Mercantile Investment Trust (The) (LSE:MRC) Total Assets : £2,479.3 Mil (As of Jul. 2024)

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What is Mercantile Investment Trust (The) Total Assets?

Mercantile Investment Trust (The)'s Total Assets for the quarter that ended in Jul. 2024 was £2,479.3 Mil.

During the past 12 months, Mercantile Investment Trust (The)'s average Total Assets Growth Rate was 19.60% per year. During the past 3 years, the average Total Assets Growth Rate was -1.80% per year. During the past 5 years, the average Total Assets Growth Rate was 2.00% per year. During the past 10 years, the average Total Assets Growth Rate was 2.70% per year.

During the past 13 years, Mercantile Investment Trust (The)'s highest 3-Year average Total Assets Growth Rate was 21.20%. The lowest was -24.10%. And the median was 5.90%.

Total Assets is connected with ROA %. Mercantile Investment Trust (The)'s annualized ROA % for the quarter that ended in Jul. 2024 was 27.95%. Total Assets is also linked to Revenue through Asset Turnover. Mercantile Investment Trust (The)'s Asset Turnover for the quarter that ended in Jul. 2024 was 0.14.

Mercantile Investment Trust (The) Total Assets Historical Data

The historical data trend for Mercantile Investment Trust (The)'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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Mercantile Investment Trust (The) Total Assets Chart

Mercantile Investment Trust (The) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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2,366.54

2,266.03

2,535.05

2,203.10

2,212.80

Mercantile Investment Trust (The) Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Total Assets	Get a 7-Day Free Trial															2,216.41	2,203.10	2,160.59	2,212.80	2,479.28

Mercantile Investment Trust (The) 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.

Mercantile Investment Trust (The)'s Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	1865.619	+	347.182
	=	2,212.8

Mercantile Investment Trust (The)'s Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	2141.011	+	338.273
	=	2,479.3

Mercantile Investment Trust (The) (LSE:MRC) Total Assets Explanation

Total Assets is connected with ROA %.

Mercantile Investment Trust (The)'s annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	655.804	/	( (2212.801	+	2479.284)	/ 2 )
	=	655.804	/	2346.0425
	=	27.95 %

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

Mercantile Investment Trust (The)'s Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	329.228	/	( (2212.801	+	2479.284)	/ 2 )
=	329.228	/	2346.0425
=	0.14

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.

Mercantile Investment Trust (The) Total Assets Related Terms

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Mercantile Investment Trust (The) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mercantile Investment Trust (The) PLC (LSE:MRC) » Definitions » Total Assets

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MRCl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.mercantileit.co.uk

Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of securities of companies from various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.