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Morgan Stanley (NYSE:MS)
Total Assets
$832,702 Mil (As of Dec. 2013)

Morgan Stanley's total assets for the quarter that ended in Dec. 2013 was $832,702 Mil.

During the past 12 months, Morgan Stanley's average Total Assets Growth Rate was 4.30% per year. During the past 3 years, the average Total Assets Growth Rate was -0.30% per year. During the past 10 years, the average Total Assets Growth Rate was -2.30% per year.

During the past 13 years, Morgan Stanley's highest 3-Year average Total Assets Growth Rate was 112.80%. The lowest was -13.40%. And the median was 12.50%.

Total Assets is connected with Return on Assets (ROA). Morgan Stanley's annualized Return on Assets (ROA) for the quarter that ended in Dec. 2013 was 0.04%. Total Assets is also linked to revenue through asset turnover. Morgan Stanley's asset turnover for the quarter that ended in Dec. 2013 was 0.01.


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.

Morgan Stanley's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=0+(6019+9881+816802)
=832,702

Total Assets=Total Shareholder’s Equity (A: Dec. 2013 )+Total Liabilities (A: Dec. 2013 )
=65921+766781
=832,702

Morgan Stanley's Total Assets for the quarter that ended in Dec. 2013 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=0+(6019+9881+816802)
=832,702

Total Assets=Total Shareholder’s Equity (Q: Dec. 2013 )+Total Liabilities (Q: Dec. 2013 )
=65921+766781
=832,702

* 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.

Morgan Stanley's annualized Return on Assets (ROA) for the quarter that ended in Dec. 2013 is

Return on Assets (ROA)=Net Income (Q: Dec. 2013 )/Total Assets (Q: Dec. 2013 )
=336/832702
=0.04 %

Note: The Net Income data used here is four times the quarterly (Dec. 2013) 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.

Morgan Stanley's Asset Turnover for the quarter that ended in Dec. 2013 is

Asset Turnover=Total Sales/Total Assets
=Revenue (Q: Dec. 2013 )/Total Assets (Q: Dec. 2013 )
=7824/832702
=0.01

* 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.

Morgan Stanley Annual Data

Nov04Nov05Nov06Nov07Nov08Dec09Dec10Dec11Dec12Dec13
Total Assets 747,334898,5231,121,1921,045,409658,812771,462807,698749,898780,960832,702

Morgan Stanley Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Total Assets 794,939749,898781,030748,517764,985780,960801,383802,691832,223832,702
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