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MVNT (Movement Industries) Total Assets : $0.95 Mil (As of Jun. 2023)


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What is Movement Industries Total Assets?

Movement Industries's Total Assets for the quarter that ended in Jun. 2023 was $0.95 Mil.

During the past 12 months, Movement Industries's average Total Assets Growth Rate was 48.70% per year.

Total Assets is connected with ROA %. Movement Industries's annualized ROA % for the quarter that ended in Jun. 2023 was -2.96%. Total Assets is also linked to Revenue through Asset Turnover. Movement Industries's Asset Turnover for the quarter that ended in Jun. 2023 was 1.03.

Movement Industries Total Assets Historical Data

The historical data trend for Movement 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.

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Movement Industries Total Assets Chart

Movement Industries Annual Data
Trend Jun22 Jun23
Total Assets
0.74 0.95

Movement Industries Semi-Annual Data
Jun22 Jun23
Total Assets 0.74 0.95

Movement 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.

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

Total Assets=Total Equity (A: Jun. 2023 )+Total Liabilities (A: Jun. 2023 )
=-1.416+2.369
=0.95

Movement Industries'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 )
=-1.416+2.369
=0.95

* 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.

Movement Industries  (OTCPK:MVNT) Total Assets Explanation

Total Assets is connected with ROA %.

Movement Industries's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=-0.025/( (0.738+0.953)/ 2 )
=-0.025/0.8455
=-2.96 %

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

Movement Industries's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=0.868/( (0.738+0.953)/ 2 )
=0.868/0.8455
=1.03

* 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.

Movement Industries Total Assets Related Terms

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Movement Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
6829 Flintlock Road, Houston, TX, USA, 77040
Website
https://www.mvmnt.in
Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.