Heico's Total Assets for the quarter that ended in Jan. 2024 was $7,336 Mil.
Warning Sign:
If a company builds assets at 18.6% a year, faster than its revenue growth rate of 8.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Heico's average Total Assets Growth Rate was 53.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 30.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 18.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 14.40% per year.
During the past 13 years, Heico's highest 3-Year average Total Assets Growth Rate was 73.90%. The lowest was -24.10%. And the median was 15.10%.
Total Assets is connected with ROA %. Heico's annualizedROA % for the quarter that ended in Jan. 2024 was 6.31%. Total Assets is also linked to Revenue through Asset Turnover. Heico's Asset Turnover for the quarter that ended in Jan. 2024 was 0.12.
Heico Total Assets Historical Data
The historical data trend for Heico'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.
Heico's Total Assets for the fiscal year that ended in Oct. 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 (Jan. 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.
Heico's Asset Turnover for the quarter that ended in Jan. 2024 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.
Heico Total Assets Related Terms
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Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.
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