Richardson Electronics's Total Assets for the quarter that ended in Feb. 2024 was $193.6 Mil.
Warning Sign:
If a company builds assets at 10.4% a year, faster than its revenue growth rate of 7.7% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Richardson Electronics's average Total Assets Growth Rate was 0.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 18.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 7.30% per year.
During the past 13 years, Richardson Electronics's highest 3-Year average Total Assets Growth Rate was 69.20%. The lowest was -28.20%. And the median was 2.40%.
Total Assets is connected with ROA %. Richardson Electronics's annualizedROA % for the quarter that ended in Feb. 2024 was 1.54%. Total Assets is also linked to Revenue through Asset Turnover. Richardson Electronics's Asset Turnover for the quarter that ended in Feb. 2024 was 0.27.
Richardson Electronics Total Assets Historical Data
The historical data trend for Richardson Electronics'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.
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Richardson Electronics Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Total Assets
153.02
150.72
156.75
179.82
198.05
Richardson Electronics Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Total Assets
199.20
198.05
195.52
196.49
193.61
Richardson Electronics Total Assets Calculation
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.
Richardson Electronics's Total Assets for the fiscal year that ended in May. 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.
Richardson Electronics (NAS:RELL) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Feb. 2024) 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.
Richardson Electronics's Asset Turnover for the quarter that ended in Feb. 2024 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.
Richardson Electronics Total Assets Related Terms
Thank you for viewing the detailed overview of Richardson Electronics's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Richardson Electronics (Richardson Electronics) Business Description
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.
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