ResMed's Total Assets for the quarter that ended in Dec. 2023 was $6,905 Mil.
Warning Sign:
If a company builds assets at 14.6% a year, faster than its revenue growth rate of 11.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, ResMed's average Total Assets Growth Rate was 4.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 17.20% per year.
During the past 13 years, ResMed's highest 3-Year average Total Assets Growth Rate was 128.60%. The lowest was 3.00%. And the median was 20.10%.
Total Assets is connected with ROA %. ResMed's annualizedROA % for the quarter that ended in Dec. 2023 was 12.24%. Total Assets is also linked to Revenue through Asset Turnover. ResMed's Asset Turnover for the quarter that ended in Dec. 2023 was 0.17.
ResMed Total Assets Historical Data
The historical data trend for ResMed'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.
ResMed's Total Assets for the fiscal year that ended in Jun. 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.
ResMed'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.
ResMed Total Assets Related Terms
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ResMed is one of the largest respiratory care device companies globally, primarily developing and supplying flow generators, masks and accessories for the treatment of sleep apnea. Increasing diagnosis of sleep apnea combined with ageing populations and increasing prevalence of obesity is resulting in a structurally growing market. The company earns roughly two thirds of its revenue in the Americas and the balance across other regions dominated by Europe, Japan and Australia. Recent developments and acquisitions have focused on digital health as ResMed is aiming to differentiate itself through the provision of clinical data for use by the patient, medical care advisor and payer in the out-of-hospital setting.
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