Average Assets (Historical) Formula in Excel

The Average Assets (Historical) formula in Excel with MarketXLS helps you effortlessly evaluate a company’s average total assets over a specified period. This allows you to measure operational efficiency: a smaller asset base relative to sales typically indicates more effective asset management.

Understanding Average Assets (Historical)

• Purpose and Use Cases
  The hf_Average_Assets function calculates the average value of a firm’s total assets for the requested time frame—often a specific year, quarter, or trailing twelve months (TTM). Analysts and investors use this metric to assess how effectively a company manages its assets.

• Key Benefits

  • Evaluates asset utilization and operational efficiency.
  • Provides a historical perspective to spot asset growth or reduction trends.
  • Useful for ratio analyses like Return on Assets (ROA) where average assets are needed.

• When to Use
  Use the Average Assets (Historical) formula whenever you want historical context on asset trends, particularly for performance analysis and forecasting future financial positions.

Syntax and Parameters

=hf_Average_Assets(Symbol, year, [quarter], [TTM])

• If the symbol is invalid or the license is not valid, the function returns "NA".
• The function typically returns a numeric value. If no data is found, the function also returns "NA".

?? Note: This function requires a valid historical fundamentals subscription in MarketXLS.

Examples and Usage

Below are common ways to call the hf_Average_Assets function:

• Basic Usage

  =hf_Average_Assets("MSFT", 2022)

  Returns the average assets for Microsoft in the year 2022.

• Specify Quarter

  =hf_Average_Assets("MSFT", 2022, 2)

  Returns the average assets for Microsoft in 2022, quarter 2.

• Trailing Twelve Months (TTM)

  =hf_Average_Assets("MSFT", 2022, 3, "TTM")

  Returns the average assets for Microsoft in 2022 for the trailing twelve months from quarter 3.

• Special Keywords

  =hf_Average_Assets("MSFT", "lq")

  Returns the average assets for the last reported quarter.

  =hf_Average_Assets("MSFT", "ly-1")

  Returns the average assets for the previous last year recorded.

• Date Inputs

  1. Cell References:

     =hf_Average_Assets(A1)

  2. Direct Dates:

     =hf_Average_Assets("2024-03-15")

  3. Excel Date Functions:

     =hf_Average_Assets(TEXT(A1,"yyyy-mm-dd"))

? Pro Tip: Combine the output from hf_Average_Assets with other historical fundamentals like hf_Revenue or hf_Gross_Profit to perform ratio analysis directly in Excel.

Common Questions

1. What if the function returns "NA"?

   • This indicates invalid inputs (symbol/year) or insufficient permissions/license. Double-check your data and subscription.

2. Does this function affect Excel performance?

   • MarketXLS optimizes most data calls. However, for bulk operations, consider refreshing data in segments or using fewer repeated calls in large spreadsheets.

3. Can I use this with live market data?

   • The function is designed for historical fundamentals. For real-time or intraday asset values, require separate live-data functions in MarketXLS.

4. How do I troubleshoot unusual values?

   • Verify the symbol format and ensure your MarketXLS data subscription covers historical fundamentals. If problems persist, reach out to MarketXLS support.

5. Are there related functions?

   • Yes, you can explore:
     • Revenue (Historical)
     • Cost Of Revenue (Historical)
     • Gross Profit (Historical)
     • R & D Expenses (Historical)
     • Selling General and Administrative Expense (Historical)