Mitek Systems's Total Assets for the quarter that ended in Dec. 2023 was $405.4 Mil.
Warning Sign:
If a company builds assets at 26.7% a year, faster than its revenue growth rate of 15.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Mitek Systems's average Total Assets Growth Rate was -0.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 35.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 26.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 57.90% per year.
During the past 13 years, Mitek Systems's highest 3-Year average Total Assets Growth Rate was 108.70%. The lowest was -46.10%. And the median was 18.60%.
Total Assets is connected with ROA %. Mitek Systems's annualizedROA % for the quarter that ended in Dec. 2023 was -5.72%. Total Assets is also linked to Revenue through Asset Turnover. Mitek Systems's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
Mitek Systems Total Assets Historical Data
The historical data trend for Mitek Systems'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.
Mitek Systems's Total Assets for the fiscal year that ended in Sep. 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.
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.
Mitek Systems'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.
Mitek Systems Total Assets Related Terms
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Mitek Systems (Mitek Systems) Business Description
Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.
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