Mavenome and Growth VCT (LSE:MIG1) Total Assets : £61.32 Mil (As of Feb. 2024)

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What is Mavenome and Growth VCT Total Assets?

Mavenome and Growth VCT's Total Assets for the quarter that ended in Feb. 2024 was £61.32 Mil.

During the past 12 months, Mavenome and Growth VCT's average Total Assets Growth Rate was 16.20% per year. During the past 3 years, the average Total Assets Growth Rate was 21.60% per year. During the past 5 years, the average Total Assets Growth Rate was 20.10% per year. During the past 10 years, the average Total Assets Growth Rate was 4.40% per year.

During the past 13 years, Mavenome and Growth VCT's highest 3-Year average Total Assets Growth Rate was 21.80%. The lowest was -15.60%. And the median was -1.60%.

Total Assets is connected with ROA %. Mavenome and Growth VCT's annualized ROA % for the quarter that ended in Feb. 2024 was -1.75%. Total Assets is also linked to Revenue through Asset Turnover. Mavenome and Growth VCT's Asset Turnover for the quarter that ended in Feb. 2024 was -0.01.

Mavenome and Growth VCT Total Assets Historical Data

The historical data trend for Mavenome and Growth VCT'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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Mavenome and Growth VCT Total Assets Chart

Mavenome and Growth VCT Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Assets

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43.14

40.61

60.23

57.89

61.32

Mavenome and Growth VCT Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Total Assets	Get a 7-Day Free Trial															60.23	57.68	57.89	61.02	61.32

Mavenome and Growth VCT 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.

Mavenome and Growth VCT's Total Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (A: Feb. 2024 )	+	Total Liabilities (A: Feb. 2024 )
	=	61.023	+	0.297
	=	61.32

Mavenome and Growth VCT's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	61.023	+	0.297
	=	61.32

Mavenome and Growth VCT (LSE:MIG1) Total Assets Explanation

Total Assets is connected with ROA %.

Mavenome and Growth VCT's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-1.07	/	( (61.021	+	61.32)	/ 2 )
	=	-1.07	/	61.1705
	=	-1.75 %

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

Mavenome and Growth VCT's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	-0.308	/	( (61.021	+	61.32)	/ 2 )
=	-0.308	/	61.1705
=	-0.01

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.

Mavenome and Growth VCT Total Assets Related Terms

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Mavenome and Growth VCT (LSE:MIG1) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Maven Income and Growth VCT PLC (LSE:MIG1) » Definitions » Total Assets

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Address

205 West George Street, Kintyre House, Glasgow, GBR, G2 2LW

Website

https://www.mavencp.com

Maven Income and Growth VCT PLC is a United Kingdom-based venture capital trust. Its investment objective is to achieve long-term capital appreciation and generate maintainable levels of income for the shareholders. The company seeks to achieve its objective by investing the majority of its funds in a diversified portfolio of shares and securities. Its portfolio includes smaller, unquoted UK companies and AIM (Alternative Investment Market) quoted companies. The company derives its revenue from the investments made in shares, securities, and bank deposits.

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