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Machten (Machten) Total Assets : $30.00 Mil (As of Sep. 2023)


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What is Machten Total Assets?

Machten's Total Assets for the quarter that ended in Sep. 2023 was $30.00 Mil.

Total Assets is connected with ROA %. Machten's annualized ROA % for the quarter that ended in Sep. 2023 was 14.81%. Total Assets is also linked to Revenue through Asset Turnover. Machten's Asset Turnover for the quarter that ended in Sep. 2023 was 0.14.

Machten Total Assets Historical Data

The historical data trend for Machten'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.

Machten Total Assets Chart

Machten Annual Data
Trend
Total Assets

Machten Quarterly Data
Jun22 Sep22 Jun23 Sep23
Total Assets - - 28.86 30.00

Machten 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.

Machten's Total Assets for the fiscal year that ended in . 20 is calculated as

Total Assets=Total Equity (A: . 20 )+Total Liabilities (A: . 20 )
=N/A+N/A
=N/A

Machten's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=8.422+21.582
=30.00

* 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.

Machten  (OTCPK:MACT) Total Assets Explanation

Total Assets is connected with ROA %.

Machten's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=4.36/( (28.859+30.004)/ 2 )
=4.36/29.4315
=14.81 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Machten's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=4.131/( (28.859+30.004)/ 2 )
=4.131/29.4315
=0.14

* 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.

Machten Total Assets Related Terms

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Machten (Machten) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Machten Inc (OTCPK:MACT) » Definitions » Total Assets
Comparable Companies
HMMR ATGN MIMO DTGI IQST FULO SLDC GZIC KTEL KORE SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL TSE:9433 HKSE:00728
Traded in Other Exchanges
N/A
Address
1516 Barlow Street, Suite D, Traverse City, MI, USA, 49686
Website
Machten Inc is an integrated provider of voice, broadband, and internet access services. It provides high-speed broadband services, including internet access, through fiber optic facilities, copper-based DSL, fixed wireless facilities, and coaxial cable via cable modems.
Executives
Mario J Gabelli 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc. 10 percent owner 189 MASON STREET, GREENWICH CT 06830
Ggcp Holdings Llc 10 percent owner 140 GREENWICH AVENUE, GREENWICH CT 06830
Lict Corp 10 percent owner 401 THEODORE FREMD AVE, RYE NY 10580
Patrick J Hansen director C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Stephen J. Moore officer: Interim CFO C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Katherine Tansey director C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Gary L Sugarman director C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Philip J. Lombardo director C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Daniel M. Miller director, officer: Chief Executive Officer C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686

Machten (Machten) Headlines

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