Globus Medical's Total Assets for the quarter that ended in Dec. 2023 was $5,086 Mil.
Warning Sign:
If a company builds assets at 28.8% a year, faster than its revenue growth rate of 13% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Globus Medical's average Total Assets Growth Rate was 180.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 53.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 28.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 23.30% per year.
During the past 13 years, Globus Medical's highest 3-Year average Total Assets Growth Rate was 53.90%. The lowest was 10.10%. And the median was 24.20%.
Total Assets is connected with ROA %. Globus Medical's annualizedROA % for the quarter that ended in Dec. 2023 was 1.15%. Total Assets is also linked to Revenue through Asset Turnover. Globus Medical's Asset Turnover for the quarter that ended in Dec. 2023 was 0.12.
Globus Medical Total Assets Historical Data
The historical data trend for Globus Medical'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.
Globus Medical'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.
Globus Medical (NYSE:GMED) 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.
Globus Medical'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.
Globus Medical Total Assets Related Terms
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Globus Medical (Globus Medical) Business Description
Globus Medical Inc is a medical device company that develops and provides healthcare products and solutions to hospitals, physicians, and surgical centers. The firm's products are organized into two categories: musculoskeletal solutions, which include medical devices and instruments used mostly for spinal and orthopedic procedures, and enabling technologies, which include advanced computer systems developed for enhancing surgical capabilities. The vast majority of the company's revenue is generated from musculoskeletal solutions products, and more than half of the revenue is earned in the United States.
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