Minerals Technologies (Minerals Technologies) Total Assets

: $3,347 Mil (As of Dec. 2023)

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Minerals Technologies's Total Assets for the quarter that ended in Dec. 2023 was $3,347 Mil.

During the past 12 months, Minerals Technologies's average Total Assets Growth Rate was -3.90% per year. During the past 3 years, the average Total Assets Growth Rate was 2.20% per year. During the past 5 years, the average Total Assets Growth Rate was 1.80% per year. During the past 10 years, the average Total Assets Growth Rate was 7.60% per year.

During the past 13 years, Minerals Technologies's highest 3-Year average Total Assets Growth Rate was 57.00%. The lowest was -12.30%. And the median was 3.60%.

Total Assets is connected with ROA %. Minerals Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was 4.75%. Total Assets is also linked to Revenue through Asset Turnover. Minerals Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.16.

Minerals Technologies Total Assets Historical Data

The historical data trend for Minerals Technologies'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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Minerals Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,112.60

3,209.40

3,374.20

3,401.60

3,346.60

Minerals Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															3,401.60	3,450.70	3,408.20	3,344.70	3,346.60

Minerals Technologies 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.

Minerals Technologies's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1686.7	+	1659.9
	=	3,347

Minerals Technologies's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1686.7	+	1659.9
	=	3,347

Minerals Technologies (NYSE:MTX) Total Assets Explanation

Total Assets is connected with ROA %.

Minerals Technologies's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	158.8	/	( (3344.7	+	3346.6)	/ 2 )
	=	158.8	/	3345.65
	=	4.75 %

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.

Minerals Technologies's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	524.5	/	( (3344.7	+	3346.6)	/ 2 )
=	524.5	/	3345.65
=	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.

Minerals Technologies Total Assets Related Terms

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Minerals Technologies (Minerals Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Minerals Technologies Inc (NYSE:MTX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MNK:Germany

Address

622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707

Website

https://www.mineralstech.com

Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.

Executives

Dj Iii Monagle	officer: Vice President	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Brett Argirakis	officer: Vice President	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Michael Cipolla	officer: CONTROLLER	C/O MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE, NEW YORK NY 10017
Douglas T Dietrich	officer: Vice President	622 THIRD AVENUE, NEW YORK X1 10017
Jonathan J Hastings	officer: Vice President	622 THIRD AVENUE, NEW YORK NY 10017
Rocky Motwani	director	MINERALS TECHNOLOGIES INC., 622 3RD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Marc E Robinson	director	MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Joseph C. Breunig	director	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Alison Ann Deans	director	C/O NEUBERGER BERMAN, LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Franklin Feder	director	MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
John J Carmola	director	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Robert L Clark	director	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Carolyn K Pittman	director	622 THIRD AVENUE 38TH FL, MINERALS TECHNOLOGIES, NEW YORK NY 10017
Timothy Jordan	officer: Vice President	622 3RD AVENUE, 38TH FL, NEW YORK NY 10017
Thomas J Meek	officer: Vice President	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017