 2024 was $1,042 Mil.
Warning Sign:
If a company builds assets at 20.7% a year, faster than its revenue growth rate of 6.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Shoe Carnival's average Total Assets Growth Rate was 0.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 20.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.80% per year.
During the past 13 years, Shoe Carnival's highest 3-Year average Total Assets Growth Rate was 38.10%. The lowest was -5.20%. And the median was 8.70%.
Total Assets is connected with ROA %. Shoe Carnival's annualizedROA % for the quarter that ended in Jan. 2024 was 6.01%. Total Assets is also linked to Revenue through Asset Turnover. Shoe Carnival's Asset Turnover for the quarter that ended in Jan. 2024 was 0.27.
Shoe Carnival Total Assets Historical Data
The historical data trend for Shoe Carnival'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.
Shoe Carnival's Total Assets for the fiscal year that ended in Jan. 2024 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 (Jan. 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.
Shoe Carnival's Asset Turnover for the quarter that ended in Jan. 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.
Shoe Carnival Total Assets Related Terms
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Shoe Carnival (Shoe Carnival) Business Description
Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. It operates a retail-focused business model that aims to deliver the footwear shopping experience with the national name brands desired by its customers. Its bricks-first, omnichannel approach provides customers easy access to a wide assortment of branded footwear for work, athletics, daily activities, and special events via a choice of delivery channel.
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