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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.
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.
Hovnanian Enterprises Annual Data | |||||||||||||||||||||
Trend | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | Oct24 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 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 | 2,492.94 | 2,340.38 | 2,317.65 | 2,540.51 | 2,605.57 |
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.
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.
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 |
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