Comfort Systems USA's Total Assets for the quarter that ended in Mar. 2024 was €3,591 Mil.
Warning Sign:
If a company builds assets at 23.8% a year, faster than its revenue growth rate of 19.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Comfort Systems USA's average Total Assets Growth Rate was 36.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 22.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 23.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 20.30% per year.
During the past 13 years, Comfort Systems USA's highest 3-Year average Total Assets Growth Rate was 46.30%. The lowest was -27.90%. And the median was 6.45%.
The historical data trend for Comfort Systems USA'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.
Comfort Systems USA's Total Assets for the fiscal year that ended in Dec. 2023 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.
Comfort Systems USA (STU:9CF) Total Assets Explanation
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.
Comfort Systems USA's Asset Turnover for the quarter that ended in Mar. 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.
Comfort Systems USA Total Assets Related Terms
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Comfort Systems USA (STU:9CF) Business Description
Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.
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