Workiva's Total Assets for the quarter that ended in Dec. 2023 was $1,218.9 Mil.
Warning Sign:
If a company builds assets at 28.5% a year, faster than its revenue growth rate of 16.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Workiva's average Total Assets Growth Rate was 4.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 31.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 28.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 23.60% per year.
During the past 12 years, Workiva's highest 3-Year average Total Assets Growth Rate was 42.60%. The lowest was 8.50%. And the median was 25.20%.
Total Assets is connected with ROA %. Workiva's annualizedROA % for the quarter that ended in Dec. 2023 was -1.42%. Total Assets is also linked to Revenue through Asset Turnover. Workiva's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.
Workiva Total Assets Historical Data
The historical data trend for Workiva'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.
Workiva's Total Assets for the fiscal year that ended in Dec. 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.
Workiva'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.
Workiva Total Assets Related Terms
Thank you for viewing the detailed overview of Workiva's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Workiva Inc is a cloud-native platform that simplifies the complexities of reporting and compliance. Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications. Customers use the platform to create, review and publish data-linked documents and reports with greater control, consistency, accuracy, and productivity and it is also used for SEC Filings. The firm derives its revenue in the form of subscription and support fees and the remainder from professional services.
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