Snowflake's Total Assets for the quarter that ended in Jan. 2024 was $8,223 Mil.
Warning Sign:
If a company builds assets at 90.7% a year, faster than its revenue growth rate of 79.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Snowflake's average Total Assets Growth Rate was 17.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 29.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 90.70% per year.
During the past 6 years, Snowflake's highest 3-Year average Total Assets Growth Rate was 162.00%. The lowest was 29.50%. And the median was 85.80%.
Total Assets is connected with ROA %. Snowflake's annualizedROA % for the quarter that ended in Jan. 2024 was -8.75%. Total Assets is also linked to Revenue through Asset Turnover. Snowflake's Asset Turnover for the quarter that ended in Jan. 2024 was 0.10.
Snowflake Total Assets Historical Data
The historical data trend for Snowflake'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.
Snowflake's Total Assets for the fiscal year that ended in Jan. 2024 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.
Snowflake'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.
Snowflake Total Assets Related Terms
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Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
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