Microwave Filter Co (Microwave Filter Co) Total Assets : $1.74 Mil (As of Jun. 2019)

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What is Microwave Filter Co Total Assets?

Microwave Filter Co's Total Assets for the quarter that ended in Jun. 2019 was $1.74 Mil.

Total Assets is connected with ROA %. Microwave Filter Co's annualized ROA % for the quarter that ended in Jun. 2019 was -2.74%. Total Assets is also linked to Revenue through Asset Turnover. Microwave Filter Co's Asset Turnover for the quarter that ended in Jun. 2019 was 0.48.

Microwave Filter Co Total Assets Historical Data

The historical data trend for Microwave Filter Co'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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Microwave Filter Co Total Assets Chart

Microwave Filter Co Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Total Assets

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2.50

2.22

2.13

1.83

1.77

Microwave Filter Co Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Total Assets	Get a 7-Day Free Trial															1.60	1.77	1.66	1.76	1.74

Microwave Filter Co 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.

Microwave Filter Co's Total Assets for the fiscal year that ended in Sep. 2018 is calculated as

Total Assets	=	Total Equity (A: Sep. 2018 )	+	Total Liabilities (A: Sep. 2018 )
	=	1.19	+	0.58
	=	1.77

Microwave Filter Co's Total Assets for the quarter that ended in Jun. 2019 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2019 )	+	Total Liabilities (Q: Jun. 2019 )
	=	1.202	+	0.54
	=	1.74

Microwave Filter Co (OTCPK:MFCO) Total Assets Explanation

Total Assets is connected with ROA %.

Microwave Filter Co's annualized ROA % for the quarter that ended in Jun. 2019 is

ROA %	=	Net Income (Q: Jun. 2019 )	/	( (Total Assets (Q: Mar. 2019 )	+	Total Assets (Q: Jun. 2019 ))	/ count )
	=	-0.048	/	( (1.764	+	1.743)	/ 2 )
	=	-0.048	/	1.7535
	=	-2.74 %

Note: The Net Income data used here is four times the quarterly (Jun. 2019) 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.

Microwave Filter Co's Asset Turnover for the quarter that ended in Jun. 2019 is

	Asset Turnover
=	Revenue (Q: Jun. 2019 )	/	( (Total Assets (Q: Mar. 2019 )	+	Total Assets (Q: Jun. 2019 ))	/ count )
=	0.841	/	( (1.764	+	1.743)	/ 2 )
=	0.841	/	1.7535
=	0.48

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.

Microwave Filter Co Total Assets Related Terms

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Microwave Filter Co (Microwave Filter Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microwave Filter Co Inc (OTCPK:MFCO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6743 Kinne Street, East Syracuse, Syracuse, NY, USA, 13057

Website

https://www.microwavefilter.com

Microwave Filter Co Inc operates in the United States and principally in one Industry. The Company extends credit to business customers, including original equipment manufacturers (OEMs), distributors and other end users, based upon ongoing credit evaluations. MFC designs, develops, manufactures and sells electronic filters, both for radio and microwave frequencies, to help process signal distribution and to prevent unwanted signals from disrupting transmit or receive operations. Markets served include 5G, cable television, television and radio broadcast, satellite broadcast, mobile radio and commercial and defense electronics.

Executives

Hummingbird Value Fund Lp	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Paul D Sonkin	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp	other: See explanation of responses	C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Christopher N Argyrople	10 percent owner	50 MILK STREET, 21ST FLOOR, BOSTON MA 02109

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