Minerva Knitwear (ATH:MIN) Total Assets : €27.85 Mil (As of Jun. 2024)

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What is Minerva Knitwear Total Assets?

Minerva Knitwear's Total Assets for the quarter that ended in Jun. 2024 was €27.85 Mil.

During the past 12 months, Minerva Knitwear's average Total Assets Growth Rate was 3.40% per year. During the past 3 years, the average Total Assets Growth Rate was 1.40% per year. During the past 5 years, the average Total Assets Growth Rate was 2.00% per year.

During the past 8 years, Minerva Knitwear's highest 3-Year average Total Assets Growth Rate was 2.90%. The lowest was -0.20%. And the median was 2.40%.

Total Assets is connected with ROA %. Minerva Knitwear's annualized ROA % for the quarter that ended in Jun. 2024 was -3.10%. Total Assets is also linked to Revenue through Asset Turnover. Minerva Knitwear's Asset Turnover for the quarter that ended in Jun. 2024 was 0.28.

Minerva Knitwear Total Assets Historical Data

The historical data trend for Minerva Knitwear'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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Minerva Knitwear Total Assets Chart

Minerva Knitwear Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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27.12

26.72

25.90

27.22

27.83

Minerva Knitwear Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial											27.64	27.22	27.03	27.83	27.85

Minerva Knitwear 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.

Minerva Knitwear'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 )
	=	4.345	+	23.489
	=	27.83

Minerva Knitwear's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	3.907	+	23.939
	=	27.85

Minerva Knitwear (ATH:MIN) Total Assets Explanation

Total Assets is connected with ROA %.

Minerva Knitwear's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-0.864	/	( (27.834	+	27.846)	/ 2 )
	=	-0.864	/	27.84
	=	-3.10 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) 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.

Minerva Knitwear's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	7.913	/	( (27.834	+	27.846)	/ 2 )
=	7.913	/	27.84
=	0.28

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.

Minerva Knitwear Total Assets Related Terms

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Minerva Knitwear Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Minerva Knitwear SA (ATH:MIN) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29

Website

http://www.minerva.gr

Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.