1.02(2.38%) Volume: 395,303 10:08PM EDT| Market Cap : 3.43 B | Enterprise Value : 9.4 B | P/E (TTM) : 7.89 | P/B : 1.34 |
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Penske Automotive Group's total assets for the quarter that ended in Jun. 2019 was $13,361 Mil.
Warning Sign:
If a company builds asset at 11.8% a year, faster than its revenue growth rate of 10.4% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, Penske Automotive Group's average Total Assets Growth Rate was 26.50% per year. During the past 3 years, the average Total Assets Growth Rate was 11.00% per year. During the past 5 years, the average Total Assets Growth Rate was 11.80% per year. During the past 10 years, the average Total Assets Growth Rate was 12.50% per year.
During the past 13 years, Penske Automotive Group's highest 3-Year average Total Assets Growth Rate was 70.60%. The lowest was -5.30%. And the median was 13.40%.
Total Assets is connected with ROA %. Penske Automotive Group's annualized ROA % for the quarter that ended in Jun. 2019 was 3.50%. Total Assets is also linked to Revenue through Asset Turnover. Penske Automotive Group's Asset Turnover for the quarter that ended in Jun. 2019 was 0.43.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| Penske Automotive Group Quarterly Data | ||||||||||||||||||||
| Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
| Total Assets |
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10,570.50 | 10,526.90 | 10,904.50 | 13,574.90 | 13,361.10 |
* The bar in red indicates where Penske Automotive Group's Total Assets falls into.
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.
Penske Automotive Group's Total Assets for the fiscal year that ended in Dec. 2018 is calculated as
| Total Assets | = | Total Current Assets | + | Total Long Term Assets | ||||
| = | Total Current Assets | + | (Property, Plant and Equipment | + | Intangible Assets | + | Other Long Term Assets) | |
| = | 5095.2 | + | (2250 | + | 2238.2 | + | 15.9) | |
| = | 9,599 |
| Total Assets | = | Total Stockholders Equity (A: Dec. 2018 ) | + | Total Liabilities (A: Dec. 2018 ) |
| = | 2609.1 | + | 8269.8 | |
| = | 10,879 |
Penske Automotive Group's Total Assets for the quarter that ended in Jun. 2019 is calculated as
| Total Assets | = | Total Current Assets | + | Total Long Term Assets | ||||
| = | Total Current Assets | + | (Property, Plant and Equipment | + | Intangible Assets | + | Other Long Term Assets) | |
| = | 5075.3 | + | (4689.8 | + | 2235 | + | 18.8) | |
| = | 12,019 |
| Total Assets | = | Total Stockholders Equity (Q: Jun. 2019 ) | + | Total Liabilities (Q: Jun. 2019 ) |
| = | 2640.5 | + | 10700.1 | |
| = | 13,341 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Total Assets is connected with Return on Assets.
{COMPANY->company}'s annualized ROA % for the quarter that ended in Jun. 2019 is
| ROA % | = | Net Income (Q: Jun. 2019 ) | / | ( (Total Assets (Q: Mar. 2019 ) | + | Total Assets (Q: Jun. 2019 )) | / 2 ) |
| = | 471.2 | / | ( (13574.9 | + | 13361.1) | / 2 ) | |
| = | 471.2 | / | 13468 | ||||
| = | 3.50 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2019) net income 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.
Penske Automotive Group's Asset Turnover for the quarter that ended in Jun. 2019 is
| Asset Turnover | ||||||
| = | Sales | / | Average Total Assets | |||
| = | Revenue (Q: Jun. 2019 ) | / | ( (Total Assets (Q: Mar. 2019 ) | + | Total Assets (Q: Jun. 2019 )) | / 2 ) |
| = | 5755.8 | / | ( (13574.9 | + | 13361.1) | / 2 ) |
| = | 5755.8 | / | 13468 | |||
| = | 0.43 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.
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