Mindflair (LSE:MFAI) Total Assets : £9.06 Mil (As of Jun. 2024)

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What is Mindflair Total Assets?

Mindflair's Total Assets for the quarter that ended in Jun. 2024 was £9.06 Mil.

During the past 12 months, Mindflair's average Total Assets Growth Rate was 263.60% per year. During the past 3 years, the average Total Assets Growth Rate was 286.30% per year. During the past 5 years, the average Total Assets Growth Rate was 148.60% per year. During the past 10 years, the average Total Assets Growth Rate was 0.40% per year.

During the past 13 years, Mindflair's highest 3-Year average Total Assets Growth Rate was 286.30%. The lowest was -80.70%. And the median was -3.90%.

Total Assets is connected with ROA %. Mindflair's annualized ROA % for the quarter that ended in Jun. 2024 was 39.97%. Total Assets is also linked to Revenue through Asset Turnover. Mindflair's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Mindflair Total Assets Historical Data

The historical data trend for Mindflair'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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Mindflair Total Assets Chart

Mindflair Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Dec21

Dec22

Dec23

Total Assets

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1.09

2.60

7.40

9.35

7.39

Mindflair Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															9.41	9.35	8.80	7.39	9.06

Mindflair 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.

Mindflair'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 )
	=	5.844	+	1.549
	=	7.39

Mindflair'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 )
	=	7.488	+	1.57
	=	9.06

Mindflair (LSE:MFAI) Total Assets Explanation

Total Assets is connected with ROA %.

Mindflair'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 )
	=	3.288	/	( (7.393	+	9.058)	/ 2 )
	=	3.288	/	8.2255
	=	39.97 %

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.

Mindflair'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 )
=	0	/	( (7.393	+	9.058)	/ 2 )
=	0	/	8.2255
=	0.00

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.

Mindflair Total Assets Related Terms

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Mindflair Business Description

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Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.mindflair.tech

Mindflair PLC is an investment company providing investors with access to a portfolio of next-generation technology businesses focused on AI with remarkable growth potential. The Company is building an investment portfolio of high-tech businesses across areas such as Artificial intelligence, the Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing demand for development in these sectors.

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