Electro Rent (Electro Rent) Total Assets : $287.2 Mil (As of Feb. 2016)

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Electro Rent's Total Assets for the quarter that ended in Feb. 2016 was $287.2 Mil.

Total Assets is connected with ROA %. Electro Rent's annualized ROA % for the quarter that ended in Feb. 2016 was 1.41%. Total Assets is also linked to Revenue through Asset Turnover. Electro Rent's Asset Turnover for the quarter that ended in Feb. 2016 was 0.14.

Electro Rent Total Assets Historical Data

The historical data trend for Electro Rent'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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Electro Rent Annual Data

Trend

May06

May07

May08

May09

May10

May11

May12

May13

May14

May15

Total Assets

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305.93

329.83

318.93

302.06

300.31

Electro Rent Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Total Assets	Get a 7-Day Free Trial															301.73	300.31	292.74	285.19	287.17

Electro Rent 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.

Electro Rent's Total Assets for the fiscal year that ended in May. 2015 is calculated as

Total Assets	=	Total Equity (A: May. 2015 )	+	Total Liabilities (A: May. 2015 )
	=	227.978	+	72.336
	=	300.3

Electro Rent's Total Assets for the quarter that ended in Feb. 2016 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2016 )	+	Total Liabilities (Q: Feb. 2016 )
	=	225.099	+	62.07
	=	287.2

Electro Rent (NAS:ELRC) Total Assets Explanation

Total Assets is connected with ROA %.

Electro Rent's annualized ROA % for the quarter that ended in Feb. 2016 is

ROA %	=	Net Income (Q: Feb. 2016 )	/	( (Total Assets (Q: Nov. 2015 )	+	Total Assets (Q: Feb. 2016 ))	/ count )
	=	4.036	/	( (285.185	+	287.169)	/ 2 )
	=	4.036	/	286.177
	=	1.41 %

Note: The Net Income data used here is four times the quarterly (Feb. 2016) 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.

Electro Rent's Asset Turnover for the quarter that ended in Feb. 2016 is

	Asset Turnover
=	Revenue (Q: Feb. 2016 )	/	( (Total Assets (Q: Nov. 2015 )	+	Total Assets (Q: Feb. 2016 ))	/ count )
=	39.498	/	( (285.185	+	287.169)	/ 2 )
=	39.498	/	286.177
=	0.14

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.

Electro Rent Total Assets Related Terms

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Electro Rent (Electro Rent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Electro Rent Corp (NAS:ELRC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.electrorent.com

Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.

Executives

James S Pignatelli	director	2300 E SLINGSHOT WAY, KAMAS UT 84036
Theodore E Guth	director	6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411
Joseph J Kearns	director	C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411
Platinum Equity Llc	10 percent owner	360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Tom Gores	10 percent owner	C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Iii, Llc	10 percent owner	C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iii, Llc	10 percent owner	C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
S Lee Kling	director	1401 S BRENTWOOD BLVD, ST LOUIS MO 63144

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