New Relic (New Relic) Total Assets : $895.0 Mil (As of Sep. 2023)

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What is New Relic Total Assets?

New Relic's Total Assets for the quarter that ended in Sep. 2023 was $895.0 Mil.

Warning Sign:

If a company builds assets at 22.3% a year, faster than its revenue growth rate of 15.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, New Relic's average Total Assets Growth Rate was -16.20% per year. During the past 3 years, the average Total Assets Growth Rate was -0.80% per year. During the past 5 years, the average Total Assets Growth Rate was 22.30% per year. During the past 10 years, the average Total Assets Growth Rate was 48.30% per year.

During the past 12 years, New Relic's highest 3-Year average Total Assets Growth Rate was 94.40%. The lowest was -0.80%. And the median was 53.75%.

Total Assets is connected with ROA %. New Relic's annualized ROA % for the quarter that ended in Sep. 2023 was -10.64%. Total Assets is also linked to Revenue through Asset Turnover. New Relic's Asset Turnover for the quarter that ended in Sep. 2023 was 0.27.

New Relic Total Assets Historical Data

The historical data trend for New Relic'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.

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New Relic Total Assets Chart

New Relic Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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1,090.23

1,258.43

1,398.62

1,427.67

1,419.01

New Relic Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															1,304.88	1,335.17	1,419.01	891.28	895.01

New Relic Total Assets Calculation

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.

New Relic's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	363.54	+	1055.468
	=	1,419.0

New Relic's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	421.655	+	473.355
	=	895.0

New Relic (NYSE:NEWR) Total Assets Explanation

Total Assets is connected with ROA %.

New Relic's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-95.008	/	( (891.284	+	895.01)	/ 2 )
	=	-95.008	/	893.147
	=	-10.64 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

New Relic's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	242.757	/	( (891.284	+	895.01)	/ 2 )
=	242.757	/	893.147
=	0.27

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.

New Relic Total Assets Related Terms

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New Relic (New Relic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » New Relic Inc (NYSE:NEWR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Spear Street, Suite 1000, San Francisco, CA, USA, 94105

Website

https://www.newrelic.com

New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time. The firm's flagship New Relic Software Analytics Cloud is made up of a suite of products, a Big Data database, and an open platform. Its solutions include diagnostics, reporting and alerting, transaction monitoring, and performance monitoring capabilities. The firm generates revenue from subscription-based arrangements for software offerings, typically for a year. A majority of the firm's revenue is generated in the United States, and the rest from Europe, the Middle East, and Africa; the Asia-Pacific; and other regions.

Executives

Thomas J. Lloyd	officer: Chief Legal Officer, Corp Secy	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Mark Dodds	officer: Chief Revenue Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
William Staples	officer: Chief People Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
David Barter	officer: Chief Financial Officer	C/O MODEL N, INC., 1600 SEAPORT BLVD., SUITE 400, REDWOOD CITY CA 94063
Lewis Cirne	director, officer: CEO	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Kristy Friedrichs	officer: Chief Operating Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Jana Partners Llc	director, other: See Remarks	767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Radhakrishnan Mahendran	director	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Mark Sachleben	officer: Chief Financial Officer	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Steve Hurn	officer: EVP, Worldwide Sales	C/O NEW RELIC, INC., 188 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Susan Donner Arthur	director	11000 OPTUM CIRCLE, EDEN PRAIRIE MN 55344
Kevin G. Galligan	director	C/O JANA PARTNERS LLC, 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Phalachandra Bhat	director	C/O NEW RELIC, INC., 388 SPEAR STREET, SUITE 1000, SAN FRANCISCO CA 94105
Takeshi Numoto	director	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1000, SAN FRANCISCO CA 94105
David J Henshall	director	18880 HOMESTEAD ROAD, CUPERTINO CA 95014