Major Drilling Group International (Major Drilling Group International) Total Assets : $451.6 Mil (As of Oct. 2023)

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What is Major Drilling Group International Total Assets?

Major Drilling Group International's Total Assets for the quarter that ended in Oct. 2023 was $451.6 Mil.

During the past 12 months, Major Drilling Group International's average Total Assets Growth Rate was 5.40% per year. During the past 3 years, the average Total Assets Growth Rate was 12.10% per year. During the past 5 years, the average Total Assets Growth Rate was 3.10% per year. During the past 10 years, the average Total Assets Growth Rate was -2.20% per year.

During the past 13 years, Major Drilling Group International's highest 3-Year average Total Assets Growth Rate was 32.40%. The lowest was -9.10%. And the median was 4.15%.

Total Assets is connected with ROA %. Major Drilling Group International's annualized ROA % for the quarter that ended in Oct. 2023 was 15.36%. Total Assets is also linked to Revenue through Asset Turnover. Major Drilling Group International's Asset Turnover for the quarter that ended in Oct. 2023 was 0.34.

Major Drilling Group International Total Assets Historical Data

The historical data trend for Major Drilling Group International'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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Major Drilling Group International Total Assets Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Assets

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344.82

303.19

310.98

441.15

453.64

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															428.53	453.64	448.21	451.63	-

Major Drilling Group International 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.

Major Drilling Group International's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	335.64	+	117.998
	=	453.6

Major Drilling Group International's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	358.241	+	93.386
	=	451.6

Major Drilling Group International (OTCPK:MJDLF) Total Assets Explanation

Total Assets is connected with ROA %.

Major Drilling Group International's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	69.12	/	( (448.206	+	451.627)	/ 2 )
	=	69.12	/	449.9165
	=	15.36 %

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

Major Drilling Group International's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	150.927	/	( (448.206	+	451.627)	/ 2 )
=	150.927	/	449.9165
=	0.34

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.

Major Drilling Group International Total Assets Related Terms

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Major Drilling Group International (Major Drilling Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (OTCPK:MJDLF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

3MJ:Germany MDI:Canada

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (Major Drilling Group International) Headlines

From GuruFocus

Chuck Royce Acquires New Stake in Major Drilling Group International Inc

By GuruFocus Research • 01-24-2024

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