MIND Technology (FRA:MI70) Total Assets : €30.75 Mil (As of Jan. 2024)

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What is MIND Technology Total Assets?

MIND Technology's Total Assets for the quarter that ended in Jan. 2024 was €30.75 Mil.

During the past 12 months, MIND Technology's average Total Assets Growth Rate was -12.10% per year. During the past 3 years, the average Total Assets Growth Rate was -7.10% per year. During the past 5 years, the average Total Assets Growth Rate was -13.30% per year. During the past 10 years, the average Total Assets Growth Rate was -18.30% per year.

During the past 13 years, MIND Technology's highest 3-Year average Total Assets Growth Rate was 125.90%. The lowest was -28.50%. And the median was -1.60%.

Total Assets is connected with ROA %. MIND Technology's annualized ROA % for the quarter that ended in Jan. 2024 was 17.94%. Total Assets is also linked to Revenue through Asset Turnover. MIND Technology's Asset Turnover for the quarter that ended in Jan. 2024 was 0.42.

MIND Technology Total Assets Historical Data

The historical data trend for MIND Technology'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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MIND Technology Total Assets Chart

MIND Technology Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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52.46

32.65

37.15

30.49

30.75

MIND Technology Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															30.49	30.87	30.94	28.25	30.75

MIND Technology 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.

MIND Technology's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	20.784	+	9.96
	=	30.74

MIND Technology's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	20.784	+	9.96
	=	30.74

MIND Technology (FRA:MI70) Total Assets Explanation

Total Assets is connected with ROA %.

MIND Technology's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	5.292	/	( (28.254	+	30.745)	/ 2 )
	=	5.292	/	29.4995
	=	17.94 %

Note: The Net Income data used here is four times the quarterly (Jan. 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.

MIND Technology's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	12.281	/	( (28.254	+	30.745)	/ 2 )
=	12.281	/	29.4995
=	0.42

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.

MIND Technology Total Assets Related Terms

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MIND Technology (FRA:MI70) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (FRA:MI70) » Definitions » Total Assets

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MINDP.PFD:USA MIND:USA

Address

2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380

Website

https://www.mind-technology.com

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

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