Switch to:
Mitcham Industries Inc (NAS:MIND)
Total Assets
$207.23 Mil (As of Oct. 2014)

Mitcham Industries Inc's total assets for the quarter that ended in Oct. 2014 was $207.23 Mil.

Warning Sign:

If a company builds asset at 15.7% a year, faster than its revenue growth rate of 6% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Mitcham Industries Inc's average Total Assets Growth Rate was 20.60% per year. During the past 3 years, the average Total Assets Growth Rate was 15.50% per year. During the past 5 years, the average Total Assets Growth Rate was 15.70% per year. During the past 10 years, the average Total Assets Growth Rate was 22.50% per year.

During the past 13 years, Mitcham Industries Inc's highest 3-Year average Total Assets Growth Rate was 125.90%. The lowest was -17.90%. And the median was 15.60%.

Total Assets is connected with Return on Assets (ROA). Mitcham Industries Inc's annualized Return on Assets (ROA) for the quarter that ended in Oct. 2014 was -0.76%. Total Assets is also linked to revenue through asset turnover. Mitcham Industries Inc's asset turnover for the quarter that ended in Oct. 2014 was 0.11.


Definition

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.

Mitcham Industries Inc's Total Assets for the fiscal year that ended in Jan. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=62.16+(129.573+7.521+6.165)
=205.42

Total Assets=Total Shareholder’s Equity (A: Jan. 2014 )+Total Liabilities (A: Jan. 2014 )
=170.448+34.971
=205.42

Mitcham Industries Inc's Total Assets for the quarter that ended in Oct. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=66.74+(112.803+17.566+10.119)
=207.23

Total Assets=Total Shareholder’s Equity (Q: Oct. 2014 )+Total Liabilities (Q: Oct. 2014 )
=161.393+45.835
=207.23

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Total Assets is connected with Return on Assets.

Mitcham Industries Inc's annualized Return on Assets (ROA) for the quarter that ended in Oct. 2014 is

ROA=Net Income (Q: Oct. 2014 )/( (Total Assets (Q: Jul. 2014 )+Total Assets (Q: Oct. 2014 ))/ 2 )
=-1.588/( (209.192+207.228)/ 2 )
=-1.588/208.21
=-0.76 %

Note: The Net Income data used here is four times the quarterly (Oct. 2014) net income 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.

Mitcham Industries Inc's Asset Turnover for the quarter that ended in Oct. 2014 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Oct. 2014 )/( (Total Assets (Q: Jul. 2014 )+Total Assets (Q: Oct. 2014 ))/ 2 )
=22.906/( (209.192+207.228)/ 2 )
=22.906/208.21
=0.11

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Mitcham Industries Inc Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
Total Assets 41.4057.6283.30103.90104.23115.40137.97198.23190.41205.42

Mitcham Industries Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Total Assets 193.28193.72190.41190.84183.72188.57205.42195.05209.19207.23
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK