LGI Homes's Total Assets for the quarter that ended in Dec. 2023 was $3,408 Mil.
Warning Sign:
If a company builds assets at 21.2% a year, faster than its revenue growth rate of 11% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, LGI Homes's average Total Assets Growth Rate was 8.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 30.70% per year.
During the past 13 years, LGI Homes's highest 3-Year average Total Assets Growth Rate was 180.60%. The lowest was 19.50%. And the median was 30.50%.
Total Assets is connected with ROA %. LGI Homes's annualizedROA % for the quarter that ended in Dec. 2023 was 6.18%. Total Assets is also linked to Revenue through Asset Turnover. LGI Homes's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.
LGI Homes Total Assets Historical Data
The historical data trend for LGI Homes'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.
LGI Homes'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.
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.
LGI Homes'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.
LGI Homes Total Assets Related Terms
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LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.
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