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Watts Water Technologies's Total Assets for the quarter that ended in Mar. 2024 was $2,332 Mil.
During the past 12 months, Watts Water Technologies's average Total Assets Growth Rate was 24.90% per year. During the past 3 years, the average Total Assets Growth Rate was 8.80% per year. During the past 5 years, the average Total Assets Growth Rate was 5.30% per year. During the past 10 years, the average Total Assets Growth Rate was 1.80% per year.
During the past 13 years, Watts Water Technologies's highest 3-Year average Total Assets Growth Rate was 37.80%. The lowest was -8.40%. And the median was 3.90%.
Total Assets is connected with ROA %. Watts Water Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was 12.51%. Total Assets is also linked to Revenue through Asset Turnover. Watts Water Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.25.
The historical data trend for Watts Water Technologies'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.
Watts Water Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 1,723.10 | 1,738.20 | 1,855.60 | 1,930.90 | 2,309.40 |
Watts Water Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Assets | Get a 7-Day Free Trial | 1,990.00 | 2,004.40 | 2,017.60 | 2,309.40 | 2,332.40 |
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.
Watts Water Technologies'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 ) |
= | 1513.3 | + | 796.1 | |
= | 2,309 |
Watts Water Technologies's Total Assets for the quarter that ended in Mar. 2024 is calculated as
Total Assets | = | Total Equity (Q: Mar. 2024 ) | + | Total Liabilities (Q: Mar. 2024 ) |
= | 1551.8 | + | 780.6 | |
= | 2,332 |
* 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.
Watts Water Technologies (NYSE:WTS) Total Assets Explanation
Total Assets is connected with ROA %.
Watts Water Technologies's annualized ROA % for the quarter that ended in Mar. 2024 is
ROA % | = | Net Income (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 290.4 | / | ( (2309.4 | + | 2332.4) | / 2 ) | |
= | 290.4 | / | 2320.9 | ||||
= | 12.51 % |
Note: The Net Income data used here is four times the quarterly (Mar. 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.
Watts Water Technologies's Asset Turnover for the quarter that ended in Mar. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 570.9 | / | ( (2309.4 | + | 2332.4) | / 2 ) |
= | 570.9 | / | 2320.9 | |||
= | 0.25 |
* 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.
Thank you for viewing the detailed overview of Watts Water Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kenneth Robert Lepage | officer: General Counsel | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Shashank Patel | officer: Chief Financial Officer | 1 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
Elie Melhem | officer: President, Asia | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Joseph T Noonan | director | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Timothy P Horne | director, 10 percent owner | WATTS INDUSTRIES INC, ROUTE 815 CHESTNUT ST, NORTH ANDOVER MA 01845 |
Pagano Robert J Jr | officer: President and CEO | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST, NORTH ANDOVER MA 01845 |
Andre Dhawan | officer: Chief Operating Officer | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST., NORTH ANDOVER MA 01845 |
Monica Barry | officer: Chief HR Officer | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST., NORTH ANDOVER MA 01845 |
Munish Nanda | officer: President, Americas | 1133 WESTCHESTER AVENUE, C/O ITT CORPORATION, WHITE PLAINS NY 10604 |
Michael J. Dubose | director | WATTS WATER TECHNOLOGIES INC., 815 CHESTNUT ST., NORTH ANDOVER MA 01845 |
Louise K Goeser | director | C/O PPL CORPORATION, TWO NORTH NINTH STREET, ALLENTOWN PA 18101 |
Todd A Trapp | officer: Chief Financial Officer | C/O WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
David A. Dunbar | director | 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079 |
Jes Munk Hansen | director | 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
Jennifer Congdon | officer: Chief HR Officer | WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845 |
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