On Holding AG (On Holding AG) Total Assets : $2,123 Mil (As of Mar. 2024)

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What is On Holding AG Total Assets?

On Holding AG's Total Assets for the quarter that ended in Mar. 2024 was $2,123 Mil.

During the past 12 months, On Holding AG's average Total Assets Growth Rate was 15.30% per year. During the past 3 years, the average Total Assets Growth Rate was 58.50% per year.

During the past 5 years, On Holding AG's highest 3-Year average Total Assets Growth Rate was 101.70%. The lowest was 58.50%. And the median was 80.10%.

Total Assets is connected with ROA %. On Holding AG's annualized ROA % for the quarter that ended in Mar. 2024 was 20.75%. Total Assets is also linked to Revenue through Asset Turnover. On Holding AG's Asset Turnover for the quarter that ended in Mar. 2024 was 0.29.

On Holding AG Total Assets Historical Data

The historical data trend for On Holding AG'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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On Holding AG Total Assets Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

146.17

430.63

1,342.56

1,483.90

1,842.04

On Holding AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												1,668.61	1,707.13	1,895.73	1,842.04	2,123.45

On Holding AG 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.

On Holding AG'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 )
	=	1242.484	+	599.561
	=	1,842

On Holding AG'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 )
	=	1331.083	+	792.37
	=	2,123

On Holding AG (NYSE:ONON) Total Assets Explanation

Total Assets is connected with ROA %.

On Holding AG'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 )
	=	411.432	/	( (1842.044	+	2123.453)	/ 2 )
	=	411.432	/	1982.7485
	=	20.75 %

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.

On Holding AG'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 )
=	571.911	/	( (1842.044	+	2123.453)	/ 2 )
=	571.911	/	1982.7485
=	0.29

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.

On Holding AG Total Assets Related Terms

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On Holding AG (On Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on-running.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.