Max Trust (ASX:MXQ) Total Assets : A$111.72 Mil (As of Jun. 2013)

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What is Max Trust Total Assets?

Max Trust's Total Assets for the quarter that ended in Jun. 2013 was A$111.72 Mil.

Total Assets is connected with ROA %. Max Trust's annualized ROA % for the quarter that ended in Jun. 2013 was 8.47%. Total Assets is also linked to Revenue through Asset Turnover. Max Trust's Asset Turnover for the quarter that ended in Jun. 2013 was 0.16.

Max Trust Total Assets Historical Data

The historical data trend for Max Trust'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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Max Trust Total Assets Chart

Max Trust Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Total Assets

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701.49

499.91

294.88

178.70

111.72

Max Trust Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Total Assets	Get a 7-Day Free Trial			701.49	499.91	294.88	178.70	111.72

Max Trust 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.

Max Trust's Total Assets for the fiscal year that ended in Jun. 2013 is calculated as

Total Assets	=	Total Equity (A: Jun. 2013 )	+	Total Liabilities (A: Jun. 2013 )
	=	73.568	+	38.147
	=	111.72

Max Trust's Total Assets for the quarter that ended in Jun. 2013 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2013 )	+	Total Liabilities (Q: Jun. 2013 )
	=	73.568	+	38.147
	=	111.72

Max Trust (ASX:MXQ) Total Assets Explanation

Total Assets is connected with ROA %.

Max Trust's annualized ROA % for the quarter that ended in Jun. 2013 is

ROA %	=	Net Income (Q: Jun. 2013 )	/	( (Total Assets (Q: Jun. 2012 )	+	Total Assets (Q: Jun. 2013 ))	/ count )
	=	12.301	/	( (178.701	+	111.715)	/ 2 )
	=	12.301	/	145.208
	=	8.47 %

Note: The Net Income data used here is one times the annual (Jun. 2013) 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.

Max Trust's Asset Turnover for the quarter that ended in Jun. 2013 is

	Asset Turnover
=	Revenue (Q: Jun. 2013 )	/	( (Total Assets (Q: Jun. 2012 )	+	Total Assets (Q: Jun. 2013 ))	/ count )
=	23.816	/	( (178.701	+	111.715)	/ 2 )
=	23.816	/	145.208
=	0.16

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.

Max Trust Total Assets Related Terms

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Max Trust (ASX:MXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Max Trust (ASX:MXQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.thetrustcompany.com.au

Allco Max Securities & Mortgage Trust (AXQ) ('MaxÂ´) is a lending vehicle which writes loans into structured finance transactions predominantly originated by Allco, and purchases investment grade debt on wholesale markets. AXQ's Investment Manager is Allco Funds Management Limited.

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