Optical Cable (Optical Cable) Total Assets : $40.49 Mil (As of Jan. 2024)

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What is Optical Cable Total Assets?

Optical Cable's Total Assets for the quarter that ended in Jan. 2024 was $40.49 Mil.

During the past 12 months, Optical Cable's average Total Assets Growth Rate was -4.80% per year. During the past 3 years, the average Total Assets Growth Rate was 5.20% per year. During the past 5 years, the average Total Assets Growth Rate was 0.10% per year. During the past 10 years, the average Total Assets Growth Rate was -1.50% per year.

During the past 13 years, Optical Cable's highest 3-Year average Total Assets Growth Rate was 17.20%. The lowest was -12.00%. And the median was 0.60%.

Total Assets is connected with ROA %. Optical Cable's annualized ROA % for the quarter that ended in Jan. 2024 was -13.51%. Total Assets is also linked to Revenue through Asset Turnover. Optical Cable's Asset Turnover for the quarter that ended in Jan. 2024 was 0.35.

Optical Cable Total Assets Historical Data

The historical data trend for Optical Cable'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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Optical Cable Total Assets Chart

Optical Cable Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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40.11

36.56

37.92

40.56

43.88

Optical Cable 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															42.50	45.98	45.55	43.88	40.49

Optical Cable 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.

Optical Cable's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	24.722	+	19.157
	=	43.88

Optical Cable's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	23.348	+	17.146
	=	40.49

Optical Cable (NAS:OCC) Total Assets Explanation

Total Assets is connected with ROA %.

Optical Cable's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-5.7	/	( (43.879	+	40.494)	/ 2 )
	=	-5.7	/	42.1865
	=	-13.51 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) 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.

Optical Cable's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	14.855	/	( (43.879	+	40.494)	/ 2 )
=	14.855	/	42.1865
=	0.35

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.

Optical Cable Total Assets Related Terms

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Optical Cable (Optical Cable) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optical Cable Corp (NAS:OCC) » Definitions » Total Assets

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OCC:Germany

Address

5290 Concourse Drive, Roanoke, VA, USA, 24019

Website

https://www.occfiber.com

Optical Cable Corp manufactures tight-buffered fiber optic & copper data communication cables, data communication connectivity solutions for enterprise markets, and customized solutions for specialty use & harsh environments. Its products and services include designs and customized products for specialty applications and harsh environments, cabling, connectors, patch cords, assemblies, racks, cabinets, datacom enclosures, patch panels, faceplates, and multi-media boxes. The company supplies its products and services to industries such as the military, industrial, mining, petrochemical, broadcast, oil & gas, and others.

Executives

Randall H Frazier	director
Wilkin Neil D Jr	director, officer: President and CFO
Williamson John B Iii	director	PO BOX 13007, ROANOKE VA 24030
Nygren John A Jr	director	567 SEAFORD LANE, MATHEWS VA 23109
Craig H Weber	director
William Russell Reynolds	officer: SR VP OF SALES	106 DISTANT VIEW DRIVE, ASHEVILLE NC 28803
Tracy G Smith	officer: Chief Financial Officer
Luke J Huybrechts	director, officer: SVP Sales
Charles W Carson	officer: SVP Marketing & Strategy
Ted W Leonard	officer: VP Sales - USA
John M Holland	director