Latin American Discovery Fund (Latin American Discovery Fund) Total Assets : $72.22 Mil (As of Jun. 2018)

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What is Latin American Discovery Fund Total Assets?

Latin American Discovery Fund's Total Assets for the quarter that ended in Jun. 2018 was $72.22 Mil.

Total Assets is connected with ROA %. Latin American Discovery Fund's annualized ROA % for the quarter that ended in Jun. 2018 was -33.71%. Total Assets is also linked to Revenue through Asset Turnover. Latin American Discovery Fund's Asset Turnover for the quarter that ended in Jun. 2018 was -0.16.

Latin American Discovery Fund Total Assets Historical Data

The historical data trend for Latin American Discovery 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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Latin American Discovery Fund Total Assets Chart

Latin American Discovery Fund Annual Data

Trend

Dec17

Total Assets

86.93

Latin American Discovery Fund Semi-Annual Data
	Dec17	Jun18
Total Assets	86.93	72.22

Latin American Discovery 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.

Latin American Discovery Fund'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 )
	=	86.601	+	0.327
	=	86.93

Latin American Discovery Fund's Total Assets for the quarter that ended in Jun. 2018 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2018 )	+	Total Liabilities (Q: Jun. 2018 )
	=	71.714	+	0.504
	=	72.22

Latin American Discovery Fund (NYSE:LDF) Total Assets Explanation

Total Assets is connected with ROA %.

Latin American Discovery Fund's annualized ROA % for the quarter that ended in Jun. 2018 is

ROA %	=	Net Income (Q: Jun. 2018 )	/	( (Total Assets (Q: Dec. 2017 )	+	Total Assets (Q: Jun. 2018 ))	/ count )
	=	-26.826	/	( (86.928	+	72.218)	/ 2 )
	=	-26.826	/	79.573
	=	-33.71 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2018) 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.

Latin American Discovery Fund's Asset Turnover for the quarter that ended in Jun. 2018 is

	Asset Turnover
=	Revenue (Q: Jun. 2018 )	/	( (Total Assets (Q: Dec. 2017 )	+	Total Assets (Q: Jun. 2018 ))	/ count )
=	-12.797	/	( (86.928	+	72.218)	/ 2 )
=	-12.797	/	79.573
=	-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.

Latin American Discovery Fund Total Assets Related Terms

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Latin American Discovery Fund (Latin American Discovery Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Latin American Discovery Fund Inc (NYSE:LDF) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Website

https://www.morganstanley.com

Latin American Discovery Fund Inc is a non-diversified, closed-end management investment company. Its investment objective is long-term capital appreciation through investments in equity and debt securities issued or guaranteed governmental entity.

Executives

City Of London Investment Group Plc	10 percent owner	77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Eric J Carlson	officer: Portfolio Manager	MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036
Paul C Psaila	officer: Portfolio Manager	MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036
City Of London Investment Management Co Ltd	10 percent owner	77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Patricia A Maleski	director	C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Timothy J Knierim	officer: CCO	100 MULBERRY STREET, NEWARK NJ 07102
Nancy Everett	director	1812 PARK AVE, RICHMOND VA 23220
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Joseph C Benedetti	officer: Vice President	C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281
John H Gernon	officer: Principle Executive Officer	522 5TH AVENUE, NEW YORK NY 10036
Arthur Jason Lev	officer: President and PEO	522 5TH AVENUE, NEW YORK NY 10036
Gaite Ali	other: Portfolio Manager	522 5TH AVENUE, NEW YORK NY 10036
Sara Furber	officer: President and PEO	MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVE, NEW YORK NY 10036
Mary Ann Picciotto	officer: CCO of the Advisor	LORD, ABBETT & CO. LLC, 90 HUDSON STREET, JERSEY CITY NJ 07302
Frank J Smith	officer: PFO & Treasurer	C/O MORGAN STANLEY INVESTMENT MAN, 1221 AVENUE OF THE AVENUE 22ND FL, NEW YORK NY 10020

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