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PAL (Proficient Auto Logistics) Total Assets : $498.2 Mil (As of Sep. 2024)


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What is Proficient Auto Logistics Total Assets?

Proficient Auto Logistics's Total Assets for the quarter that ended in Sep. 2024 was $498.2 Mil.

Total Assets is connected with ROA %. Proficient Auto Logistics's annualized ROA % for the quarter that ended in Sep. 2024 was -1.14%. Total Assets is also linked to Revenue through Asset Turnover. Proficient Auto Logistics's Asset Turnover for the quarter that ended in Sep. 2024 was 0.19.

Proficient Auto Logistics Total Assets Historical Data

The historical data trend for Proficient Auto Logistics'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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Proficient Auto Logistics Total Assets Chart

Proficient Auto Logistics Annual Data
Trend Dec23
Total Assets
430.68

Proficient Auto Logistics Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial - 430.68 5.18 458.65 498.24

Proficient Auto Logistics 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.

Proficient Auto Logistics'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 )
=299.761+130.916
=430.7

Proficient Auto Logistics's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=338.475+159.76
=498.2

* 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.

Proficient Auto Logistics  (NAS:PAL) Total Assets Explanation

Total Assets is connected with ROA %.

Proficient Auto Logistics's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-5.46/( (458.648+498.235)/ 2 )
=-5.46/478.4415
=-1.14 %

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

Proficient Auto Logistics's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=91.506/( (458.648+498.235)/ 2 )
=91.506/478.4415
=0.19

* 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.

Proficient Auto Logistics Total Assets Related Terms

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Proficient Auto Logistics Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223
Website
https://www.proautogistics.com
Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.