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Southridge Enterprises (Southridge Enterprises) Total Assets : $9.44 Mil (As of May. 2008)


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What is Southridge Enterprises Total Assets?

Southridge Enterprises's Total Assets for the quarter that ended in May. 2008 was $9.44 Mil.

Total Assets is connected with ROA %. Southridge Enterprises's annualized ROA % for the quarter that ended in May. 2008 was 133.05%. Total Assets is also linked to Revenue through Asset Turnover. Southridge Enterprises's Asset Turnover for the quarter that ended in May. 2008 was 0.90.


Southridge Enterprises Total Assets Historical Data

The historical data trend for Southridge Enterprises'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.

Southridge Enterprises Total Assets Chart

Southridge Enterprises Annual Data
Trend Aug06 Aug07
Total Assets
0.01 0.01

Southridge Enterprises Quarterly Data
Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.38 0.01 0.38 5.48 9.44

Southridge Enterprises 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.

Southridge Enterprises's Total Assets for the fiscal year that ended in Aug. 2007 is calculated as

Total Assets=Total Equity (A: Aug. 2007 )+Total Liabilities (A: Aug. 2007 )
=-0.018+0.025
=0.01

Southridge Enterprises's Total Assets for the quarter that ended in May. 2008 is calculated as

Total Assets=Total Equity (Q: May. 2008 )+Total Liabilities (Q: May. 2008 )
=6.001+3.439
=9.44

* 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.


Southridge Enterprises  (GREY:SRGE) Total Assets Explanation

Total Assets is connected with ROA %.

Southridge Enterprises's annualized ROA % for the quarter that ended in May. 2008 is

ROA %=Net Income (Q: May. 2008 )/( (Total Assets (Q: Feb. 2008 )+Total Assets (Q: May. 2008 ))/ count )
=9.924/( (5.478+9.44)/ 2 )
=9.924/7.459
=133.05 %

Note: The Net Income data used here is four times the quarterly (May. 2008) 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.

Southridge Enterprises's Asset Turnover for the quarter that ended in May. 2008 is

Asset Turnover
=Revenue (Q: May. 2008 )/( (Total Assets (Q: Feb. 2008 )+Total Assets (Q: May. 2008 ))/ count )
=6.72/( (5.478+9.44)/ 2 )
=6.72/7.459
=0.90

* 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.

Southridge Enterprises Total Assets Related Terms

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Southridge Enterprises (Southridge Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
3625 N. Hall Street, Suite 900, Dallas, TX, USA, 75219
Southridge Enterprises Inc is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties.

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