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National Grid PLC  (NYSE:NGG) Total Assets: $76,807 Mil (As of Sep. 2017)

National Grid PLC's total assets for the quarter that ended in Sep. 2017 was $76,807 Mil.

During the past 12 months, National Grid PLC's average Total Assets Growth Rate was -7.60% per year. During the past 3 years, the average Total Assets Growth Rate was 4.90% per year. During the past 5 years, the average Total Assets Growth Rate was 4.80% per year. During the past 10 years, the average Total Assets Growth Rate was 6.70% per year.

During the past 13 years, National Grid PLC's highest 3-Year average Total Assets Growth Rate was 72.80%. The lowest was -2.80%. And the median was 5.50%.

Total Assets is connected with ROA %. National Grid PLC's annualized ROA % for the quarter that ended in Sep. 2017 was 2.28%. Total Assets is also linked to Revenue through Asset Turnover. National Grid PLC's Asset Turnover for the quarter that ended in Sep. 2017 was 0.11.


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.

National Grid PLC Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 82,511.31 87,016.61 82,345.29 83,951.57 81,283.95

National Grid PLC Semi-Annual Data

Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17
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 84,337.42 83,951.57 82,688.57 81,283.95 76,806.67

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.


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.

National Grid PLC's Total Assets for the fiscal year that ended in Mar. 2017 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Property, Plant and Equipment+Intangible Assets+Other Long Term Assets)
=16758.0246914+(49166.6666667+8665.43209877+2764.19753086)
=77,354

Total Assets=Total Equity (A: Mar. 2017 )+Total Liabilities (A: Mar. 2017 )
=25145.6790123+56138.2716049
=81,284

National Grid PLC's Total Assets for the quarter that ended in Sep. 2017 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Property, Plant and Equipment+Intangible Assets+Other Long Term Assets)
=7824+(52646.6666667+8789.33333333+3030.66666667)
=72,291

Total Assets=Total Equity (Q: Sep. 2017 )+Total Liabilities (Q: Sep. 2017 )
=22474.6666667+54332
=76,807

* 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 Sep. 2017 is

ROA %=Net Income (Q: Sep. 2017 )/( (Total Assets (Q: Mar. 2017 )+Total Assets (Q: Sep. 2017 ))/ 2 )
=1802.66666667/( (81283.9506173+76806.6666667)/ 2 )
=1802.66666667/79045.308642
=2.28 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2017) 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.

National Grid PLC's Asset Turnover for the quarter that ended in Sep. 2017 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Sep. 2017 )/( (Total Assets (Q: Mar. 2017 )+Total Assets (Q: Sep. 2017 ))/ 2 )
=8912/( (81283.9506173+76806.6666667)/ 2 )
=8912/79045.308642
=0.11

* 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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