Aramark's Total Assets for the quarter that ended in Dec. 2023 was $12,419 Mil.
During the past 12 months, Aramark's average Total Assets Growth Rate was -19.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 4.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 2.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 4.60% per year.
During the past 13 years, Aramark's highest 3-Year average Total Assets Growth Rate was 10.30%. The lowest was -0.90%. And the median was 3.00%.
Total Assets is connected with ROA %. Aramark's annualizedROA % for the quarter that ended in Dec. 2023 was 0.78%. Total Assets is also linked to Revenue through Asset Turnover. Aramark's Asset Turnover for the quarter that ended in Dec. 2023 was 0.30.
Aramark Total Assets Historical Data
The historical data trend for Aramark'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.
Aramark's Total Assets for the fiscal year that ended in Sep. 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
Aramark's Asset Turnover for the quarter that ended in Dec. 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.
Aramark Total Assets Related Terms
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Aramark provides food, facilities, and uniform services to a variety of clients and institutions. The majority of company revenue comes from its North American food and support services segment. Smaller but substantial segments include food and support services international, food and support services united states and uniform and career apparel. The food and support services segments provide food for school districts; colleges; healthcare facilities; correctional institutions; and business, sports, and entertainment venues. The uniform segment rents, delivers, cleans, and maintains work clothes and ancillary items like towels and mats to customers in North America and Japan. The company has hundreds of service locations and distribution centers across the United States and Canada.
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