Smiths News (Smiths News) Total Assets : $230 Mil (As of Feb. 2024)

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What is Smiths News Total Assets?

Smiths News's Total Assets for the quarter that ended in Feb. 2024 was $230 Mil.

During the past 12 months, Smiths News's average Total Assets Growth Rate was 1.20% per year. During the past 3 years, the average Total Assets Growth Rate was -4.60% per year. During the past 5 years, the average Total Assets Growth Rate was -7.60% per year. During the past 10 years, the average Total Assets Growth Rate was -8.90% per year.

During the past 13 years, Smiths News's highest 3-Year average Total Assets Growth Rate was 26.40%. The lowest was -50.80%. And the median was 3.40%.

Total Assets is connected with ROA %. Smiths News's annualized ROA % for the quarter that ended in Feb. 2024 was 12.26%. Total Assets is also linked to Revenue through Asset Turnover. Smiths News's Asset Turnover for the quarter that ended in Feb. 2024 was 2.85.

Smiths News Total Assets Historical Data

The historical data trend for Smiths News'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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Smiths News Total Assets Chart

Smiths News Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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258.76

305.39

256.83

226.83

248.16

Smiths News Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Total Assets	Get a 7-Day Free Trial															253.86	226.83	225.85	248.16	229.67

Smiths News 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.

Smiths News's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	-20.712	+	268.869
	=	248

Smiths News's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	-17.551	+	247.222
	=	230

Smiths News (OTCPK:SMWPY) Total Assets Explanation

Total Assets is connected with ROA %.

Smiths News's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	29.292	/	( (248.158	+	229.672)	/ 2 )
	=	29.292	/	238.915
	=	12.26 %

Note: The Net Income data used here is two times the semi-annual (Feb. 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.

Smiths News's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	681.566	/	( (248.158	+	229.672)	/ 2 )
=	681.566	/	238.915
=	2.85

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.

Smiths News Total Assets Related Terms

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Smiths News (Smiths News) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smiths News PLC (OTCPK:SMWPY) » Definitions » Total Assets

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Address

Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH

Website

https://www.smithsnews.co.uk

Smiths News PLC is a UK-based wholesale distributor of published content. The group is one of the UK's foremost publishers of newspapers and magazines, and it also operates as a book distributor through bookstores and an online platform serving the needs of academics and public libraries. Geographically, it derives a majority of revenue from the United Kingdom. Its segments include Smiths News Core; Dawson Media Direct (DMD); Instore and others.