Ross Stores's Total Assets for the quarter that ended in Jan. 2024 was $14,300 Mil.
Warning Sign:
If a company builds assets at 11.9% a year, faster than its revenue growth rate of 9.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ross Stores's average Total Assets Growth Rate was 6.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.90% per year.
During the past 13 years, Ross Stores's highest 3-Year average Total Assets Growth Rate was 24.00%. The lowest was -4.30%. And the median was 12.20%.
Total Assets is connected with ROA %. Ross Stores's annualizedROA % for the quarter that ended in Jan. 2024 was 17.07%. Total Assets is also linked to Revenue through Asset Turnover. Ross Stores's Asset Turnover for the quarter that ended in Jan. 2024 was 0.42.
Ross Stores Total Assets Historical Data
The historical data trend for Ross Stores'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.
Ross Stores's Total Assets for the fiscal year that ended in Jan. 2024 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 (Jan. 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.
Ross Stores's Asset Turnover for the quarter that ended in Jan. 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.
Ross Stores Total Assets Related Terms
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Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.
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