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Albemarle's Total Assets for the quarter that ended in Dec. 2023 was $18,271 Mil.
During the past 12 months, Albemarle's average Total Assets Growth Rate was 24.50% per year. During the past 3 years, the average Total Assets Growth Rate was 21.40% per year. During the past 5 years, the average Total Assets Growth Rate was 18.20% per year. During the past 10 years, the average Total Assets Growth Rate was 16.50% per year.
During the past 13 years, Albemarle's highest 3-Year average Total Assets Growth Rate was 46.90%. The lowest was -9.20%. And the median was 7.00%.
Total Assets is connected with ROA %. Albemarle's annualized ROA % for the quarter that ended in Dec. 2023 was -13.30%. Total Assets is also linked to Revenue through Asset Turnover. Albemarle's Asset Turnover for the quarter that ended in Dec. 2023 was 0.13.
The historical data trend for Albemarle'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.
Albemarle Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 9,860.86 | 10,450.95 | 10,974.12 | 15,456.52 | 18,270.65 |
Albemarle Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 15,456.52 | 17,564.36 | 19,109.67 | 18,883.35 | 18,270.65 |
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.
Albemarle'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 ) |
= | 9665.099 | + | 8605.553 | |
= | 18,271 |
Albemarle's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 9665.099 | + | 8605.553 | |
= | 18,271 |
* 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.
Albemarle (NYSE:ALB) Total Assets Explanation
Total Assets is connected with ROA %.
Albemarle's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | -2470.72 | / | ( (18883.354 | + | 18270.652) | / 2 ) | |
= | -2470.72 | / | 18577.003 | ||||
= | -13.30 % |
Note: The Net Income data used here is four times the quarterly (Dec. 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.
Albemarle's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 2356.165 | / | ( (18883.354 | + | 18270.652) | / 2 ) |
= | 2356.165 | / | 18577.003 | |||
= | 0.13 |
* 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 Albemarle's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kristin M Coleman | officer: EVP, General Counsel | 140 HAZEL AVE., GLENCOE IL 60022 |
Neal Ravi Sheorey | officer: Chief Financial Officer | 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209 |
Michael James Simmons | officer: President - Ketjen | 301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102 |
Eric Norris | officer: President, Lithium | 1519 AUDUBON ROAD, CHARLOTTE NC 28211 |
J Kent Masters | director | ALBEMARLE CORP., 451 FLORIDA ST, BATON ROUGE LA 70801 |
Sean B. O'hollaren | officer: Chief External Affairs Officer | 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209 |
Jacobus G. Fourie | officer: Chief Capital Projects Officer | 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209 |
Scott Tozier | officer: EVP & CFO | ALBEMARLE CORP, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209 |
Karen G Narwold | officer: EVP, Chief Admin Officer | ALBEMARLE CORPORATION, 4250 CONGRESS ST, SUITE 900, CHARLOTTE NC 28209 |
Raphael Goszcz Crawford | officer: President, Catalysts | 4311 GREENBRIAR HILLS PLANTATION RD, CHARLOTTE NC 28277 |
Ralf Hans Cramer | director | MIERENDORSFSTRASSE 26, BENSHEIM 2M 64625 |
Netha N. Johnson | officer: President, Bromine Specialties | 3489 CRESTMOOR DRIVE, WOODBURY MN 55125 |
Barichivich John Clarence Iii | officer: VP, Controller & CAO | 4250 CONGRESS ST., SUITE 900, CHARLOTTE NC 28209 |
Kissam Luther C Iv | director, officer: Chairman, President & CEO | 3801 BERESFORD ROAD, CHARLOTTE NC 28211 |
Melissa H. Anderson | officer: SVP, Chief HR Officer | ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209 |
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