Farfetch's Total Assets for the quarter that ended in Jun. 2023 was $3,498 Mil.
Warning Sign:
If a company builds assets at 78% a year, faster than its revenue growth rate of 27.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Farfetch's average Total Assets Growth Rate was 0.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 78.00% per year.
During the past 8 years, Farfetch's highest 3-Year average Total Assets Growth Rate was 171.70%. The lowest was 15.60%. And the median was 110.85%.
Total Assets is connected with ROA %. Farfetch's annualizedROA % for the quarter that ended in Jun. 2023 was -31.14%. Total Assets is also linked to Revenue through Asset Turnover. Farfetch's Asset Turnover for the quarter that ended in Jun. 2023 was 0.16.
Farfetch Total Assets Historical Data
The historical data trend for Farfetch'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.
Farfetch's Total Assets for the fiscal year that ended in Dec. 2022 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 (Jun. 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.
Farfetch's Asset Turnover for the quarter that ended in Jun. 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.
Farfetch Total Assets Related Terms
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Farfetch is an online platform connecting sellers and buyers of personal luxury goods. It was founded in 2008. The company partners with over 1,000 luxury goods sellers to offer their inventory on the platform. When making the retailers' stock available to almost a million active customers, the company charges a cut of over 30% (third-party take rate). The company operates digital marketplace platform Farfetch, Browns stores, acquired branded company New Guard Group and Farfetch solutions, powering e-commerce operations of luxury brands.
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