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Made Tech Group (LSE:MTEC) Total Assets : £19.98 Mil (As of Nov. 2023)


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What is Made Tech Group Total Assets?

Made Tech Group's Total Assets for the quarter that ended in Nov. 2023 was £19.98 Mil.

During the past 12 months, Made Tech Group's average Total Assets Growth Rate was 15.30% per year. During the past 3 years, the average Total Assets Growth Rate was 72.80% per year.

During the past 5 years, Made Tech Group's highest 3-Year average Total Assets Growth Rate was 90.00%. The lowest was 72.80%. And the median was 81.40%.

Total Assets is connected with ROA %. Made Tech Group's annualized ROA % for the quarter that ended in Nov. 2023 was -9.71%. Total Assets is also linked to Revenue through Asset Turnover. Made Tech Group's Asset Turnover for the quarter that ended in Nov. 2023 was 0.95.

Made Tech Group Total Assets Historical Data

The historical data trend for Made Tech Group'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.

* Premium members only.

Made Tech Group Total Assets Chart

Made Tech Group Annual Data
Trend May19 May20 May21 May22 May23
Total Assets
2.44 3.26 4.22 21.18 20.18

Made Tech Group Semi-Annual Data
May19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Total Assets Get a 7-Day Free Trial Premium Member Only 16.89 21.18 19.45 20.18 19.98

Made Tech Group 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.

Made Tech Group's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets=Total Equity (A: May. 2023 )+Total Liabilities (A: May. 2023 )
=15.211+4.968
=20.18

Made Tech Group'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 )
=14.717+5.265
=19.98

* 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.

Made Tech Group  (LSE:MTEC) Total Assets Explanation

Total Assets is connected with ROA %.

Made Tech Group'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 )
=-1.95/( (20.179+19.982)/ 2 )
=-1.95/20.0805
=-9.71 %

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.

Made Tech Group'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 )
=19.134/( (20.179+19.982)/ 2 )
=19.134/20.0805
=0.95

* 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.

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.

Made Tech Group Total Assets Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Total Assets
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Traded in Other Exchanges
5UH:Germany
Address
4 O’Meara Street, London, GBR, SE1 1TE
Website
https://www.madetech.com
Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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