Tabula Rasa HealthCare's Total Assets for the quarter that ended in Jun. 2023 was $355.9 Mil.
Warning Sign:
If a company builds assets at 15.2% a year, faster than its revenue growth rate of 7.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Tabula Rasa HealthCare's average Total Assets Growth Rate was -36.00% per year.
During the past 3 years, the average Total Assets Growth Rate was -11.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.20% per year.
During the past 10 years, Tabula Rasa HealthCare's highest 3-Year average Total Assets Growth Rate was 100.30%. The lowest was -11.30%. And the median was 48.00%.
* 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.
Tabula Rasa HealthCare's Total Assets for the fiscal year that ended in Dec. 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.
Tabula Rasa HealthCare (NAS:TRHC) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Jun. 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.
Tabula Rasa HealthCare's Asset Turnover for the quarter that ended in Jun. 2023 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.
Tabula Rasa HealthCare Total Assets Related Terms
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Tabula Rasa HealthCare (Tabula Rasa HealthCare) Business Description
Tabula Rasa HealthCare Inc is engaged in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. The cloud-based software solutions of the company help prescribers, pharmacists, and healthcare organizations in managing the medication-related needs of patients. The firm operates the business through two segments namely CareVention HealthCare and MedWise HealthCare.
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