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Alpha Strategic (LSE:APS) Total Assets : £2.45 Mil (As of Sep. 2013)


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What is Alpha Strategic Total Assets?

Alpha Strategic's Total Assets for the quarter that ended in Sep. 2013 was £2.45 Mil.

Total Assets is connected with ROA %. Alpha Strategic's annualized ROA % for the quarter that ended in Sep. 2013 was -70.05%. Total Assets is also linked to Revenue through Asset Turnover. Alpha Strategic's Asset Turnover for the quarter that ended in Sep. 2013 was 0.01.


Alpha Strategic Total Assets Historical Data

The historical data trend for Alpha Strategic'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.

* Premium members only.

Alpha Strategic Total Assets Chart

Alpha Strategic Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
Total Assets
Get a 7-Day Free Trial 2.65 3.29 3.33 5.34 3.21

Alpha Strategic Semi-Annual Data
Sep06 Mar07 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.48 5.34 3.48 3.21 2.45

Alpha Strategic 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.

Alpha Strategic's Total Assets for the fiscal year that ended in Mar. 2013 is calculated as

Total Assets=Total Equity (A: Mar. 2013 )+Total Liabilities (A: Mar. 2013 )
=3.091+0.117
=3.21

Alpha Strategic's Total Assets for the quarter that ended in Sep. 2013 is calculated as

Total Assets=Total Equity (Q: Sep. 2013 )+Total Liabilities (Q: Sep. 2013 )
=2.101+0.344
=2.45

* 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.


Alpha Strategic  (LSE:APS) Total Assets Explanation

Total Assets is connected with ROA %.

Alpha Strategic's annualized ROA % for the quarter that ended in Sep. 2013 is

ROA %=Net Income (Q: Sep. 2013 )/( (Total Assets (Q: Mar. 2013 )+Total Assets (Q: Sep. 2013 ))/ count )
=-1.98/( (3.208+2.445)/ 2 )
=-1.98/2.8265
=-70.05 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2013) 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.

Alpha Strategic's Asset Turnover for the quarter that ended in Sep. 2013 is

Asset Turnover
=Revenue (Q: Sep. 2013 )/( (Total Assets (Q: Mar. 2013 )+Total Assets (Q: Sep. 2013 ))/ count )
=0.026/( (3.208+2.445)/ 2 )
=0.026/2.8265
=0.01

* 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.

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.

Alpha Strategic Total Assets Related Terms

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Alpha Strategic (LSE:APS) Business Description

Traded in Other Exchanges
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Address
Alpha Strategic PLC is engaged in acquiring shares in, or entering joint ventures with, or providing services to, hedge fund management businesses, so as to acquire high quality diversified revenue streams. The group operates within the United Kingdom.

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