Meta Platforms (WBO:META) Total Assets : €231,024 Mil (As of Sep. 2024)

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What is Meta Platforms Total Assets?

Meta Platforms's Total Assets for the quarter that ended in Sep. 2024 was €231,024 Mil.

During the past 12 months, Meta Platforms's average Total Assets Growth Rate was 19.60% per year. During the past 3 years, the average Total Assets Growth Rate was 19.00% per year. During the past 5 years, the average Total Assets Growth Rate was 23.50% per year. During the past 10 years, the average Total Assets Growth Rate was 30.50% per year.

During the past 13 years, Meta Platforms's highest 3-Year average Total Assets Growth Rate was 128.10%. The lowest was 14.20%. And the median was 30.30%.

Total Assets is connected with ROA %. Meta Platforms's annualized ROA % for the quarter that ended in Sep. 2024 was 25.42%. Total Assets is also linked to Revenue through Asset Turnover. Meta Platforms's Asset Turnover for the quarter that ended in Sep. 2024 was 0.16.

Meta Platforms Total Assets Historical Data

The historical data trend for Meta Platforms'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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Meta Platforms Total Assets Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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120,038.40

130,957.75

146,898.50

175,326.29

210,564.29

Meta Platforms 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															202,648.74	210,564.29	205,016.48	213,891.10	231,023.61

Meta Platforms 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.

Meta Platforms'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 )
	=	140455.056	+	70109.235
	=	210,564

Meta Platforms'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 )
	=	148240.629	+	82782.979
	=	231,024

Meta Platforms (WBO:META) Total Assets Explanation

Total Assets is connected with ROA %.

Meta Platforms'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 )
	=	56539.552	/	( (213891.102	+	231023.608)	/ 2 )
	=	56539.552	/	222457.355
	=	25.42 %

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.

Meta Platforms'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 )
=	36570.689	/	( (213891.102	+	231023.608)	/ 2 )
=	36570.689	/	222457.355
=	0.16

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.

Meta Platforms Total Assets Related Terms

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Meta Platforms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meta Platforms Inc (WBO:META) » Definitions » Total Assets

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Address

1 Meta Way, Menlo Park, CA, USA, 94025

Website

https://about.meta.com

Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.