M&G Creditome Investment Trust (LSE:MGCI) Total Assets : £140.38 Mil (As of Jun. 2024)

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What is M&G Creditome Investment Trust Total Assets?

M&G Creditome Investment Trust's Total Assets for the quarter that ended in Jun. 2024 was £140.38 Mil.

During the past 12 months, M&G Creditome Investment Trust's average Total Assets Growth Rate was 2.00% per year. During the past 3 years, the average Total Assets Growth Rate was -1.40% per year.

During the past 5 years, M&G Creditome Investment Trust's highest 3-Year average Total Assets Growth Rate was 3.20%. The lowest was -1.40%. And the median was 0.90%.

Total Assets is connected with ROA %. M&G Creditome Investment Trust's annualized ROA % for the quarter that ended in Jun. 2024 was 8.77%. Total Assets is also linked to Revenue through Asset Turnover. M&G Creditome Investment Trust's Asset Turnover for the quarter that ended in Jun. 2024 was 0.05.

M&G Creditome Investment Trust Total Assets Historical Data

The historical data trend for M&G Creditome Investment Trust'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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M&G Creditome Investment Trust Total Assets Chart

M&G Creditome Investment Trust Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

133.29

148.94

144.85

144.83

139.04

M&G Creditome Investment Trust Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial				141.15	144.83	137.74	139.04	140.38

M&G Creditome Investment Trust 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.

M&G Creditome Investment Trust'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 )
	=	135.285	+	3.756
	=	139.04

M&G Creditome Investment Trust'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 )
	=	136.64	+	3.736
	=	140.38

M&G Creditome Investment Trust (LSE:MGCI) Total Assets Explanation

Total Assets is connected with ROA %.

M&G Creditome Investment Trust'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 )
	=	12.252	/	( (139.041	+	140.376)	/ 2 )
	=	12.252	/	139.7085
	=	8.77 %

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.

M&G Creditome Investment Trust'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 )
=	6.548	/	( (139.041	+	140.376)	/ 2 )
=	6.548	/	139.7085
=	0.05

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.

M&G Creditome Investment Trust Total Assets Related Terms

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M&G Creditome Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G Credit Income Investment Trust PLC (LSE:MGCI) » Definitions » Total Assets

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Traded in Other Exchanges

MGCIl:UK

Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.mandg.co.uk

M&G Credit Income Investment Trust PLC is an UK based asset management company. The principal activity of the group is to invest in a diversified portfolio of public and private Debt Instruments, with a view to achieving the company's investment objective. Its investment objective is to generate a regular and attractive level of income with low asset value volatility.

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