Molson Coors Beverage Co's Total Assets for the quarter that ended in Dec. 2023 was $26,375 Mil.
During the past 12 months, Molson Coors Beverage Co's average Total Assets Growth Rate was 0.90% per year.
During the past 3 years, the average Total Assets Growth Rate was -1.30% per year.
During the past 5 years, the average Total Assets Growth Rate was -2.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 7.00% per year.
During the past 13 years, Molson Coors Beverage Co's highest 3-Year average Total Assets Growth Rate was 49.50%. The lowest was -12.00%. And the median was 5.60%.
Total Assets is connected with ROA %. Molson Coors Beverage Co's annualizedROA % for the quarter that ended in Dec. 2023 was 1.56%. Total Assets is also linked to Revenue through Asset Turnover. Molson Coors Beverage Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.
Molson Coors Beverage Co Total Assets Historical Data
The historical data trend for Molson Coors Beverage Co'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.
Molson Coors Beverage Co's Total Assets for the fiscal year that ended in Dec. 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.
Molson Coors Beverage Co (NYSE:TAP) Total Assets Explanation
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.
Molson Coors Beverage Co'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.
Molson Coors Beverage Co Total Assets Related Terms
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Molson Coors Beverage Co (Molson Coors Beverage Co) Business Description
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second largest beer maker in both value and volume terms in the U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market contributing over 80% of total revenue.
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