GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » Total Assets

Shimmick (Shimmick) Total Assets : $378.0 Mil (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Shimmick Total Assets?

Shimmick's Total Assets for the quarter that ended in Mar. 2024 was $378.0 Mil.

Total Assets is connected with ROA %. Shimmick's annualized ROA % for the quarter that ended in Mar. 2024 was -33.14%. Total Assets is also linked to Revenue through Asset Turnover. Shimmick's Asset Turnover for the quarter that ended in Mar. 2024 was 0.30.

Shimmick Total Assets Historical Data

The historical data trend for Shimmick'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.

* Premium members only.

Shimmick Total Assets Chart

Shimmick Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
492.00 446.80 426.65

Shimmick Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only - 443.75 457.13 426.65 377.99

Shimmick 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.

Shimmick'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 )
=70.49+356.162
=426.7

Shimmick'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 )
=38.118+339.875
=378.0

* 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.

Shimmick  (NAS:SHIM) Total Assets Explanation

Total Assets is connected with ROA %.

Shimmick'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 )
=-133.332/( (426.652+377.993)/ 2 )
=-133.332/402.3225
=-33.14 %

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.

Shimmick'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 )
=120.043/( (426.652+377.993)/ 2 )
=120.043/402.3225
=0.30

* 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.

Shimmick Total Assets Related Terms

Thank you for viewing the detailed overview of Shimmick's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Shimmick (Shimmick) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
530 Technology Drive, Suite 300, Irvine, CA, USA, 92618
Website
https://www.shimmick.com
Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

Shimmick (Shimmick) Headlines

From GuruFocus

Shimmick Corp (SHIM) Reports Solid Earnings Amidst Strategic Shifts

By GuruFocus Research • 12-19-2023