DXP Enterprises's Total Assets for the quarter that ended in Dec. 2023 was $1,177 Mil.
Warning Sign:
If a company builds assets at 9.3% a year, faster than its revenue growth rate of 6.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, DXP Enterprises's average Total Assets Growth Rate was 1.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.90% per year.
During the past 13 years, DXP Enterprises's highest 3-Year average Total Assets Growth Rate was 83.50%. The lowest was -12.10%. And the median was 7.00%.
The historical data trend for DXP Enterprises'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.
DXP Enterprises'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.
DXP Enterprises (NAS:DXPE) Total Assets Explanation
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.
DXP Enterprises'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.
DXP Enterprises Total Assets Related Terms
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DXP Enterprises (DXP Enterprises) Business Description
DXP Enterprises Inc is a distributor of products and services to industrial customers in the United States, Canada, Mexico, and Dubai. The company's reportable segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. It generates maximum revenue from the Service Centers segment. The company offers pumping solutions, supply chain services and maintenance, repair, operating and production services for rotating equipment, bearings and power transmissions, industrial supplies and safety products. DXP Enterprises serves the oil and gas, general manufacturing, chemical, reseller, transportation, fabrication and construction, food and beverage, aerospace mining, agriculture, power, and refining industries.
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