Morphic Ethical Equity Fund (ASX:MEC) Total Assets : A$58.42 Mil (As of Dec. 2022)

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What is Morphic Ethical Equity Fund Total Assets?

Morphic Ethical Equity Fund's Total Assets for the quarter that ended in Dec. 2022 was A$58.42 Mil.

Total Assets is connected with ROA %. Morphic Ethical Equity Fund's annualized ROA % for the quarter that ended in Dec. 2022 was -0.03%. Total Assets is also linked to Revenue through Asset Turnover. Morphic Ethical Equity Fund's Asset Turnover for the quarter that ended in Dec. 2022 was 0.02.

Morphic Ethical Equity Fund Total Assets Historical Data

The historical data trend for Morphic Ethical Equity Fund'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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Morphic Ethical Equity Fund Total Assets Chart

Morphic Ethical Equity Fund Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Total Assets

72.58

102.40

76.85

90.11

Morphic Ethical Equity Fund Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Dec22
Total Assets	Get a 7-Day Free Trial					76.85	76.90	90.11	70.20	58.42

Morphic Ethical Equity Fund 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.

Morphic Ethical Equity Fund's Total Assets for the fiscal year that ended in Sep. 2021 is calculated as

Total Assets	=	Total Equity (A: Sep. 2021 )	+	Total Liabilities (A: Sep. 2021 )
	=	73.163	+	16.947
	=	90.11

Morphic Ethical Equity Fund's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	57.504	+	0.916
	=	58.42

Morphic Ethical Equity Fund (ASX:MEC) Total Assets Explanation

Total Assets is connected with ROA %.

Morphic Ethical Equity Fund's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	-0.018	/	( (70.2	+	58.42)	/ 2 )
	=	-0.018	/	64.31
	=	-0.03 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2022) 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.

Morphic Ethical Equity Fund's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	1.326	/	( (70.2	+	58.42)	/ 2 )
=	1.326	/	64.31
=	0.02

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.

Morphic Ethical Equity Fund Total Assets Related Terms

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Morphic Ethical Equity Fund (ASX:MEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Morphic Ethical Equity Fund Ltd (ASX:MEC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

179 Elizabeth Street, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.morphicasset.com

Morphic Ethical Equity Fund Ltd seeks to provide investors a way to grow their wealth. The fund excludes direct investments in entities involved in environmental destruction, including coal and uranium mining, oil and gas, intensive animal farming and aquaculture, tobacco and alcohol, armaments, gambling and rainforest.