Market Cap : 7.78 B | Enterprise Value : 7.78 B | PE Ratio : | PB Ratio : |
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Orbital ATK's Total Assets for the quarter that ended in Mar. 2018 was $5,385 Mil.
Total Assets is connected with ROA %. Orbital ATK's annualized ROA % for the quarter that ended in Mar. 2018 was 7.31%. Total Assets is also linked to Revenue through Asset Turnover. Orbital ATK's Asset Turnover for the quarter that ended in Mar. 2018 was 0.24.
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
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.
Orbital ATK's Total Assets for the fiscal year that ended in Dec. 2017 is calculated as
Total Assets | = | Total Equity (A: Dec. 2017 ) | + | Total Liabilities (A: Dec. 2017 ) |
= | 2045 | + | 3621 | |
= | 5,666 |
Orbital ATK's Total Assets for the quarter that ended in Mar. 2018 is calculated as
Total Assets | = | Total Equity (Q: Mar. 2018 ) | + | Total Liabilities (Q: Mar. 2018 ) |
= | 1885 | + | 3500 | |
= | 5,385 |
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
Total Assets is connected with ROA %.
Orbital ATK's annualized ROA % for the quarter that ended in Mar. 2018 is
ROA % | = | Net Income (Q: Mar. 2018 ) | / | ( (Total Assets (Q: Dec. 2017 ) | + | Total Assets (Q: Mar. 2018 )) | / count ) |
= | 404 | / | ( (5666 | + | 5385) | / 2 ) | |
= | 404 | / | 5525.5 | ||||
= | 7.31 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2018) 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.
Orbital ATK's Asset Turnover for the quarter that ended in Mar. 2018 is
Asset Turnover | ||||||
= | Revenue (Q: Mar. 2018 ) | / | ( (Total Assets (Q: Dec. 2017 ) | + | Total Assets (Q: Mar. 2018 )) | / count ) |
= | 1312 | / | ( (5666 | + | 5385) | / 2 ) |
= | 1312 | / | 5525.5 | |||
= | 0.24 |
* All numbers are in millions except for per share data and ratio. All numbers 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.
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