FRMO (FRMO) Total Assets : $110.45 Mil (As of May. 2014)

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What is FRMO Total Assets?

FRMO's Total Assets for the quarter that ended in May. 2014 was $110.45 Mil.

Total Assets is connected with ROA %. FRMO's annualized ROA % for the quarter that ended in May. 2014 was 3.75%. Total Assets is also linked to Revenue through Asset Turnover. FRMO's Asset Turnover for the quarter that ended in May. 2014 was 0.06.

FRMO Total Assets Historical Data

The historical data trend for FRMO'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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FRMO Total Assets Chart

FRMO Annual Data

Trend

Feb00

Feb01

Feb02

Feb03

Feb04

May12

May13

May14

Total Assets

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0.23

1.16

59.31

96.02

110.45

FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Total Assets	Get a 7-Day Free Trial			0.23	1.16	59.31	96.02	110.45

FRMO 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.

FRMO's Total Assets for the fiscal year that ended in May. 2014 is calculated as

Total Assets	=	Total Equity (A: May. 2014 )	+	Total Liabilities (A: May. 2014 )
	=	94.051	+	16.393
	=	110.44

FRMO's Total Assets for the quarter that ended in May. 2014 is calculated as

Total Assets	=	Total Equity (Q: May. 2014 )	+	Total Liabilities (Q: May. 2014 )
	=	94.051	+	16.393
	=	110.44

FRMO (OTCPK:FRMO) Total Assets Explanation

Total Assets is connected with ROA %.

FRMO's annualized ROA % for the quarter that ended in May. 2014 is

ROA %	=	Net Income (Q: May. 2014 )	/	( (Total Assets (Q: May. 2013 )	+	Total Assets (Q: May. 2014 ))	/ count )
	=	3.873	/	( (96.017	+	110.445)	/ 2 )
	=	3.873	/	103.231
	=	3.75 %

Note: The Net Income data used here is one times the annual (May. 2014) 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.

FRMO's Asset Turnover for the quarter that ended in May. 2014 is

	Asset Turnover
=	Revenue (Q: May. 2014 )	/	( (Total Assets (Q: May. 2013 )	+	Total Assets (Q: May. 2014 ))	/ count )
=	6.386	/	( (96.017	+	110.445)	/ 2 )
=	6.386	/	103.231
=	0.06

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.

FRMO Total Assets Related Terms

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FRMO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FRMO Corp (OTCPK:FRMO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is an intellectual capital firm identifying and managing investment strategies and business opportunities.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527