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PACS Group (PACS Group) Total Assets : $3,866.3 Mil (As of Mar. 2024)


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What is PACS Group Total Assets?

PACS Group's Total Assets for the quarter that ended in Mar. 2024 was $3,866.3 Mil.

During the past 12 months, PACS Group's average Total Assets Growth Rate was 43.10% per year.

Total Assets is connected with ROA %. PACS Group's annualized ROA % for the quarter that ended in Mar. 2024 was 5.33%. Total Assets is also linked to Revenue through Asset Turnover. PACS Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.25.

PACS Group Total Assets Historical Data

The historical data trend for PACS 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.

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PACS Group Total Assets Chart

PACS Group Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
- 2,461.89 3,512.74

PACS Group Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Total Assets - 2,461.89 - 3,512.74 3,866.33

PACS Group 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.

PACS Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=101.726+3411.013
=3,512.7

PACS Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=133.593+3732.735
=3,866.3

* 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.

PACS Group  (NYSE:PACS) Total Assets Explanation

Total Assets is connected with ROA %.

PACS Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=196.552/( (3512.739+3866.328)/ 2 )
=196.552/3689.5335
=5.33 %

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

PACS Group's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=934.721/( (3512.739+3866.328)/ 2 )
=934.721/3689.5335
=0.25

* 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.

PACS Group Total Assets Related Terms

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PACS Group (PACS Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Total Assets
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Traded in Other Exchanges
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Address
262 N. University Avenue, Farmington, UT, USA, 84025
Website
https://www.pacs.com
PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

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