McGrath (ASX:MEA) Total Assets : A$85.76 Mil (As of Dec. 2023)

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What is McGrath Total Assets?

McGrath's Total Assets for the quarter that ended in Dec. 2023 was A$85.76 Mil.

During the past 12 months, McGrath's average Total Assets Growth Rate was -31.30% per year. During the past 3 years, the average Total Assets Growth Rate was -4.30% per year. During the past 5 years, the average Total Assets Growth Rate was 4.70% per year.

During the past 8 years, McGrath's highest 3-Year average Total Assets Growth Rate was 14.00%. The lowest was -31.40%. And the median was -4.30%.

Total Assets is connected with ROA %. McGrath's annualized ROA % for the quarter that ended in Dec. 2023 was 17.91%. Total Assets is also linked to Revenue through Asset Turnover. McGrath's Asset Turnover for the quarter that ended in Dec. 2023 was 0.49.

McGrath Total Assets Historical Data

The historical data trend for McGrath'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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McGrath Total Assets Chart

McGrath Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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49.59

79.79

101.60

92.99

81.84

McGrath Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial												102.96	92.99	86.49	81.84	85.76

McGrath 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.

McGrath's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	52.086	+	29.758
	=	81.84

McGrath'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 )
	=	53.796	+	31.967
	=	85.76

McGrath (ASX:MEA) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	15.008	/	( (81.844	+	85.763)	/ 2 )
	=	15.008	/	83.8035
	=	17.91 %

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

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

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	40.716	/	( (81.844	+	85.763)	/ 2 )
=	40.716	/	83.8035
=	0.49

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.

McGrath Total Assets Related Terms

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McGrath (ASX:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » McGrath Ltd (ASX:MEA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Pyrmont Street, Pyrmont, NSW, AUS, 2009

Website

https://www.mcgrath.com.au

McGrath Ltd is a real estate company. It provides a range of services including residential property sales, property management, mortgage broking, auction services, and career training. It operates in the following segments: Company owned sales; Company owned property management; Franchise services; and Other. Geographically, all the business activities of the group function through Australia. The majority of its revenue gets derived from Company owned sales segment that comprises company-owned sales offices for which McGrath earns sales commission revenue including property marketing fees paid by vendor clients.

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