Mega African Capital (XGHA:MAC) Total Assets : GHS197.87 Mil (As of Dec. 2022)

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What is Mega African Capital Total Assets?

Mega African Capital's Total Assets for the quarter that ended in Dec. 2022 was GHS197.87 Mil.

During the past 12 months, Mega African Capital's average Total Assets Growth Rate was 8.60% per year.

Total Assets is connected with ROA %. Mega African Capital's annualized ROA % for the quarter that ended in Dec. 2022 was -15.10%. Total Assets is also linked to Revenue through Asset Turnover. Mega African Capital's Asset Turnover for the quarter that ended in Dec. 2022 was 0.00.

Mega African Capital Total Assets Historical Data

The historical data trend for Mega African Capital'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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Mega African Capital Total Assets Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

155.84

197.87

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Total Assets	-	155.84	197.87

Mega African Capital 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.

Mega African Capital's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	79.57	+	118.302
	=	197.87

Mega African Capital's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	79.57	+	118.302
	=	197.87

Mega African Capital (XGHA:MAC) Total Assets Explanation

Total Assets is connected with ROA %.

Mega African Capital's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	-26.712	/	( (155.844	+	197.872)	/ 2 )
	=	-26.712	/	176.858
	=	-15.10 %

Note: The Net Income data used here is one times the annual (Dec. 2022) 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.

Mega African Capital's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	0.565	/	( (155.844	+	197.872)	/ 2 )
=	0.565	/	176.858
=	0.00

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.

Mega African Capital Total Assets Related Terms

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Mega African Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.