Lannett Co's Total Assets for the quarter that ended in Mar. 2023 was $334.6 Mil.
During the past 12 months, Lannett Co's average Total Assets Growth Rate was -38.20% per year.
During the past 3 years, the average Total Assets Growth Rate was -27.60% per year.
During the past 5 years, the average Total Assets Growth Rate was -23.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 20.10% per year.
During the past 13 years, Lannett Co's highest 3-Year average Total Assets Growth Rate was 135.60%. The lowest was -27.60%. And the median was 13.40%.
Total Assets is connected with ROA %. Lannett Co's annualizedROA % for the quarter that ended in Mar. 2023 was -105.02%. Total Assets is also linked to Revenue through Asset Turnover. Lannett Co's Asset Turnover for the quarter that ended in Mar. 2023 was 0.21.
Lannett Co Total Assets Historical Data
The historical data trend for Lannett Co'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.
Lannett Co's Total Assets for the fiscal year that ended in Jun. 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 (Mar. 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.
Lannett Co's Asset Turnover for the quarter that ended in Mar. 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.
Lannett Co Total Assets Related Terms
Thank you for viewing the detailed overview of Lannett Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Lannett Co Inc develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products. It offers solid oral, extended-release, topical, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, soft gel, and injectable dosages. In addition, the company also provides its products for various medical indications comprising glaucoma, gastrointestinal, migraine, obesity, respiratory, and others. It operates in the segment of generic pharmaceuticals. Its customers include generic pharmaceutical distributors, drug wholesalers, chain drug stores, private label distributors, mail-order pharmacies, and others.
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