Matrix IT (XTAE:MTRX) Total Assets : ₪4,084 Mil (As of Dec. 2023)

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What is Matrix IT Total Assets?

Matrix IT's Total Assets for the quarter that ended in Dec. 2023 was ₪4,084 Mil.

During the past 12 months, Matrix IT's average Total Assets Growth Rate was 8.90% per year. During the past 3 years, the average Total Assets Growth Rate was 10.20% per year. During the past 5 years, the average Total Assets Growth Rate was 10.30% per year. During the past 10 years, the average Total Assets Growth Rate was 11.10% per year.

During the past 13 years, Matrix IT's highest 3-Year average Total Assets Growth Rate was 18.10%. The lowest was 4.10%. And the median was 12.00%.

Total Assets is connected with ROA %. Matrix IT's annualized ROA % for the quarter that ended in Dec. 2023 was 5.64%. Total Assets is also linked to Revenue through Asset Turnover. Matrix IT's Asset Turnover for the quarter that ended in Dec. 2023 was 0.33.

Matrix IT Total Assets Historical Data

The historical data trend for Matrix IT'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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Matrix IT Total Assets Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,961.44

3,215.55

3,438.58

4,002.78

4,084.18

Matrix IT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															4,002.78	4,041.41	3,930.95	3,928.89	4,084.18

Matrix IT 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.

Matrix IT's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1107.472	+	2976.708
	=	4,084

Matrix IT's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1107.472	+	2976.708
	=	4,084

Matrix IT (XTAE:MTRX) Total Assets Explanation

Total Assets is connected with ROA %.

Matrix IT's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	226.148	/	( (3928.894	+	4084.18)	/ 2 )
	=	226.148	/	4006.537
	=	5.64 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Matrix IT's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1320.69	/	( (3928.894	+	4084.18)	/ 2 )
=	1320.69	/	4006.537
=	0.33

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.

Matrix IT Total Assets Related Terms

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Matrix IT (XTAE:MTRX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Total Assets

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Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.