Sonic (SONC) Total Assets : $531.1 Mil (As of Aug. 2018)

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What is Sonic Total Assets?

Sonic's Total Assets for the quarter that ended in Aug. 2018 was $531.1 Mil.

Total Assets is connected with ROA %. Sonic's annualized ROA % for the quarter that ended in Aug. 2018 was 13.81%. Total Assets is also linked to Revenue through Asset Turnover. Sonic's Asset Turnover for the quarter that ended in Aug. 2018 was 0.21.

Sonic Total Assets Historical Data

The historical data trend for Sonic'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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Sonic Total Assets Chart

Sonic Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Total Assets

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650.97

620.02

648.66

561.74

531.13

Sonic Quarterly Data
	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18
Total Assets	Get a 7-Day Free Trial															561.74	552.91	561.54	545.55	531.13

Sonic 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.

Sonic's Total Assets for the fiscal year that ended in Aug. 2018 is calculated as

Total Assets	=	Total Equity (A: Aug. 2018 )	+	Total Liabilities (A: Aug. 2018 )
	=	-288.846	+	819.98
	=	531.1

Sonic's Total Assets for the quarter that ended in Aug. 2018 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2018 )	+	Total Liabilities (Q: Aug. 2018 )
	=	-288.846	+	819.98
	=	531.1

Sonic (NAS:SONC) Total Assets Explanation

Total Assets is connected with ROA %.

Sonic's annualized ROA % for the quarter that ended in Aug. 2018 is

ROA %	=	Net Income (Q: Aug. 2018 )	/	( (Total Assets (Q: May. 2018 )	+	Total Assets (Q: Aug. 2018 ))	/ count )
	=	74.368	/	( (545.546	+	531.134)	/ 2 )
	=	74.368	/	538.34
	=	13.81 %

Note: The Net Income data used here is four times the quarterly (Aug. 2018) 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.

Sonic's Asset Turnover for the quarter that ended in Aug. 2018 is

	Asset Turnover
=	Revenue (Q: Aug. 2018 )	/	( (Total Assets (Q: May. 2018 )	+	Total Assets (Q: Aug. 2018 ))	/ count )
=	111.754	/	( (545.546	+	531.134)	/ 2 )
=	111.754	/	538.34
=	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.

Sonic Total Assets Related Terms

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Sonic (SONC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sonic Corp (NAS:SONC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.sonicdrivein.com

Sonic Corp operates and franchises drive-in restaurants throughout the United States. The restaurants typically consist of a building that houses only a kitchen to go along with 16 to 24 parking spaces that have their own payment terminals, intercom speakers, and menu boards. Carhops serve customers in their cars. Many locations also have a drive-thru lane and patio seating as alternatives. Sonic franchises roughly 90% of its restaurants, and the royalty revenue the company earns on franchise sales contributes roughly a quarter of total company revenue. Company-operated stores provide the balance of total revenue. Sonic owns the property on which hundreds of its restaurants are located. For those properties that house franchised stores, franchisees lease from the company.

Executives

Steven A Davis	director	3776 SOUTH HIGH ST, COLUMBUS OH 43207
Lauren R Hobart	director	345 COURT STREET, CORAOPOLIS PA 15275
Tony Bartel	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Kathy L Taylor	director	C/O FREDERIC DORWART LAWYERS, 124 EAST FOURTH STREET, TULSA OK 74103
Pedro Claudia San	officer: President	300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Kate S Lavelle	director	24089 3RD STREET, FAIRHOPE AL 36532
Federico F Pena	director	711 HIGH STREET, DES MOINES IA 50392-0300
J Larry Nichols	director	DEVON ENERGY CORP, 20 NORTH BROADWAY STE 1500, OKLAHOMA CITY OK 73102-8260
Southeastern Asset Management Inc/tn/	10 percent owner	6410 POPLAR AVENUE, SUITE 900, MEMPHIS TN 38119
Longleaf Partners Funds Trust	10 percent owner	C/O SOUTHEASTERN ASSET MANAGEMENT, 6410 POPLAR AVE, SUITE 900, MEMPHIS TN 38119
Todd Whitney Smith	officer: President and CMO	300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK 73104
Craig Jeffrey Miller	officer: Former Officer of Subsidiary	5008 HARTRIDGE WAY, GREENSBORO NC 27407
Robert M Rosenberg	director
Michael J Maples	director	2208 WINDSOR ROAD, AUSTIN TX 78703
Douglas N Benham	director