Mavenome and Growth VCT 3 (LSE:MIG3) Total Assets : £59.60 Mil (As of Nov. 2023)

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What is Mavenome and Growth VCT 3 Total Assets?

Mavenome and Growth VCT 3's Total Assets for the quarter that ended in Nov. 2023 was £59.60 Mil.

During the past 12 months, Mavenome and Growth VCT 3's average Total Assets Growth Rate was 34.90% per year. During the past 3 years, the average Total Assets Growth Rate was 17.80% 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 5.50% per year.

During the past 13 years, Mavenome and Growth VCT 3's highest 3-Year average Total Assets Growth Rate was 40.60%. The lowest was -16.60%. And the median was 11.70%.

Total Assets is connected with ROA %. Mavenome and Growth VCT 3's annualized ROA % for the quarter that ended in Nov. 2023 was -2.36%. Total Assets is also linked to Revenue through Asset Turnover. Mavenome and Growth VCT 3's Asset Turnover for the quarter that ended in Nov. 2023 was -0.01.

Mavenome and Growth VCT 3 Total Assets Historical Data

The historical data trend for Mavenome and Growth VCT 3'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 3 Total Assets Chart

Mavenome and Growth VCT 3 Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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40.78

45.03

49.57

60.12

59.60

Mavenome and Growth VCT 3 Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial															49.57	58.34	60.12	61.27	59.60

Mavenome and Growth VCT 3 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 3's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	59.337	+	0.265
	=	59.60

Mavenome and Growth VCT 3's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	59.337	+	0.265
	=	59.60

Mavenome and Growth VCT 3 (LSE:MIG3) Total Assets Explanation

Total Assets is connected with ROA %.

Mavenome and Growth VCT 3's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-1.428	/	( (61.266	+	59.602)	/ 2 )
	=	-1.428	/	60.434
	=	-2.36 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2023) 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 3's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	-0.503	/	( (61.266	+	59.602)	/ 2 )
=	-0.503	/	60.434
=	-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 3 Total Assets Related Terms

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Mavenome and Growth VCT 3 (LSE:MIG3) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Maven Income and Growth VCT 3 PLC (LSE:MIG3) » Definitions » Total Assets

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Address

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

Website

http://www.mavencp.com

Maven Income and Growth VCT 3 PLC is a part of the financial services sector. It operating as a venture capital trust, the company aims to achieve long-term capital growth and income for its shareholders. It follows a strategy of investing most of its funds in shares and securities of unquoted UK companies and AIM-quoted companies. The company funds portfolio includes Greater Manchester Loan Fund, Private Equity, and Property Fund.

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