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Merus Labs International Inc (NAS:MSLI)
Total Assets
$180.00 Mil (As of Sep. 2014)

Merus Labs International Inc's total assets for the quarter that ended in Sep. 2014 was $180.00 Mil.

During the past 12 months, Merus Labs International Inc's average Total Assets Growth Rate was 133.10% per year. During the past 3 years, the average Total Assets Growth Rate was 302.20% per year. During the past 5 years, the average Total Assets Growth Rate was 194.10% per year. During the past 10 years, the average Total Assets Growth Rate was 13.70% per year.

During the past 13 years, Merus Labs International Inc's highest 3-Year average Total Assets Growth Rate was 302.20%. The lowest was -45.50%. And the median was -17.10%.

Total Assets is connected with Return on Assets (ROA). Merus Labs International Inc's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2014 was -10.94%. Total Assets is also linked to revenue through asset turnover. Merus Labs International Inc's asset turnover for the quarter that ended in Sep. 2014 was 0.04.


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.

Merus Labs International Inc's Total Assets for the fiscal year that ended in Sep. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=19.4714376533+(0.117155571701+160.406865861+3.5527136788E-15)
=180.00

Total Assets=Total Shareholder’s Equity (A: Sep. 2014 )+Total Liabilities (A: Sep. 2014 )
=104.11043502+75.8850240668
=180.00

Merus Labs International Inc's Total Assets for the quarter that ended in Sep. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=19.4714376533+(0.117155571701+160.406865861+3.5527136788E-15)
=180.00

Total Assets=Total Shareholder’s Equity (Q: Sep. 2014 )+Total Liabilities (Q: Sep. 2014 )
=104.11043502+75.8850240668
=180.00

* 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.

Merus Labs International Inc's annualized Return on Assets (ROA) for the quarter that ended in Sep. 2014 is

ROA=Net Income (Q: Sep. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Sep. 2014 ))/ 2 )
=-16.5252928889/( (122.051708218+179.995459086)/ 2 )
=-16.5252928889/151.023583652
=-10.94 %

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

Merus Labs International Inc's Asset Turnover for the quarter that ended in Sep. 2014 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Sep. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Sep. 2014 ))/ 2 )
=5.46635182999/( (122.051708218+179.995459086)/ 2 )
=5.46635182999/151.023583652
=0.04

* 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.

Merus Labs International Inc Annual Data

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
Total Assets 71.3672.8349.4634.4821.8118.9410.9994.4684.18180.00

Merus Labs International Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Total Assets 56.8794.4692.0787.8091.7384.1881.6197.34122.05180.00
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