FedEx (MIL:1FDX) Total Assets : €78,647 Mil (As of Aug. 2024)

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What is FedEx Total Assets?

FedEx's Total Assets for the quarter that ended in Aug. 2024 was €78,647 Mil.

Warning Sign:

If a company builds assets at 8% a year, faster than its revenue growth rate of 6.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, FedEx's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was 2.10% 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 11.30% per year.

During the past 13 years, FedEx's highest 3-Year average Total Assets Growth Rate was 34.90%. The lowest was 0.30%. And the median was 9.00%.

Total Assets is connected with ROA %. FedEx's annualized ROA % for the quarter that ended in Aug. 2024 was 3.62%. Total Assets is also linked to Revenue through Asset Turnover. FedEx's Asset Turnover for the quarter that ended in Aug. 2024 was 0.25.

FedEx Total Assets Historical Data

The historical data trend for FedEx'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.

FedEx Total Assets Chart

FedEx Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Total Assets

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67,433.43

68,125.47

81,350.32

80,171.56

80,481.48

FedEx Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Assets	Get a 7-Day Free Trial															80,307.19	81,359.12	79,827.68	80,481.48	78,646.88

FedEx 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.

FedEx's Total Assets for the fiscal year that ended in May. 2024 is calculated as

Total Assets	=	Total Equity (A: May. 2024 )	+	Total Liabilities (A: May. 2024 )
	=	25513.35	+	54968.125
	=	80,481

FedEx's Total Assets for the quarter that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2024 )	+	Total Liabilities (Q: Aug. 2024 )
	=	24648.632	+	53998.245
	=	78,647

FedEx (MIL:1FDX) Total Assets Explanation

Total Assets is connected with ROA %.

FedEx's annualized ROA % for the quarter that ended in Aug. 2024 is

ROA %	=	Net Income (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
	=	2880.632	/	( (80481.475	+	78646.877)	/ 2 )
	=	2880.632	/	79564.176
	=	3.62 %

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

FedEx's Asset Turnover for the quarter that ended in Aug. 2024 is

	Asset Turnover
=	Revenue (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
=	19572.153	/	( (80481.475	+	78646.877)	/ 2 )
=	19572.153	/	79564.176
=	0.25

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.

FedEx Total Assets Related Terms

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FedEx Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (MIL:1FDX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.

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