Rush Enterprises (Rush Enterprises) Total Assets

: $4,364 Mil (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

Rush Enterprises's Total Assets for the quarter that ended in Dec. 2023 was $4,364 Mil.

During the past 12 months, Rush Enterprises's average Total Assets Growth Rate was 15.50% per year. During the past 3 years, the average Total Assets Growth Rate was 16.10% 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 5.40% per year.

During the past 13 years, Rush Enterprises's highest 3-Year average Total Assets Growth Rate was 58.00%. The lowest was -5.00%. And the median was 12.50%.

Total Assets is connected with ROA %. Rush Enterprises's annualized ROA % for the quarter that ended in Dec. 2023 was 7.28%. Total Assets is also linked to Revenue through Asset Turnover. Rush Enterprises's Asset Turnover for the quarter that ended in Dec. 2023 was 0.47.

Rush Enterprises Total Assets Historical Data

The historical data trend for Rush Enterprises'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.

* Premium members only.

Rush Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

3,407.33

2,985.39

3,119.98

3,821.07

4,364.24

Rush Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																3,821.07	3,969.55	4,126.32	4,218.05	4,364.24

Rush Enterprises 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.

Rush Enterprises's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1890.416	+	2473.825
	=	4,364

Rush Enterprises's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1890.416	+	2473.825
	=	4,364

Rush Enterprises (NAS:RUSHB) Total Assets Explanation

Total Assets is connected with ROA %.

Rush Enterprises's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	312.188	/	( (4218.053	+	4364.241)	/ 2 )
	=	312.188	/	4291.147
	=	7.28 %

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.

Rush Enterprises's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	2029.465	/	( (4218.053	+	4364.241)	/ 2 )
=	2029.465	/	4291.147
=	0.47

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.

Rush Enterprises Total Assets Related Terms

Thank you for viewing the detailed overview of Rush Enterprises's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Rush Enterprises (Rush Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rush Enterprises Inc (NAS:RUSHB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

RUSHA:USA

Address

555 IH-35 South, Suite 500, New Braunfels, TX, USA, 78130

Website

https://www.rushenterprises.com

Rush Enterprises Inc is a full-service, integrated retailer of commercial vehicles and related services. The company operates in a single segment; Truck Segment includes the operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. It sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird and also provides one-stop service for the needs of commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. The company's business is concentrated in the United States commercial vehicle markets and related aftermarkets.