Surge Components's Total Assets for the quarter that ended in Feb. 2024 was $23.08 Mil.
Warning Sign:
If a company builds assets at 8.1% a year, faster than its revenue growth rate of 4.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Surge Components's average Total Assets Growth Rate was -22.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 0.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.40% per year.
During the past 13 years, Surge Components's highest 3-Year average Total Assets Growth Rate was 53.90%. The lowest was -25.50%. And the median was 6.90%.
The historical data trend for Surge Components'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.
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.
Surge Components's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as
* 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.
Surge Components (OTCPK:SPRS) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (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.
Surge Components's Asset Turnover for the quarter that ended in Feb. 2024 is
* 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.
Surge Components Total Assets Related Terms
Thank you for viewing the detailed overview of Surge Components's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Surge Components (Surge Components) Business Description
Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SPRS has been successfully added to your 