GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (NAS:HOVNP.PFD) » Definitions » Total Assets

HOVNP.PFD (Hovnanian Enterprises) Total Assets : $2,540.51 Mil (As of Jul. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Hovnanian Enterprises Total Assets?

Hovnanian Enterprises's Total Assets for the quarter that ended in Jul. 2024 was $2,540.51 Mil.

Warning Sign:

If a company builds assets at 8% a year, faster than its revenue growth rate of 6.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Hovnanian Enterprises's average Total Assets Growth Rate was 16.90% per year. During the past 3 years, the average Total Assets Growth Rate was 9.60% per year. During the past 5 years, the average Total Assets Growth Rate was 8.00% per year. During the past 10 years, the average Total Assets Growth Rate was 1.40% per year.

During the past 13 years, Hovnanian Enterprises's highest 3-Year average Total Assets Growth Rate was 45.10%. The lowest was -33.50%. And the median was 9.60%.

Total Assets is connected with ROA %. Hovnanian Enterprises's annualized ROA % for the quarter that ended in Jul. 2024 was 12.01%. Total Assets is also linked to Revenue through Asset Turnover. Hovnanian Enterprises's Asset Turnover for the quarter that ended in Jul. 2024 was 0.30.


Hovnanian Enterprises Total Assets Historical Data

The historical data trend for Hovnanian 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.

Hovnanian Enterprises Total Assets Chart

Hovnanian Enterprises Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,827.34 2,320.51 2,562.03 2,492.94 2,605.57

Hovnanian Enterprises Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,492.94 2,340.38 2,317.65 2,540.51 2,605.57

Hovnanian 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.

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

Total Assets=Total Equity (A: Oct. 2023 )+Total Liabilities (A: Oct. 2023 )
=581.789+1911.151
=2,492.94

Hovnanian Enterprises's Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets=Total Equity (Q: Jul. 2024 )+Total Liabilities (Q: Jul. 2024 )
=703.384+1837.121
=2,540.51

* 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.


Hovnanian Enterprises  (NAS:HOVNP.PFD) Total Assets Explanation

Total Assets is connected with ROA %.

Hovnanian Enterprises's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %=Net Income (Q: Jul. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Jul. 2024 ))/ count )
=291.676/( (2317.646+2540.505)/ 2 )
=291.676/2429.0755
=12.01 %

Note: The Net Income data used here is four times the quarterly (Jul. 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.

Hovnanian Enterprises's Asset Turnover for the quarter that ended in Jul. 2024 is

Asset Turnover
=Revenue (Q: Jul. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Jul. 2024 ))/ count )
=722.704/( (2317.646+2540.505)/ 2 )
=722.704/2429.0755
=0.30

* 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.

Hovnanian Enterprises Total Assets Related Terms

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


Hovnanian Enterprises Business Description

Traded in Other Exchanges
Address
90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747
Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.
Executives
Lucian T. Smith officer: Chief Operating Officer 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Robert B Coutts director
Vincent Jr Pagano director 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Edward A Kangas director 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Joseph A Marengi director C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Robin Stone Sellers director 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Ara K Hovnanian director, 10 percent owner, officer: Chairman of Bd., Pres. & CEO 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
J Larry Sorsby director, officer: Exec. VP and CFO 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Stephen D Weinroth director ANDERSEN WEINROTH & CO, 1330 AVE OF THE AMERICAS, NEW YORK NY 10019
Sirwart Hovnanian other: Member of a 10% Owner Group 90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Hovnanian Family 2012 L.l.c. 10 percent owner C/O ARA K. HOVNANIAN, 110 WEST FRONT STREET, P.O. BOX 500, RED BANK NJ 07701
Thomas J. Pellerito officer: Chief Operating Officer 110 WEST FRONT STREET, RED BANK NJ 07701
Executors Of The Estate Of Kevork S. Hovnanian, Deceased 10 percent owner 425 LEXINGTON AVENUE, NEW YORK NY 10017
David G. Valiaveedan officer: VP Finance & Treasurer 110 WEST FRONT STREET, RED BANK X1 07701
John J Robbins director 10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701