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Peerless Systems Corp (NAS:PRLS)
Total Assets
\$23.89 Mil (As of Oct. 2014)

Peerless Systems Corp's total assets for the quarter that ended in Oct. 2014 was \$23.89 Mil.

Total Assets is connected with Return on Assets (ROA). Peerless Systems Corp's annualized Return on Assets (ROA) for the quarter that ended in Oct. 2014 was 87.40%. Total Assets is also linked to revenue through asset turnover. Peerless Systems Corp's asset turnover for the quarter that ended in Oct. 2014 was 0.02.

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.

Peerless Systems Corp'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) = 14.06 + (0 + 0 + 0.006) = 14.07

 Total Assets = Total Shareholders Equity (A: Jan. 2014 ) + Total Liabilities (A: Jan. 2014 ) = 12.127 + 1.939 = 14.07

Peerless Systems Corp'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) = 19.41 + (2.131 + 0 + 2.352) = 23.89

 Total Assets = Total Shareholders Equity (Q: Oct. 2014 ) + Total Liabilities (Q: Oct. 2014 ) = 16.093 + 7.8 = 23.89

* 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.

Peerless Systems Corp'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 ) = 16.04 / ( (12.81 + 23.893) / 2 ) = 16.04 / 18.3515 = 87.40 %

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.

Peerless Systems Corp'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 ) = 0.458 / ( (12.81 + 23.893) / 2 ) = 0.458 / 18.3515 = 0.02

* 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

Historical Data

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

Peerless Systems Corp Annual Data

 Jan05 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Total Assets 12.65 20.03 23.60 33.23 51.63 56.39 14.56 18.37 13.92 14.07

Peerless Systems Corp Quarterly Data

 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Total Assets 14.98 13.82 13.92 14.16 13.28 13.03 14.07 12.79 12.81 23.89
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