Cadiz's Total Assets for the quarter that ended in Dec. 2023 was $107.37 Mil.
Warning Sign:
If a company builds assets at 15% a year, faster than its revenue growth rate of 12.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Cadiz's average Total Assets Growth Rate was 2.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 15.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.10% per year.
During the past 13 years, Cadiz's highest 3-Year average Total Assets Growth Rate was 88.10%. The lowest was -40.40%. And the median was 2.05%.
Total Assets is connected with ROA %. Cadiz's annualizedROA % for the quarter that ended in Dec. 2023 was -24.36%. Total Assets is also linked to Revenue through Asset Turnover. Cadiz's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.
Cadiz Total Assets Historical Data
The historical data trend for Cadiz'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.
Cadiz's Total Assets for the fiscal year that ended in Dec. 2023 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 (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.
Cadiz's Asset Turnover for the quarter that ended in Dec. 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.
Cadiz Total Assets Related Terms
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Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.
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