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Loar Holdings (Loar Holdings) Total Assets : $1,053.96 Mil (As of Mar. 2024)


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What is Loar Holdings Total Assets?

Loar Holdings's Total Assets for the quarter that ended in Mar. 2024 was $1,053.96 Mil.

During the past 12 months, Loar Holdings's average Total Assets Growth Rate was 7.30% per year.

Total Assets is connected with ROA %. Loar Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 0.85%. Total Assets is also linked to Revenue through Asset Turnover. Loar Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Loar Holdings Total Assets Historical Data

The historical data trend for Loar Holdings'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.

* Premium members only.

Loar Holdings Total Assets Chart

Loar Holdings Annual Data
Trend Dec22 Dec23
Total Assets
994.52 1,050.45

Loar Holdings Quarterly Data
Dec22 Mar23 Dec23 Mar24
Total Assets 994.52 - 1,050.45 1,053.96

Loar Holdings 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.

Loar Holdings'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 )
=418.141+632.304
=1,050.45

Loar Holdings's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=420.645+633.315
=1,053.96

* 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.

Loar Holdings  (NYSE:LOAR) Total Assets Explanation

Total Assets is connected with ROA %.

Loar Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=8.996/( (1050.445+1053.96)/ 2 )
=8.996/1052.2025
=0.85 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Loar Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=91.844/( (1050.445+1053.96)/ 2 )
=91.844/1052.2025
=0.09

* 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.

Loar Holdings Total Assets Related Terms

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Loar Holdings (Loar Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
20 New King Street, White Plains, New York, NY, USA, 10604
Website
https://www.loargroup.com
Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

From GuruFocus

Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

By GuruFocus Research • 04-29-2024