MCRAB (McRae Industries) Total Assets: $95.5 Mil (As of Jul. 2023)

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MCRAB McRae Industries Inc MCRAB
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What is McRae Industries Total Assets?

McRae Industries MCRAB 12 Total Assets is $95.5 Mil as of Jul. 2023. GuruFocus rates MCRAB with a GF Score™ of 12/100.

McRae Industries's Total Assets for the quarter that ended in Jul. 2023 was $95.5 Mil.

Total Assets is connected with ROA %. McRae Industries's annualized ROA % for the quarter that ended in Jul. 2023 was 8.64%. Total Assets is also linked to Revenue through Asset Turnover. McRae Industries's Asset Turnover for the quarter that ended in Jul. 2023 was 1.34.

McRae Industries  (OTCPK:MCRAB) Total Assets Explanation

Total Assets is connected with ROA %.

McRae Industries's annualized ROA % for the quarter that ended in Jul. 2023 is

ROA %=Net Income (Q: Jul. 2023 )/( (Total Assets (Q: Jul. 2022 )+Total Assets (Q: Jul. 2023 ))/ count )
=8.061/( (91.044+95.469)/ 2 )
=8.061/93.2565
=8.64 %

Note: The Net Income data used here is one times the annual (Jul. 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.

McRae Industries's Asset Turnover for the quarter that ended in Jul. 2023 is

Asset Turnover
=Revenue (Q: Jul. 2023 )/( (Total Assets (Q: Jul. 2022 )+Total Assets (Q: Jul. 2023 ))/ count )
=124.702/( (91.044+95.469)/ 2 )
=124.702/93.2565
=1.34

* 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.

McRae Industries Total Assets Related Terms

McRae Industries Total Assets Historical Data

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The historical data trend for McRae Industries'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.

McRae Industries Total Assets Chart

McRae Industries Annual Data
Trend Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.55 43.01 0.00 91.04 95.47

McRae Industries Semi-Annual Data
Jul89 Jul90 Jul91 Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.55 43.01 0.00 91.04 95.47
MCRAB
12GF Score
McRae Industries Inc MCRAB
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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McRae Industries 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.

McRae Industries's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets=Total Equity (A: Jul. 2023 )+Total Liabilities (A: Jul. 2023 )
=86.917+8.552
=95.5

McRae Industries's Total Assets for the quarter that ended in Jul. 2023 is calculated as

Total Assets=Total Equity (Q: Jul. 2023 )+Total Liabilities (Q: Jul. 2023 )
=86.917+8.552
=95.5

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $95.5 Mil mean?
McRae Industries (MCRAB) has a Total Assets of $95.5 Mil as of Jul. 2023. The total amount of assets as recorded on a company's balance sheet. View historical data on McRae Industries and its competitors.
Is McRae Industries' Total Assets too high?
McRae Industries' current Total Assets is $95.5 Mil. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' Total Assets compare to RCKY and DBI?
McRae Industries' Total Assets of $95.5 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Manufacturing - Apparel & Accessories company?
A good Total Assets depends on the Manufacturing - Apparel & Accessories industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on McRae Industries and its competitors. McRae Industries's current Total Assets is $95.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAB) has a current Total Assets of $95.5 Mil. The current Total Assets is $95.5 Mil. McRae Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For McRae Industries (MCRAB), the current Total Assets is $95.5 Mil as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

McRae Industries Business Description

Address 400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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