Carrier Global (WBO:CARG) Total Assets : €36,221 Mil (As of Sep. 2024)

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What is Carrier Global Total Assets?

Carrier Global's Total Assets for the quarter that ended in Sep. 2024 was €36,221 Mil.

During the past 12 months, Carrier Global's average Total Assets Growth Rate was 67.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1.20% per year. During the past 5 years, the average Total Assets Growth Rate was 2.10% per year.

During the past 7 years, Carrier Global's highest 3-Year average Total Assets Growth Rate was 4.00%. The lowest was 1.20%. And the median was 1.70%.

Total Assets is connected with ROA %. Carrier Global's annualized ROA % for the quarter that ended in Sep. 2024 was 4.37%. Total Assets is also linked to Revenue through Asset Turnover. Carrier Global's Asset Turnover for the quarter that ended in Sep. 2024 was 0.15.

Carrier Global Total Assets Historical Data

The historical data trend for Carrier Global'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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Carrier Global Total Assets Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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20,165.40

20,626.45

23,162.22

24,625.18

30,097.77

Carrier Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															24,871.73	30,097.77	37,545.20	37,553.90	36,221.10

Carrier Global 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.

Carrier Global'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 )
	=	8257.585	+	21840.189
	=	30,098

Carrier Global'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 )
	=	13552.842	+	22668.259
	=	36,221

Carrier Global (WBO:CARG) Total Assets Explanation

Total Assets is connected with ROA %.

Carrier Global'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 )
	=	1610.988	/	( (37553.896	+	36221.101)	/ 2 )
	=	1610.988	/	36887.4985
	=	4.37 %

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.

Carrier Global'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 )
=	5391.584	/	( (37553.896	+	36221.101)	/ 2 )
=	5391.584	/	36887.4985
=	0.15

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.

Carrier Global Total Assets Related Terms

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Carrier Global Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CARR:USA CARR:Mexico 4PN:Germany C1RR34:Brazil

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.