HiWave Technologies (LSE:HIW) Total Assets : £2.15 Mil (As of Sep. 2012)

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What is HiWave Technologies Total Assets?

HiWave Technologies's Total Assets for the quarter that ended in Sep. 2012 was £2.15 Mil.

During the past 12 months, HiWave Technologies's average Total Assets Growth Rate was -2.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1.80% per year. During the past 5 years, the average Total Assets Growth Rate was 11.50% per year. During the past 10 years, the average Total Assets Growth Rate was -16.40% per year.

During the past 13 years, HiWave Technologies's highest 3-Year average Total Assets Growth Rate was 26.00%. The lowest was -36.10%. And the median was -9.10%.

Total Assets is connected with ROA %. HiWave Technologies's annualized ROA % for the quarter that ended in Sep. 2012 was -89.85%. Total Assets is also linked to Revenue through Asset Turnover. HiWave Technologies's Asset Turnover for the quarter that ended in Sep. 2012 was 0.20.

HiWave Technologies Total Assets Historical Data

The historical data trend for HiWave Technologies'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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HiWave Technologies Total Assets Chart

HiWave Technologies Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Sep11

Sep12

Total Assets

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2.59

2.28

1.78

5.25

2.15

HiWave Technologies Semi-Annual Data
	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Mar12	Sep12
Total Assets	Get a 7-Day Free Trial															1.78	7.05	5.63	4.14	2.15

HiWave Technologies 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.

HiWave Technologies's Total Assets for the fiscal year that ended in Sep. 2012 is calculated as

Total Assets	=	Total Equity (A: Sep. 2012 )	+	Total Liabilities (A: Sep. 2012 )
	=	1.521	+	0.627
	=	2.15

HiWave Technologies's Total Assets for the quarter that ended in Sep. 2012 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2012 )	+	Total Liabilities (Q: Sep. 2012 )
	=	1.521	+	0.627
	=	2.15

HiWave Technologies (LSE:HIW) Total Assets Explanation

Total Assets is connected with ROA %.

HiWave Technologies's annualized ROA % for the quarter that ended in Sep. 2012 is

ROA %	=	Net Income (Q: Sep. 2012 )	/	( (Total Assets (Q: Mar. 2012 )	+	Total Assets (Q: Sep. 2012 ))	/ count )
	=	-2.824	/	( (4.138	+	2.148)	/ 2 )
	=	-2.824	/	3.143
	=	-89.85 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2012) 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.

HiWave Technologies's Asset Turnover for the quarter that ended in Sep. 2012 is

	Asset Turnover
=	Revenue (Q: Sep. 2012 )	/	( (Total Assets (Q: Mar. 2012 )	+	Total Assets (Q: Sep. 2012 ))	/ count )
=	0.631	/	( (4.138	+	2.148)	/ 2 )
=	0.631	/	3.143
=	0.20

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.

HiWave Technologies Total Assets Related Terms

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