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Ingersoll Rand's Total Assets for the quarter that ended in Mar. 2024 was $15,529 Mil.
Warning Sign:
If a company builds assets at 30.5% a year, faster than its revenue growth rate of 8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ingersoll Rand's average Total Assets Growth Rate was 1.40% per year. During the past 3 years, the average Total Assets Growth Rate was -0.80% per year. During the past 5 years, the average Total Assets Growth Rate was 30.50% per year.
During the past 10 years, Ingersoll Rand's highest 3-Year average Total Assets Growth Rate was 50.10%. The lowest was -0.80%. And the median was 22.80%.
Total Assets is connected with ROA %. Ingersoll Rand's annualized ROA % for the quarter that ended in Mar. 2024 was 5.20%. Total Assets is also linked to Revenue through Asset Turnover. Ingersoll Rand's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.
The historical data trend for Ingersoll Rand'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.
Ingersoll Rand Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 4,628.40 | 16,058.60 | 15,154.50 | 14,765.90 | 15,563.50 |
Ingersoll Rand Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Assets | Get a 7-Day Free Trial | 14,995.00 | 15,028.60 | 15,154.00 | 15,563.50 | 15,529.00 |
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.
Ingersoll Rand'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 ) |
= | 9846.7 | + | 5716.8 | |
= | 15,564 |
Ingersoll Rand'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 ) |
= | 9919.7 | + | 5609.3 | |
= | 15,529 |
* 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.
Ingersoll Rand (NYSE:IR) Total Assets Explanation
Total Assets is connected with ROA %.
Ingersoll Rand'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 ) |
= | 808.8 | / | ( (15563.5 | + | 15529) | / 2 ) | |
= | 808.8 | / | 15546.25 | ||||
= | 5.20 % |
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.
Ingersoll Rand'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 ) |
= | 1670.1 | / | ( (15563.5 | + | 15529) | / 2 ) |
= | 1670.1 | / | 15546.25 | |||
= | 0.11 |
* 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.
Thank you for viewing the detailed overview of Ingersoll Rand's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew R Schiesl | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Joanna Sohovich | director | 123 MAIN STREET, BRISTOL CT 06010 |
Julie Schertell | director | 3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005 |
Santiago Arias Duval | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Vikram Kini | officer: Senior Vice President and CFO | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Matthew J Emmerich | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Vicente Reynal | director, officer: Chief Executive Officer | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Kathleen M. Keene | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Gary E Gillespie | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Michael J Scheske | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Jennifer Hartsock | director | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Viseras Enrique Minarro | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Nicholas J Kendall-jones | officer: See Remarks | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Michael Stubblefield | director | C/O AVANTOR, INC., 100 MATSONFORD ROAD, RADNOR PA 19087 |
Mark P Stevenson | director | 850 LINCOLN CENTRE DRIVE, FOSTER CITY CA 94404 |
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