Mitchell Services (ASX:MSV) Total Assets : A$130.5 Mil (As of Dec. 2023)

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What is Mitchell Services Total Assets?

Mitchell Services's Total Assets for the quarter that ended in Dec. 2023 was A$130.5 Mil.

During the past 12 months, Mitchell Services's average Total Assets Growth Rate was -15.30% per year. During the past 3 years, the average Total Assets Growth Rate was -1.70% per year. During the past 5 years, the average Total Assets Growth Rate was 18.70% per year. During the past 10 years, the average Total Assets Growth Rate was 22.90% per year.

During the past 12 years, Mitchell Services's highest 3-Year average Total Assets Growth Rate was 49.20%. The lowest was -1.70%. And the median was 21.90%.

Total Assets is connected with ROA %. Mitchell Services's annualized ROA % for the quarter that ended in Dec. 2023 was 6.42%. Total Assets is also linked to Revenue through Asset Turnover. Mitchell Services's Asset Turnover for the quarter that ended in Dec. 2023 was 0.92.

Mitchell Services Total Assets Historical Data

The historical data trend for Mitchell Services'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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Mitchell Services Total Assets Chart

Mitchell Services Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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70.20

142.04

126.75

143.29

134.61

Mitchell Services Semi-Annual Data
	Jun14	Dec14	Jun15	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															132.76	143.29	134.10	134.61	130.48

Mitchell Services 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.

Mitchell Services'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 )
	=	67.1	+	67.504
	=	134.6

Mitchell Services'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 )
	=	65.199	+	65.283
	=	130.5

Mitchell Services (ASX:MSV) Total Assets Explanation

Total Assets is connected with ROA %.

Mitchell Services'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 )
	=	8.506	/	( (134.605	+	130.482)	/ 2 )
	=	8.506	/	132.5435
	=	6.42 %

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.

Mitchell Services'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 )
=	121.644	/	( (134.605	+	130.482)	/ 2 )
=	121.644	/	132.5435
=	0.92

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.

Mitchell Services Total Assets Related Terms

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Mitchell Services (ASX:MSV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mitchell Services Ltd (ASX:MSV) » Definitions » Total Assets

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Address

112 Bluestone Circuit, Seventeen Mile Rocks, Brisbane, QLD, AUS, 4073

Website

https://www.mitchellservices.com.au

Mitchell Services Ltd provides drilling services to the global exploration, mining, and energy industries. Its services extend across three key drilling divisions namely exploration, mine services, and underground. It provides drilling solutions at all stages of the mining lifecycle in both the minerals and energy sectors. The group's services include grassroots exploration, project feasibility, construction, production, closure and remediation. The company generates the majority of its revenue from Surface drilling services.

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