Morgan Advanced Materials (LSE:MGAM) Total Assets : £1,054 Mil (As of Jun. 2024)

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What is Morgan Advanced Materials Total Assets?

Morgan Advanced Materials's Total Assets for the quarter that ended in Jun. 2024 was £1,054 Mil.

During the past 12 months, Morgan Advanced Materials's average Total Assets Growth Rate was 2.30% per year. During the past 3 years, the average Total Assets Growth Rate was 4.80% per year. During the past 10 years, the average Total Assets Growth Rate was 0.40% per year.

During the past 13 years, Morgan Advanced Materials's highest 3-Year average Total Assets Growth Rate was 29.70%. The lowest was -17.10%. And the median was 3.10%.

Total Assets is connected with ROA %. Morgan Advanced Materials's annualized ROA % for the quarter that ended in Jun. 2024 was 7.20%. Total Assets is also linked to Revenue through Asset Turnover. Morgan Advanced Materials's Asset Turnover for the quarter that ended in Jun. 2024 was 0.55.

Morgan Advanced Materials Total Assets Historical Data

The historical data trend for Morgan Advanced Materials'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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Morgan Advanced Materials Total Assets Chart

Morgan Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,049.20

930.50

912.50

1,020.30

1,024.70

Morgan Advanced Materials Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															997.60	1,020.30	1,054.60	1,024.70	1,054.40

Morgan Advanced Materials 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.

Morgan Advanced Materials'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 )
	=	398.6	+	626.1
	=	1,025

Morgan Advanced Materials'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 )
	=	412.3	+	642.1
	=	1,054

Morgan Advanced Materials (LSE:MGAM) Total Assets Explanation

Total Assets is connected with ROA %.

Morgan Advanced Materials'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 )
	=	74.8	/	( (1024.7	+	1054.4)	/ 2 )
	=	74.8	/	1039.55
	=	7.20 %

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.

Morgan Advanced Materials'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 )
=	572.6	/	( (1024.7	+	1054.4)	/ 2 )
=	572.6	/	1039.55
=	0.55

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.

Morgan Advanced Materials Total Assets Related Terms

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Morgan Advanced Materials Business Description

Industry

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Comparable Companies

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MCRUF:USA MGAMl:UK MGJ:Germany

Address

Sheet Street, York House, Windsor, GBR, SL4 1DD

Website

https://www.morganadvancedmaterials.com

Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.