Mainfreight (NZSE:MFT) Total Assets : NZ$3,960 Mil (As of Sep. 2024)

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What is Mainfreight Total Assets?

Mainfreight's Total Assets for the quarter that ended in Sep. 2024 was NZ$3,960 Mil.

Warning Sign:

If a company builds assets at 18.5% a year, faster than its revenue growth rate of 13.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Mainfreight's average Total Assets Growth Rate was 16.90% per year. During the past 3 years, the average Total Assets Growth Rate was 15.00% per year. During the past 5 years, the average Total Assets Growth Rate was 18.50% per year. During the past 10 years, the average Total Assets Growth Rate was 15.20% per year.

During the past 13 years, Mainfreight's highest 3-Year average Total Assets Growth Rate was 31.70%. The lowest was 5.40%. And the median was 18.00%.

Total Assets is connected with ROA %. Mainfreight's annualized ROA % for the quarter that ended in Sep. 2024 was 5.92%. Total Assets is also linked to Revenue through Asset Turnover. Mainfreight's Asset Turnover for the quarter that ended in Sep. 2024 was 0.66.

Mainfreight Total Assets Historical Data

The historical data trend for Mainfreight'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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Mainfreight Total Assets Chart

Mainfreight Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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2,304.59

2,486.91

3,027.95

3,443.05

3,781.20

Mainfreight Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Assets	Get a 7-Day Free Trial															3,475.32	3,443.05	3,494.41	3,781.20	3,959.84

Mainfreight 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.

Mainfreight's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	1854.596	+	1926.607
	=	3,781

Mainfreight's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	1874.64	+	2085.195
	=	3,960

Mainfreight (NZSE:MFT) Total Assets Explanation

Total Assets is connected with ROA %.

Mainfreight's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	229.114	/	( (3781.203	+	3959.835)	/ 2 )
	=	229.114	/	3870.519
	=	5.92 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2024) 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.

Mainfreight's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	2552.128	/	( (3781.203	+	3959.835)	/ 2 )
=	2552.128	/	3870.519
=	0.66

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.

Mainfreight Total Assets Related Terms

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Mainfreight Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mainfreight Ltd (NZSE:MFT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MFGHF:USA NK7:Germany

Address

2 Railway Lane, Otahuhu, Auckland, NTL, NZL, 1062

Website

https://www.mainfreight.com

Mainfreight Ltd is in the supply chain logistics business. It provides the full spectrum of warehousing, Transport, and international air and ocean freight services. Geographically, it operates businesses in New Zealand, Australia, Europe, The Americas, Asia, and the United States.