Ocado Group's Total Assets for the quarter that ended in May. 2024 was $5,416 Mil.
Warning Sign:
If a company builds assets at 38% a year, faster than its revenue growth rate of 8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ocado Group's average Total Assets Growth Rate was 0.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 30.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 38.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 26.90% per year.
During the past 13 years, Ocado Group's highest 3-Year average Total Assets Growth Rate was 46.50%. The lowest was 8.70%. And the median was 30.60%.
The historical data trend for Ocado Group'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.
Ocado Group's Total Assets for the fiscal year that ended in Nov. 2022 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.
Ocado Group (OTCPK:OCDGF) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (May. 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.
Ocado Group's Asset Turnover for the quarter that ended in May. 2024 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.
Ocado Group Total Assets Related Terms
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Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom, a joint venture with Marks & Spencer; it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the UK online grocery market and approximately 2% of the total UK grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that involves the provision of software, fulfillment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.
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