RGC Resources's Total Assets for the quarter that ended in Dec. 2023 was $314.70 Mil.
Warning Sign:
If a company builds assets at 5.9% a year, faster than its revenue growth rate of 3.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, RGC Resources's average Total Assets Growth Rate was 2.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 2.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 10.60% per year.
During the past 13 years, RGC Resources's highest 3-Year average Total Assets Growth Rate was 15.90%. The lowest was -0.50%. And the median was 6.20%.
Total Assets is connected with ROA %. RGC Resources's annualizedROA % for the quarter that ended in Dec. 2023 was 6.49%. Total Assets is also linked to Revenue through Asset Turnover. RGC Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.
RGC Resources Total Assets Historical Data
The historical data trend for RGC Resources'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.
RGC Resources's Total Assets for the fiscal year that ended in Sep. 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.
RGC Resources'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.
RGC Resources Total Assets Related Terms
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RGC Resources (RGC Resources) Business Description
RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia and its surrounding localities as well as it also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other include the unregulated activities of the Company as well as certain corporate eliminations.
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