Primoris Services's Total Assets for the quarter that ended in Dec. 2023 was $3,827 Mil.
Warning Sign:
If a company builds assets at 21.8% a year, faster than its revenue growth rate of 11.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Primoris Services's average Total Assets Growth Rate was 9.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 30.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 16.10% per year.
During the past 13 years, Primoris Services's highest 3-Year average Total Assets Growth Rate was 142.50%. The lowest was 5.40%. And the median was 17.05%.
Total Assets is connected with ROA %. Primoris Services's annualizedROA % for the quarter that ended in Dec. 2023 was 3.95%. Total Assets is also linked to Revenue through Asset Turnover. Primoris Services's Asset Turnover for the quarter that ended in Dec. 2023 was 0.40.
Primoris Services Total Assets Historical Data
The historical data trend for Primoris Services'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.
Primoris Services'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.
Primoris Services (NYSE:PRIM) 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.
Primoris Services'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.
Primoris Services Total Assets Related Terms
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Primoris Services (Primoris Services) Business Description
Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.
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