Veritiv's Total Assets for the quarter that ended in Sep. 2023 was $1,995 Mil.
During the past 12 months, Veritiv's average Total Assets Growth Rate was -11.40% per year.
During the past 3 years, the average Total Assets Growth Rate was -6.10% per year.
During the past 5 years, the average Total Assets Growth Rate was -4.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.40% per year.
During the past 12 years, Veritiv's highest 3-Year average Total Assets Growth Rate was 33.90%. The lowest was -6.10%. And the median was 0.70%.
Total Assets is connected with ROA %. Veritiv's annualizedROA % for the quarter that ended in Sep. 2023 was 12.11%. Total Assets is also linked to Revenue through Asset Turnover. Veritiv's Asset Turnover for the quarter that ended in Sep. 2023 was 0.73.
Veritiv Total Assets Historical Data
The historical data trend for Veritiv'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.
Veritiv's Total Assets for the fiscal year that ended in Dec. 2022 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 (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.
Veritiv's Asset Turnover for the quarter that ended in Sep. 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.
Veritiv Total Assets Related Terms
Thank you for viewing the detailed overview of Veritiv's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Veritiv Corp provides printing, publishing, packaging, and facility solutions. The company also provides logistics and supply chain management services. It operates in four primary segments based on the product type. The Print segment, which generates the majority of the revenue, distributes commercial printing and specialty paper products. The Publishing segment sells coated and uncoated commercial printing papers to publishers and retailers for use in magazines, books, and direct mail. The Packaging segment sells a variety of paper-based packaging products within the fiber-based, flexible and rigid categories. The Facility Solutions segment sells cleaning, breakroom, bathroom, safety, and hazard supplies. The majority of revenue comes from the United States.
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