Veeva Systems's Total Assets for the quarter that ended in Jan. 2024 was $5,911 Mil.
During the past 12 months, Veeva Systems's average Total Assets Growth Rate was 10.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 22.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 35.00% per year.
During the past 13 years, Veeva Systems's highest 3-Year average Total Assets Growth Rate was 102.00%. The lowest was 10.90%. And the median was 43.60%.
The historical data trend for Veeva Systems'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.
Veeva Systems'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.
Veeva Systems (NYSE:VEEV) 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.
Veeva Systems'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.
Veeva Systems Total Assets Related Terms
Thank you for viewing the detailed overview of Veeva Systems's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Veeva Systems (Veeva Systems) Business Description
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VEEV has been successfully added to your 