Metro Performance Glass (NZSE:MPG) Total Assets : NZ$217.2 Mil (As of Sep. 2024)

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What is Metro Performance Glass Total Assets?

Metro Performance Glass's Total Assets for the quarter that ended in Sep. 2024 was NZ$217.2 Mil.

During the past 12 months, Metro Performance Glass's average Total Assets Growth Rate was -9.30% per year. During the past 3 years, the average Total Assets Growth Rate was -2.70% per year. During the past 5 years, the average Total Assets Growth Rate was -3.60% per year.

During the past 9 years, Metro Performance Glass's highest 3-Year average Total Assets Growth Rate was 8.10%. The lowest was -8.50%. And the median was -2.80%.

Total Assets is connected with ROA %. Metro Performance Glass's annualized ROA % for the quarter that ended in Sep. 2024 was -4.61%. Total Assets is also linked to Revenue through Asset Turnover. Metro Performance Glass's Asset Turnover for the quarter that ended in Sep. 2024 was 0.52.

Metro Performance Glass Total Assets Historical Data

The historical data trend for Metro Performance Glass'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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Metro Performance Glass Total Assets Chart

Metro Performance Glass Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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258.03

237.89

272.14

254.60

218.92

Metro Performance Glass Semi-Annual Data
	Sep14	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															285.66	254.60	235.86	218.92	217.16

Metro Performance Glass 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.

Metro Performance Glass'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 )
	=	48.991	+	169.93
	=	218.9

Metro Performance Glass'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 )
	=	43.452	+	173.706
	=	217.2

Metro Performance Glass (NZSE:MPG) Total Assets Explanation

Total Assets is connected with ROA %.

Metro Performance Glass'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 )
	=	-10.05	/	( (218.921	+	217.158)	/ 2 )
	=	-10.05	/	218.0395
	=	-4.61 %

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.

Metro Performance Glass'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 )
=	114.063	/	( (218.921	+	217.158)	/ 2 )
=	114.063	/	218.0395
=	0.52

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.

Metro Performance Glass Total Assets Related Terms

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Metro Performance Glass Business Description

Industry

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MPP:Australia

Address

5 Lady Fisher Place, East Tamaki, Auckland, NZL, 2013

Website

https://www.metroglass.co.nz

Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.