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Micro Imaging Technology (Micro Imaging Technology) Total Assets : $0.15 Mil (As of Jul. 2014)


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What is Micro Imaging Technology Total Assets?

Micro Imaging Technology's Total Assets for the quarter that ended in Jul. 2014 was $0.15 Mil.

Total Assets is connected with ROA %. Micro Imaging Technology's annualized ROA % for the quarter that ended in Jul. 2014 was -419.93%. Total Assets is also linked to Revenue through Asset Turnover. Micro Imaging Technology's Asset Turnover for the quarter that ended in Jul. 2014 was 0.00.


Micro Imaging Technology Total Assets Historical Data

The historical data trend for Micro Imaging Technology'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.

Micro Imaging Technology Total Assets Chart

Micro Imaging Technology Annual Data
Trend Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.20 0.09 0.29 0.19

Micro Imaging Technology Quarterly Data
Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14
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 0.16 0.19 0.17 0.15 0.15

Micro Imaging Technology 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.

Micro Imaging Technology's Total Assets for the fiscal year that ended in Oct. 2013 is calculated as

Total Assets=Total Equity (A: Oct. 2013 )+Total Liabilities (A: Oct. 2013 )
=-1.023+1.208
=0.19

Micro Imaging Technology's Total Assets for the quarter that ended in Jul. 2014 is calculated as

Total Assets=Total Equity (Q: Jul. 2014 )+Total Liabilities (Q: Jul. 2014 )
=-1.424+1.571
=0.15

* 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.


Micro Imaging Technology  (OTCPK:MMTC) Total Assets Explanation

Total Assets is connected with ROA %.

Micro Imaging Technology's annualized ROA % for the quarter that ended in Jul. 2014 is

ROA %=Net Income (Q: Jul. 2014 )/( (Total Assets (Q: Apr. 2014 )+Total Assets (Q: Jul. 2014 ))/ count )
=-0.632/( (0.154+0.147)/ 2 )
=-0.632/0.1505
=-419.93 %

Note: The Net Income data used here is four times the quarterly (Jul. 2014) 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.

Micro Imaging Technology's Asset Turnover for the quarter that ended in Jul. 2014 is

Asset Turnover
=Revenue (Q: Jul. 2014 )/( (Total Assets (Q: Apr. 2014 )+Total Assets (Q: Jul. 2014 ))/ count )
=0/( (0.154+0.147)/ 2 )
=0/0.1505
=0.00

* 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.

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.

Micro Imaging Technology Total Assets Related Terms

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Micro Imaging Technology (Micro Imaging Technology) Business Description

Traded in Other Exchanges
N/A
Address
970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673
Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.
Executives
Anthony M Frank other: 5% owner

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