Total Assets (Historical) Formula in Excel

The Total Assets (Historical) formula in Excel with MarketXLS allows you to quickly retrieve the book value of all assets owned by a company for a specified historical period. This powerful function helps analysts, investors, and finance professionals make informed decisions by providing insights into a firm’s asset base over time. Learn how to use this function to streamline your Excel workflows.

Understanding Total Assets (Historical)

• Purpose: Retrieve the sum of an organization’s assets for a selected period (annual, quarterly, or trailing twelve months).
• Key Benefits:
  • Gain quick insights into a company’s financial position.
  • Compare asset values across multiple periods for trend analysis.
  • Integrate fundamental data seamlessly into Excel.
• When to Use:
  • Performing financial modeling or valuation scenarios.
  • Tracking a company’s asset growth over consecutive quarters/years.
  • Incorporating historical fundamentals into dashboards and KPI reports.

Syntax and Parameters

Use the hf_Total_Assets function to fetch historical asset data from MarketXLS.

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

?? Note: If a valid subscription for historical fundamental data is not active, this function returns "NA".

Return Value

• Returns a numeric value representing total assets for the specified period.
• Returns "NA" (text) if there is any error, invalid license, or if data is unavailable.

Date Input Formats

1. Cell References:

   =hf_Total_Assets(A1, B1, C1, "TTM")

2. Direct Dates:

   =hf_Total_Assets("MSFT", "2024", 1, "TTM")

3. Excel Date Functions:

   =hf_Total_Assets("MSFT", TEXT(A1,"yyyy"), TEXT(A2,"q"), "TTM")

? Pro Tip: Use relative references (e.g., "lq", "ly", "lq-1", "ly-1") to automate rolling financial analysis in your spreadsheets without updating dates manually.

Examples and Usage

Below are practical examples demonstrating common use cases:

1. Retrieve Annual Total Assets

   =hf_Total_Assets("MSFT", 2022)

   • Fetches Microsoft’s total assets for the year 2022.

2. Quarter-Specific Data

   =hf_Total_Assets("MSFT", 2022, 2)

   • Pulls Microsoft’s total assets for the second quarter of 2022.

3. Trailing Twelve Months (TTM)

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

   • Returns the TTM total assets starting from Q3 2022.

4. Using “Last Quarter” (lq)

   =hf_Total_Assets("MSFT", "lq")

   • Retrieves the most recent quarterly total assets.

5. Last Year with Offset

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

   • Returns total assets for one year prior to the last year.

?? Note: If quarter or TTM parameters are not applicable to the chosen year format (e.g., "lq"), they are ignored.

Common Questions

1. Why am I getting "NA" as a result?

   • Ensure you have a valid historical fundamental data subscription. Double-check the Symbol, year, and optional parameters are correct.

2. How do I handle non-standard fiscal quarters?

   • The function aligns data to calendar quarters. MarketXLS performs adjustments for companies with non-standard fiscal years.

3. Does this function impact performance for large portfolios?

   • Each call makes a data request. If you have numerous requests, consider using cached data and referencing single calls to maintain performance.

4. Can I use references to cells or date functions with this formula?

   • Yes, you can use A1 references and the TEXT function to dynamically update the year and quarter parameters.

? Pro Tip: Combine other MarketXLS historical formulas (like Revenue (Historical) or Gross Profit (Historical)) to create a comprehensive financial analysis dashboard directly in Excel.