Richards Packagingome Fund (TSX:RPI.UN) Total Assets : C$308.8 Mil (As of Mar. 2024)

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What is Richards Packagingome Fund Total Assets?

Richards Packagingome Fund's Total Assets for the quarter that ended in Mar. 2024 was C$308.8 Mil.

Warning Sign:

If a company builds assets at 9.3% a year, faster than its revenue growth rate of 7.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Richards Packagingome Fund's average Total Assets Growth Rate was -8.80% per year. During the past 3 years, the average Total Assets Growth Rate was -3.50% per year. During the past 5 years, the average Total Assets Growth Rate was 9.30% per year. During the past 10 years, the average Total Assets Growth Rate was 9.30% per year.

During the past 13 years, Richards Packagingome Fund's highest 3-Year average Total Assets Growth Rate was 23.10%. The lowest was -5.60%. And the median was 4.00%.

Total Assets is connected with ROA %. Richards Packagingome Fund's annualized ROA % for the quarter that ended in Mar. 2024 was 10.83%. Total Assets is also linked to Revenue through Asset Turnover. Richards Packagingome Fund's Asset Turnover for the quarter that ended in Mar. 2024 was 0.31.

Richards Packagingome Fund Total Assets Historical Data

The historical data trend for Richards Packagingome Fund'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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Richards Packagingome Fund Total Assets Chart

Richards Packagingome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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248.01

352.89

356.90

349.89

318.20

Richards Packagingome Fund Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															340.56	331.76	324.76	318.20	308.82

Richards Packagingome Fund 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.

Richards Packagingome Fund'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 )
	=	180.148	+	138.055
	=	318.2

Richards Packagingome Fund'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 )
	=	183.071	+	125.746
	=	308.8

Richards Packagingome Fund (TSX:RPI.UN) Total Assets Explanation

Total Assets is connected with ROA %.

Richards Packagingome Fund'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 )
	=	33.964	/	( (318.203	+	308.817)	/ 2 )
	=	33.964	/	313.51
	=	10.83 %

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.

Richards Packagingome Fund'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 )
=	97.877	/	( (318.203	+	308.817)	/ 2 )
=	97.877	/	313.51
=	0.31

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.

Richards Packagingome Fund Total Assets Related Terms

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Richards Packagingome Fund (TSX:RPI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Richards Packaging Income Fund (TSX:RPI.UN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

RPKIF:USA

Address

6095 Ordan Drive, Mississauga, ON, CAN, L5T 2M7

Website

https://www.richardspackaging.com

Richards Packaging Income Fund is involved in packaging distribution businesses. The company principally distributes plastic and glass containers and associated closures. It is used in packaging for cosmetics, healthcare, food, beverage, and other products. Geographically, it derives a majority of its revenue from Canada.

Richards Packagingome Fund (TSX:RPI.UN) Headlines

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