PetIQ's Total Assets for the quarter that ended in Dec. 2023 was $868 Mil.
Warning Sign:
If a company builds assets at 9.3% a year, faster than its revenue growth rate of 3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, PetIQ's average Total Assets Growth Rate was 4.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 0.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.30% per year.
During the past 9 years, PetIQ's highest 3-Year average Total Assets Growth Rate was 100.10%. The lowest was 0.60%. And the median was 44.40%.
Total Assets is connected with ROA %. PetIQ's annualizedROA % for the quarter that ended in Dec. 2023 was -8.11%. Total Assets is also linked to Revenue through Asset Turnover. PetIQ's Asset Turnover for the quarter that ended in Dec. 2023 was 0.25.
PetIQ Total Assets Historical Data
The historical data trend for PetIQ'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.
PetIQ'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.
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.
PetIQ'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.
PetIQ Total Assets Related Terms
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PetIQ Inc is a manufacturer and distributor of health and wellness products for dogs and cats. The company offers veterinarian-grade pet Rx medications, OTC flea and tick preventatives, vitamins treats, nutritional supplements, and hygiene products. The group operates in two segments namely the Products and Services segments. It also provides third-party products to retailers which for a long time were primarily available from veterinary clinics only. Its proprietary brands include PetIQ, PetArmor, VIP Petcare, VetIQ PetCare, VetIQ, Capstar, Advecta, SENTRY, Sergeants, TruProfen, Betsy Farms, PetAction, Minties, Vera and Delightibles. The company generates maximum revenue from Products segment.
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