Mitsubishi Electric's Total Assets for the quarter that ended in Dec. 2023 was $40,250 Mil.
During the past 12 months, Mitsubishi Electric's average Total Assets Growth Rate was 9.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.80% per year.
During the past 13 years, Mitsubishi Electric's highest 3-Year average Total Assets Growth Rate was 8.50%. The lowest was -8.80%. And the median was 2.10%.
Total Assets is connected with ROA %. Mitsubishi Electric's annualizedROA % for the quarter that ended in Dec. 2023 was 4.64%. Total Assets is also linked to Revenue through Asset Turnover. Mitsubishi Electric's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.
Mitsubishi Electric Total Assets Historical Data
The historical data trend for Mitsubishi Electric'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.
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.
Mitsubishi Electric's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Mitsubishi Electric (OTCPK:MIELY) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
Mitsubishi Electric's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Mitsubishi Electric Total Assets Related Terms
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Mitsubishi Electric (Mitsubishi Electric) Business Description
Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.
Mitsubishi Electric (Mitsubishi Electric) Headlines
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