Mestek (Mestek) Total Assets : $435.1 Mil (As of Sep. 2023)

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What is Mestek Total Assets?

Mestek's Total Assets for the quarter that ended in Sep. 2023 was $435.1 Mil.

During the past 12 months, Mestek's average Total Assets Growth Rate was 82.90% per year. During the past 3 years, the average Total Assets Growth Rate was 5.20% per year. During the past 5 years, the average Total Assets Growth Rate was 3.00% per year. During the past 10 years, the average Total Assets Growth Rate was -2.60% per year.

During the past 13 years, Mestek's highest 3-Year average Total Assets Growth Rate was 107.20%. The lowest was -52.30%. And the median was 5.20%.

Total Assets is connected with ROA %. Mestek's annualized ROA % for the quarter that ended in Sep. 2023 was 5.39%. Total Assets is also linked to Revenue through Asset Turnover. Mestek's Asset Turnover for the quarter that ended in Sep. 2023 was 0.25.

Mestek Total Assets Historical Data

The historical data trend for Mestek'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.

* Premium members only.

Mestek Total Assets Chart

Mestek Annual Data

Trend

Dec03

Dec04

Dec05

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Assets

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213.72

238.11

238.67

246.94

265.81

Mestek Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Sep22	Sep23
Total Assets	Get a 7-Day Free Trial															271.54	272.02	273.42	-	435.07

Mestek 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.

Mestek's Total Assets for the fiscal year that ended in Dec. 2017 is calculated as

Total Assets	=	Total Equity (A: Dec. 2017 )	+	Total Liabilities (A: Dec. 2017 )
	=	193.137	+	72.674
	=	265.8

Mestek's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	326.092	+	108.977
	=	435.1

Mestek (OTCPK:MCCK) Total Assets Explanation

Total Assets is connected with ROA %.

Mestek's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	23.46	/	( (0	+	435.069)	/ 1 )
	=	23.46	/	435.069
	=	5.39 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

Mestek's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	108.983	/	( (0	+	435.069)	/ 1 )
=	108.983	/	435.069
=	0.25

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.

Mestek Total Assets Related Terms

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Mestek (Mestek) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mestek Inc (OTCPK:MCCK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 North Elm Street, Westfield, MA, USA, 1085

Website

https://www.mestek.com

Mestek Inc and its subsidiaries operate in two manufacturing business segments: heating, ventilating, and air conditioning equipment (HVAC) including architectural products, and metal forming equipment. The company manufactures its HVAC equipment and metal forming equipment at twelve factory locations and sells through an established distributor, dealer, and manufacturer's representative channels, in the United States and Canada. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe, Asia, Mexico, and the Rest of the World.

Executives

J Nicholas Filler

officer: Senior Vice President

455 MATHEWS ROAD, CONWAY MA 01341

Mestek (Mestek) Headlines

From GuruFocus

Mestek (MCCK): a pinksheet stock w/ significant upside potential

By whopper investments whopper investments • 08-16-2012