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Espey Manufacturing & Electronics's Total Assets for the quarter that ended in Dec. 2023 was $50.36 Mil.
During the past 12 months, Espey Manufacturing & Electronics's average Total Assets Growth Rate was 16.60% per year. During the past 3 years, the average Total Assets Growth Rate was 5.80% per year. During the past 5 years, the average Total Assets Growth Rate was 6.50% per year. During the past 10 years, the average Total Assets Growth Rate was 5.60% per year.
During the past 13 years, Espey Manufacturing & Electronics's highest 3-Year average Total Assets Growth Rate was 20.80%. The lowest was -9.50%. And the median was 2.00%.
Total Assets is connected with ROA %. Espey Manufacturing & Electronics's annualized ROA % for the quarter that ended in Dec. 2023 was 14.40%. Total Assets is also linked to Revenue through Asset Turnover. Espey Manufacturing & Electronics's Asset Turnover for the quarter that ended in Dec. 2023 was 0.21.
The historical data trend for Espey Manufacturing & Electronics'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.
Espey Manufacturing & Electronics Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 35.69 | 38.21 | 37.98 | 39.90 | 47.50 |
Espey Manufacturing & Electronics Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 44.60 | 46.57 | 47.50 | 49.39 | 50.36 |
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.
Espey Manufacturing & Electronics's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as
Total Assets | = | Total Equity (A: Jun. 2023 ) | + | Total Liabilities (A: Jun. 2023 ) |
= | 35.88 | + | 11.622 | |
= | 47.50 |
Espey Manufacturing & Electronics's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 38.224 | + | 12.139 | |
= | 50.36 |
* 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.
Espey Manufacturing & Electronics (AMEX:ESP) Total Assets Explanation
Total Assets is connected with ROA %.
Espey Manufacturing & Electronics's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 7.18 | / | ( (49.391 | + | 50.363) | / 2 ) | |
= | 7.18 | / | 49.877 | ||||
= | 14.40 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.
Espey Manufacturing & Electronics's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 10.303 | / | ( (49.391 | + | 50.363) | / 2 ) |
= | 10.303 | / | 49.877 | |||
= | 0.21 |
* 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 Espey Manufacturing & Electronics's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Nancy Koskey Patzwahl | director | 81 OLD LANE, CLAVERACK NY 12513 |
Peggy A Murphy | officer: Corporate Secretary | 91 FEEDER DAM RD, S GLENSFALLS NY 12803 |
Katrina Leonore Sparano | officer: Assistant Treasurer | 670 ACLAND BLVD., BALLSTON SPA NY 12020 |
Howard M Pinsley | director, officer: President/CEO, other: Chairman of the Board | 233 BALLSTON AVE., SARATOGA SPRINGS NY 12866 |
Barry Pinsley | director | 6101 PELICAN BAY BLVD., NAPLES FL 34108 |
Alvin O Sabo | director | 51 ISLAND VIEW ROAD, COHOES NY 12047 |
Paul J Corr | director | 87 RAILROAD PLACE, UNIT 306, SARATOGA SPRINGS NY 12866 |
David A Oneil | officer: Treasurer | 14 BRIDGET CIRCLE, COHOES NY 12047 |
Sexauer Roger Nicholas Ii | director | 2820 BENNETT POINT RD., QUEENSTOWN MD 21658 |
Carl Helmetag | director | 330 SEA VIEW, RIVERSIDE RI 02915 |
Enright Patrick Thomas Jr. | director, officer: President and CEO | 3111 SQUAW CREEK TRAIL, BALLSTON SPA NY 12020 |
Michael W Wool | director | 131 HILLS POINT RD, CHARLOTTE VT 05402 |
St Pierre Mark Francis | officer: President | 13 SECLUDED RIDGE, SOUTHWICK MA 01077 |
Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust | 10 percent owner, other: Retirement Plan Trust | 233 BALLSTON AVE., SARATOGA SPRINGS NY 12866 |
Seymour Saslow | director | 199 CAROLINE ST, SARATOGA SPRINGS NY 12866 |
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