Health Management Associates, (FRA:HMG) Total Assets : €4,955 Mil (As of Sep. 2013)

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What is Health Management Associates, Total Assets?

Health Management Associates,'s Total Assets for the quarter that ended in Sep. 2013 was €4,955 Mil.

Total Assets is connected with ROA %. Health Management Associates,'s annualized ROA % for the quarter that ended in Sep. 2013 was -5.83%. Total Assets is also linked to Revenue through Asset Turnover. Health Management Associates,'s Asset Turnover for the quarter that ended in Sep. 2013 was 0.21.

Health Management Associates, Total Assets Historical Data

The historical data trend for Health Management Associates,'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.

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Health Management Associates, Total Assets Chart

Health Management Associates, Annual Data

Trend

Sep03

Sep04

Sep05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Assets

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3,370.13

3,158.41

3,712.02

4,562.24

4,866.40

Health Management Associates, Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Total Assets	Get a 7-Day Free Trial															4,894.02	4,866.40	4,871.01	4,962.83	4,955.43

Health Management Associates, 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.

Health Management Associates,'s Total Assets for the fiscal year that ended in Dec. 2012 is calculated as

Total Assets	=	Total Equity (A: Dec. 2012 )	+	Total Liabilities (A: Dec. 2012 )
	=	758.2	+	4108.202
	=	4,866

Health Management Associates,'s Total Assets for the quarter that ended in Sep. 2013 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2013 )	+	Total Liabilities (Q: Sep. 2013 )
	=	753.679	+	4201.748
	=	4,955

Health Management Associates, (FRA:HMG) Total Assets Explanation

Total Assets is connected with ROA %.

Health Management Associates,'s annualized ROA % for the quarter that ended in Sep. 2013 is

ROA %	=	Net Income (Q: Sep. 2013 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Sep. 2013 ))	/ count )
	=	-289.16	/	( (4962.826	+	4955.427)	/ 2 )
	=	-289.16	/	4959.1265
	=	-5.83 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) 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.

Health Management Associates,'s Asset Turnover for the quarter that ended in Sep. 2013 is

	Asset Turnover
=	Revenue (Q: Sep. 2013 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Sep. 2013 ))	/ count )
=	1063.09	/	( (4962.826	+	4955.427)	/ 2 )
=	1063.09	/	4959.1265
=	0.21

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.

Health Management Associates, Total Assets Related Terms

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Health Management Associates, (FRA:HMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Health Management Associates, Inc. (FRA:HMG) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Website

http://www.hma-corp.com

Health Management Associates, Inc. was incorporated in Delaware in 1979 but began operations through a subsidiary that was formed in 1977. It became a public company in 1991. As of December 31, 2011, it operated 66 hospitals with a total of 10,330 licensed beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington and West Virginia. The Company and its subsidiaries provide health care services to patients in owned and leased facilities located mainly in non-urban communities in the southeastern and southwestern United States. Services provided by its hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care and pediatric services. It also provides outpatient services such as one-day surgery, laboratory, x-ray, respiratory therapy, cardiology and physical therapy. Additionally, some of the Company's hospitals provide specialty services in, among other areas, cardiology e.g., open-heart surgery, etc., neuro-surgery, oncology, radiation therapy, computer-assisted tomography 'CT' scanning, magnetic resonance imaging 'MRI', lithotripsy and full-service obstetrics.The Company's strategy is to deliver health care services and improve patient and physician satisfaction, improve operations of its hospitals, utilize efficient management and acquire strategic hospitals in non-urban communities. In many of the geographic areas where it operates, there are other hospitals that provide services comparable to those offered by its hospitals. The Company is subject to compliance with various federal, state and local environmental laws, rules and regulations, including, but not limited to, the disposal of medical waste generated by its operations.

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