Quanex Building Products's Total Assets for the quarter that ended in Jan. 2024 was $813 Mil.
During the past 12 months, Quanex Building Products's average Total Assets Growth Rate was -1.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 2.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.90% per year.
During the past 13 years, Quanex Building Products's highest 3-Year average Total Assets Growth Rate was 24.00%. The lowest was -32.80%. And the median was 3.50%.
Total Assets is connected with ROA %. Quanex Building Products's annualizedROA % for the quarter that ended in Jan. 2024 was 3.04%. Total Assets is also linked to Revenue through Asset Turnover. Quanex Building Products's Asset Turnover for the quarter that ended in Jan. 2024 was 0.29.
Quanex Building Products Total Assets Historical Data
The historical data trend for Quanex Building Products'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.
Quanex Building Products's Total Assets for the fiscal year that ended in Oct. 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.
Quanex Building Products (NYSE:NX) Total Assets Explanation
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.
Quanex Building Products'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.
Quanex Building Products Total Assets Related Terms
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Quanex Building Products (Quanex Building Products) Business Description
Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.
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