Surface Transforms (LSE:SCE) Total Assets : £35.86 Mil (As of Jun. 2023)

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What is Surface Transforms Total Assets?

Surface Transforms's Total Assets for the quarter that ended in Jun. 2023 was £35.86 Mil.

Warning Sign:

If a company builds assets at 40.3% a year, faster than its revenue growth rate of 21.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Surface Transforms's average Total Assets Growth Rate was 73.70% per year. During the past 3 years, the average Total Assets Growth Rate was 50.40% per year. During the past 5 years, the average Total Assets Growth Rate was 40.30% per year. During the past 10 years, the average Total Assets Growth Rate was 37.80% per year.

During the past 13 years, Surface Transforms's highest 3-Year average Total Assets Growth Rate was 182.60%. The lowest was -25.70%. And the median was 19.65%.

Total Assets is connected with ROA %. Surface Transforms's annualized ROA % for the quarter that ended in Jun. 2023 was -25.46%. Total Assets is also linked to Revenue through Asset Turnover. Surface Transforms's Asset Turnover for the quarter that ended in Jun. 2023 was 0.09.

Surface Transforms Total Assets Historical Data

The historical data trend for Surface Transforms'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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Surface Transforms Total Assets Chart

Surface Transforms Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Total Assets

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8.18

9.34

8.62

26.37

40.18

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															25.78	26.37	24.77	40.18	35.86

Surface Transforms 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.

Surface Transforms's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	33.551	+	6.624
	=	40.18

Surface Transforms's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	28.99	+	6.872
	=	35.86

Surface Transforms (LSE:SCE) Total Assets Explanation

Total Assets is connected with ROA %.

Surface Transforms's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-9.68	/	( (40.175	+	35.862)	/ 2 )
	=	-9.68	/	38.0185
	=	-25.46 %

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

Surface Transforms's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	3.282	/	( (40.175	+	35.862)	/ 2 )
=	3.282	/	38.0185
=	0.09

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.

Surface Transforms Total Assets Related Terms

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Surface Transforms (LSE:SCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Surface Transforms PLC (LSE:SCE) » Definitions » Total Assets

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XE4:Germany

Address

Acornfield Road, Knowsley Industrial Estate, Image Business Park, Liverpool, GBR, L33 7UF

Website

https://www.surfacetransforms.com

Surface Transforms PLC is a company that develops, manufactures, and markets carbon-ceramic products for the brakes market. It also engages in developing new products and applications for carbon fiber-reinforced ceramic friction and non-friction materials. It has operations spread across the United Kingdom, Germany, Sweden the United States of America, the Rest of Europe, and the Rest of the World.

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