Construction Partners (Construction Partners) Total Assets : $1,276 Mil (As of Dec. 2023)

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What is Construction Partners Total Assets?

Construction Partners's Total Assets for the quarter that ended in Dec. 2023 was $1,276 Mil.

Warning Sign:

If a company builds assets at 27.2% a year, faster than its revenue growth rate of 15.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Construction Partners's average Total Assets Growth Rate was 11.20% per year. During the past 3 years, the average Total Assets Growth Rate was 34.70% per year. During the past 5 years, the average Total Assets Growth Rate was 27.20% per year.

During the past 8 years, Construction Partners's highest 3-Year average Total Assets Growth Rate was 34.70%. The lowest was 16.80%. And the median was 23.60%.

Total Assets is connected with ROA %. Construction Partners's annualized ROA % for the quarter that ended in Dec. 2023 was 3.16%. Total Assets is also linked to Revenue through Asset Turnover. Construction Partners's Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.

Construction Partners Total Assets Historical Data

The historical data trend for Construction Partners'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.

Construction Partners Total Assets Chart

Construction Partners Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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531.77

628.11

806.62

1,095.52

1,219.67

Construction Partners Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1,129.00	1,140.82	1,183.84	1,219.67	1,276.15

Construction Partners 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.

Construction Partners's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	516.574	+	703.091
	=	1,220

Construction Partners's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	521.159	+	754.991
	=	1,276

Construction Partners (NAS:ROAD) Total Assets Explanation

Total Assets is connected with ROA %.

Construction Partners's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	39.372	/	( (1219.665	+	1276.15)	/ 2 )
	=	39.372	/	1247.9075
	=	3.16 %

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.

Construction Partners's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	396.505	/	( (1219.665	+	1276.15)	/ 2 )
=	396.505	/	1247.9075
=	0.32

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.

Construction Partners Total Assets Related Terms

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Construction Partners (Construction Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Construction Partners Inc (NAS:ROAD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CQY:Germany

Address

290 Healthwest Drive, Suite 2, Dothan, AL, USA, 36303

Website

https://www.constructionpartners.net

Construction Partners Inc operates as an infrastructure and road construction company. It provides construction products and services to the public and private sectors. Its services cover the construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.

Executives

Suntx Capital Ii Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Craig Jennings	director, 10 percent owner	5204 LAKECREET CT., PLANO TX 75093
Mark R Matteson	director, 10 percent owner	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Cpi Capital Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Fleming Ned N. Iv	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Ned N. Fleming, Iv 2013 Trust	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
John L Harper	officer: Senior Vice President	170 EAST MAIN STREET, DOTHAN AL 36301
Noreen E Skelly	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Stefan L Shaffer	director	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Capital Partners Ii Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Capital Partners Ii Dutch Investors Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Cpi Expansion Fund Gp, L.p.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75214
Gregory A Hoffman	officer: Senior VP, Finance	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Judson Ryan Brooks	officer: Senior Vice President, Legal	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Charles E Owens	director, officer: See Remarks	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303