Total Assets Calculator
Calculate total assets from current and non-current categories, verify the accounting equation, and compute Return on Assets (ROA).
Total Assets Formula
Total Assets = Current Assets + Non-Current (Long-Term) Assets
This is one side of the fundamental accounting equation:
Total Assets = Total Liabilities + Shareholders’ Equity
If your books are correct, both sides must always be equal. This is the foundation of double-entry bookkeeping.
Current vs. Non-Current Assets
Current Assets — expected to be converted to cash within 12 months:
- Cash and cash equivalents
- Accounts receivable (money owed by customers)
- Inventory
- Prepaid expenses (insurance, subscriptions paid in advance)
- Short-term investments
Non-Current (Long-Term) Assets — held for more than 12 months:
- Property, Plant & Equipment (PP&E), net of depreciation
- Intangible assets (patents, trademarks, goodwill)
- Long-term investments
- Right-of-use assets (leases)
Return on Assets (ROA)
ROA measures how efficiently a company uses its assets to generate profit.
ROA (%) = Net Income / Total Assets × 100
ROA Benchmarks by Industry
| Industry | Typical ROA |
|---|---|
| Commercial banks | 0.5–1.5% |
| Retail (general) | 3–7% |
| Manufacturing | 4–8% |
| Technology | 8–15% |
| Software / SaaS | 10–20% |
| Utilities | 2–5% |
Worked Example
A mid-sized manufacturer has:
- Current Assets: Cash $50k, AR $120k, Inventory $80k, Prepaid $10k = $260,000
- Non-Current Assets: PP&E net $400k, Patents $40k = $440,000
- Total Assets = $700,000
With net income of $56,000:
- ROA = $56,000 / $700,000 × 100 = 8%: healthy for manufacturing
Balance Sheet Check
If you also know your total liabilities and shareholders’ equity, they should sum to total assets. Any discrepancy indicates a bookkeeping error.
Pro Tips
- High asset totals don’t always mean financial strength: check the quality of assets. Goodwill and intangibles may be overvalued if acquisitions underperform.
- Rising accounts receivable without matching revenue growth may signal collection problems.
- Asset-light businesses (software, consulting) often have very high ROA despite low total assets.
- Depreciate PP&E correctly: using net (book) value, not gross cost.
How we build and check this calculator
This calculator runs entirely in your browser, so the numbers you enter stay on your device. The math behind it is written by hand and tested against worked examples and standard references before the page goes live.
SuperGlobalCalculator is independently built and maintained. See how we build and verify our calculators.