Starco Brands's Total Assets for the quarter that ended in Dec. 2023 was $83.35 Mil.
Warning Sign:
If a company builds assets at 408.4% a year, faster than its revenue growth rate of 157.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Starco Brands's average Total Assets Growth Rate was 105.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 957.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 408.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 63.30% per year.
During the past 13 years, Starco Brands's highest 3-Year average Total Assets Growth Rate was 957.40%. The lowest was -61.90%. And the median was 66.35%.
Total Assets is connected with ROA %. Starco Brands's annualizedROA % for the quarter that ended in Dec. 2023 was -157.89%. Total Assets is also linked to Revenue through Asset Turnover. Starco Brands's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.
Starco Brands Total Assets Historical Data
The historical data trend for Starco Brands'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.
Starco Brands'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.
Starco Brands (OTCPK:STCB) 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.
Starco Brands'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.
Starco Brands Total Assets Related Terms
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Starco Brands (Starco Brands) Business Description
Starco Brands Inc is engaged in the direct response marketing of consumer products. The company involves marketing, distributing, & developing consumer products to be sold through retail. It mainly selects products invented by others for use in a direct response marketing program and also develops its own products for sale as well. The company retails various products in the following categories: household, DIY/hardware, automotive, food products, personal care, suncare, spirits & beverage. It has two segments, Starco Brands. & Skylar. The Starco Brands segments generate the majority of revenue through the development and sales of consumer goods products.
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