Belo (FRA:BES) Total Assets : €1,131.8 Mil (As of Sep. 2013)

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What is Belo Total Assets?

Belo's Total Assets for the quarter that ended in Sep. 2013 was €1,131.8 Mil.

Total Assets is connected with ROA %. Belo's annualized ROA % for the quarter that ended in Sep. 2013 was 5.05%. Total Assets is also linked to Revenue through Asset Turnover. Belo's Asset Turnover for the quarter that ended in Sep. 2013 was 0.11.

Belo Total Assets Historical Data

The historical data trend for Belo'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.

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Belo Total Assets Chart

Belo Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Assets

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1,368.39

1,086.94

1,202.34

1,224.82

1,142.69

Belo Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Total Assets	Get a 7-Day Free Trial															1,287.08	1,142.69	1,147.55	1,130.55	1,131.80

Belo 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.

Belo's Total Assets for the fiscal year that ended in Dec. 2012 is calculated as

Total Assets	=	Total Equity (A: Dec. 2012 )	+	Total Liabilities (A: Dec. 2012 )
	=	228.39	+	914.299
	=	1,142.7

Belo's Total Assets for the quarter that ended in Sep. 2013 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2013 )	+	Total Liabilities (Q: Sep. 2013 )
	=	256.529	+	875.274
	=	1,131.8

Belo (FRA:BES) Total Assets Explanation

Total Assets is connected with ROA %.

Belo's annualized ROA % for the quarter that ended in Sep. 2013 is

ROA %	=	Net Income (Q: Sep. 2013 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Sep. 2013 ))	/ count )
	=	57.132	/	( (1130.552	+	1131.803)	/ 2 )
	=	57.132	/	1131.1775
	=	5.05 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) 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.

Belo's Asset Turnover for the quarter that ended in Sep. 2013 is

	Asset Turnover
=	Revenue (Q: Sep. 2013 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Sep. 2013 ))	/ count )
=	124.312	/	( (1130.552	+	1131.803)	/ 2 )
=	124.312	/	1131.1775
=	0.11

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.

Belo Total Assets Related Terms

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Belo (FRA:BES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Belo Corporation (FRA:BES) » Definitions » Total Assets

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Address

Website

http://www.belo.com

Belo Corporation, a Delaware corporation, began as a Texas newspaper company in 1842. The company operates as a television company in the United States. It owns 20 television stations that reach more than 14 percent of U.S. television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated websites, in 15 markets across the United States. The Company also has three local and two regional news channels, Texas Cable News and NorthWest Cable News. It also operates more than 20 websites several interactive alliances and a broad range of Internet-based products. The Company derives revenues from the sale of airtime on its television stations, advertising space on the Company's Internet websites and retransmission of its programming by cable, satellite, telephone and wireless companies.

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