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RCM Technologies's Total Assets for the quarter that ended in Dec. 2023 was $120.5 Mil.
During the past 12 months, RCM Technologies's average Total Assets Growth Rate was 30.30% per year. During the past 3 years, the average Total Assets Growth Rate was 19.10% per year. During the past 5 years, the average Total Assets Growth Rate was 4.60% per year. During the past 10 years, the average Total Assets Growth Rate was 2.00% per year.
During the past 13 years, RCM Technologies's highest 3-Year average Total Assets Growth Rate was 133.10%. The lowest was -22.30%. And the median was 0.75%.
Total Assets is connected with ROA %. RCM Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was 18.96%. Total Assets is also linked to Revenue through Asset Turnover. RCM Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.64.
The historical data trend for RCM Technologies'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.
RCM Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 96.17 | 68.34 | 72.85 | 87.96 | 120.48 |
RCM Technologies Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 87.96 | 97.53 | 105.54 | 101.21 | 120.48 |
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.
RCM Technologies's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (A: Dec. 2023 ) | + | Total Liabilities (A: Dec. 2023 ) |
= | 25.79 | + | 94.694 | |
= | 120.5 |
RCM Technologies's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 25.79 | + | 94.694 | |
= | 120.5 |
* 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.
RCM Technologies (NAS:RCMT) Total Assets Explanation
Total Assets is connected with ROA %.
RCM Technologies's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 21.02 | / | ( (101.214 | + | 120.484) | / 2 ) | |
= | 21.02 | / | 110.849 | ||||
= | 18.96 % |
Note: The Net Income data used here is four times the quarterly (Dec. 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.
RCM Technologies's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 71.028 | / | ( (101.214 | + | 120.484) | / 2 ) |
= | 71.028 | / | 110.849 | |||
= | 0.64 |
* 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.
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.
Thank you for viewing the detailed overview of RCM Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin D Miller | officer: Chief Financial Officer | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Bradley Vizi | 10 percent owner | 10390 WILSHIRE BLVD, SUITE 406, LOS ANGELES CA 90024 |
Michael Saks | other: Sr. Vice President | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Chigozie Obinna Amadi | director | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Roger H Ballou | 10 percent owner, other: See Explanation | C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103 |
Richard A. Genovese | director | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Jayanth Sree Komarneni | director | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Swarna Srinivas Kakodkar | director | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Michael Edward Boyle | officer: Division President, IT Srvs. | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Harvest Financial Corporation | other: See Explanation | 1055 LPL WAY, 223 FOURTH AVENUE, FORT MILL SC 29715 |
Petraglia Frank William Jr | officer: Sr. Vice President | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Irs Partnership No. 19, L.p. | 10 percent owner | 515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071 |
Danny A. White | officer: Sr. Vice President | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Maier O Fein | director | 2500 MCCLELLAN AVENUE, SUITE 350, PENNSAUKEN NJ 08109 |
Michael O'connell | 10 percent owner | 515 S. FIGUEROA STREET, SUITE 1050, LOS ANGELES CA 90071 |
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