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United Development Funding IV (United Development Funding IV) Total Assets : $684.06 Mil (As of Sep. 2015)


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What is United Development Funding IV Total Assets?

United Development Funding IV's Total Assets for the quarter that ended in Sep. 2015 was $684.06 Mil.

Total Assets is connected with ROA %. United Development Funding IV's annualized ROA % for the quarter that ended in Sep. 2015 was 8.37%. Total Assets is also linked to Revenue through Asset Turnover. United Development Funding IV's Asset Turnover for the quarter that ended in Sep. 2015 was 0.03.

United Development Funding IV Total Assets Historical Data

The historical data trend for United Development Funding IV'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.

United Development Funding IV Total Assets Chart

United Development Funding IV Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Total Assets
- 336.48 570.86 682.15

United Development Funding IV Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 654.56 682.15 684.52 683.73 684.06

United Development Funding IV 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.

United Development Funding IV's Total Assets for the fiscal year that ended in Dec. 2014 is calculated as

Total Assets=Total Equity (A: Dec. 2014 )+Total Liabilities (A: Dec. 2014 )
=503.943+178.21
=682.15

United Development Funding IV's Total Assets for the quarter that ended in Sep. 2015 is calculated as

Total Assets=Total Equity (Q: Sep. 2015 )+Total Liabilities (Q: Sep. 2015 )
=510.158+173.901
=684.06

* 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.

United Development Funding IV  (OTCPK:UDFI) Total Assets Explanation

Total Assets is connected with ROA %.

United Development Funding IV's annualized ROA % for the quarter that ended in Sep. 2015 is

ROA %=Net Income (Q: Sep. 2015 )/( (Total Assets (Q: Jun. 2015 )+Total Assets (Q: Sep. 2015 ))/ count )
=57.256/( (683.727+684.059)/ 2 )
=57.256/683.893
=8.37 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) 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.

United Development Funding IV's Asset Turnover for the quarter that ended in Sep. 2015 is

Asset Turnover
=Revenue (Q: Sep. 2015 )/( (Total Assets (Q: Jun. 2015 )+Total Assets (Q: Sep. 2015 ))/ count )
=18.569/( (683.727+684.059)/ 2 )
=18.569/683.893
=0.03

* 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.

United Development Funding IV Total Assets Related Terms

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United Development Funding IV (United Development Funding IV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » United Development Funding IV (OTCPK:UDFI) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
1301 Municipal Way, Suite 200, Grapevine, TX, USA, 76051
Website
http://www.udfonline.com
United Development Funding IV is a real estate investment trust. It invests in the development and construction of single-family homes through a family of public and private funds, which direct investor capital towards the financing of homebuilders and land developers. The company offers investors to diversify their portfolios with investments in affordable residential real estate. The vast majority of the company's loan portfolio is secured by parcels of land intended for development and finished lots. Nearly all of the company's property loans and investments are secured by or related to properties located in Texas.
Executives
Phillip Kent Marshall director 10959 CUTTEN ROAD, HOUSTON TX 77066
Stacey Dwyer director, officer: Chief Operating Officer 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102