PXP Vietnam Fund (LSE:VNF) Total Assets : $88.67 Mil (As of Sep. 2014)

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What is PXP Vietnam Fund Total Assets?

PXP Vietnam Fund's Total Assets for the quarter that ended in Sep. 2014 was $88.67 Mil.

Total Assets is connected with ROA %. PXP Vietnam Fund's annualized ROA % for the quarter that ended in Sep. 2014 was 0.54%. Total Assets is also linked to Revenue through Asset Turnover. PXP Vietnam Fund's Asset Turnover for the quarter that ended in Sep. 2014 was 0.02.

PXP Vietnam Fund Total Assets Historical Data

The historical data trend for PXP Vietnam 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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PXP Vietnam Fund Total Assets Chart

PXP Vietnam Fund Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Total Assets

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51.57

42.31

49.49

70.30

88.67

PXP Vietnam Fund Semi-Annual Data
	Sep10	Mar11	Sep11	Sep12	Mar13	Sep13	Mar14	Sep14
Total Assets	Get a 7-Day Free Trial			49.49	63.28	70.30	88.87	88.67

PXP Vietnam 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.

PXP Vietnam Fund's Total Assets for the fiscal year that ended in Sep. 2014 is calculated as

Total Assets	=	Total Equity (A: Sep. 2014 )	+	Total Liabilities (A: Sep. 2014 )
	=	88.334	+	0.33799999999999
	=	88.67

PXP Vietnam Fund's Total Assets for the quarter that ended in Sep. 2014 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2014 )	+	Total Liabilities (Q: Sep. 2014 )
	=	88.334	+	0.33799999999999
	=	88.67

PXP Vietnam Fund (LSE:VNF) Total Assets Explanation

Total Assets is connected with ROA %.

PXP Vietnam Fund's annualized ROA % for the quarter that ended in Sep. 2014 is

ROA %	=	Net Income (Q: Sep. 2014 )	/	( (Total Assets (Q: Mar. 2014 )	+	Total Assets (Q: Sep. 2014 ))	/ count )
	=	0.476	/	( (88.87	+	88.672)	/ 2 )
	=	0.476	/	88.771
	=	0.54 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2014) 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.

PXP Vietnam Fund's Asset Turnover for the quarter that ended in Sep. 2014 is

	Asset Turnover
=	Revenue (Q: Sep. 2014 )	/	( (Total Assets (Q: Mar. 2014 )	+	Total Assets (Q: Sep. 2014 ))	/ count )
=	1.717	/	( (88.87	+	88.672)	/ 2 )
=	1.717	/	88.771
=	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.

PXP Vietnam Fund Total Assets Related Terms

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PXP Vietnam Fund (LSE:VNF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PXP Vietnam Fund Ltd (LSE:VNF) » Definitions » Total Assets

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Address

Website

http://www.pxpam.com

PXP Vietnam Fund Ltd is a closed-end investment company. Its investment objective is to seek long-term capital appreciation of its assets by investing in a portfolio of the equity securities of Vietnamese companies, whether established with domestic or foreign ownership, which are either listed companies or prelisting companies.

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