MIT Holdings Co (TSE:4016) Total Assets : 円2,487 Mil (As of May. 2024)

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What is MIT Holdings Co Total Assets?

MIT Holdings Co's Total Assets for the quarter that ended in May. 2024 was 円2,487 Mil.

During the past 12 months, MIT Holdings Co's average Total Assets Growth Rate was 4.10% per year. During the past 3 years, the average Total Assets Growth Rate was 10.80% per year. During the past 5 years, the average Total Assets Growth Rate was 9.50% per year.

During the past 6 years, MIT Holdings Co's highest 3-Year average Total Assets Growth Rate was 10.80%. The lowest was 6.90%. And the median was 10.00%.

Total Assets is connected with ROA %. MIT Holdings Co's annualized ROA % for the quarter that ended in May. 2024 was 5.01%. Total Assets is also linked to Revenue through Asset Turnover. MIT Holdings Co's Asset Turnover for the quarter that ended in May. 2024 was 0.54.

MIT Holdings Co Total Assets Historical Data

The historical data trend for MIT Holdings Co'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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MIT Holdings Co Total Assets Chart

MIT Holdings Co Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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1,242.46

1,494.34

1,556.88

1,792.33

2,274.29

MIT Holdings Co Quarterly Data
	Nov18	Nov19	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Total Assets	Get a 7-Day Free Trial													2,215.94	2,123.84	2,274.29	2,314.56	2,486.82

MIT Holdings Co 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.

MIT Holdings Co's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	551.814	+	1722.48
	=	2,274

MIT Holdings Co's Total Assets for the quarter that ended in May. 2024 is calculated as

Total Assets	=	Total Equity (Q: May. 2024 )	+	Total Liabilities (Q: May. 2024 )
	=	598.21	+	1888.608
	=	2,487

MIT Holdings Co (TSE:4016) Total Assets Explanation

Total Assets is connected with ROA %.

MIT Holdings Co's annualized ROA % for the quarter that ended in May. 2024 is

ROA %	=	Net Income (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
	=	120.164	/	( (2314.564	+	2486.818)	/ 2 )
	=	120.164	/	2400.691
	=	5.01 %

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

MIT Holdings Co's Asset Turnover for the quarter that ended in May. 2024 is

	Asset Turnover
=	Revenue (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
=	1299.328	/	( (2314.564	+	2486.818)	/ 2 )
=	1299.328	/	2400.691
=	0.54

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.

MIT Holdings Co Total Assets Related Terms

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MIT Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIT Holdings Co Ltd (TSE:4016) » Definitions » Total Assets

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Address

2-6-1 Nakase, Chiba Mihama-ku, World Business Garden Marive West 24th Floor, Chiba, JPN, 261-7124

Website

https://www.mit-hd.co.jp

MIT Holdings Co Ltd is engaged in developing an information service business based on IT technology. The company's services include system integration services such as development, operation and maintenance, infrastructure construction; and solution services such as digital books, CAD, face recognition.

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