Microchip Technology's Total Assets for the quarter that ended in Dec. 2023 was $16,143 Mil.
Warning Sign:
If a company builds assets at 13.7% a year, faster than its revenue growth rate of 10.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Microchip Technology's average Total Assets Growth Rate was 0.20% per year.
During the past 3 years, the average Total Assets Growth Rate was -1.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 27.30% per year.
During the past 13 years, Microchip Technology's highest 3-Year average Total Assets Growth Rate was 84.50%. The lowest was -13.40%. And the median was 17.80%.
The historical data trend for Microchip Technology'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.
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.
Microchip Technology's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Microchip Technology (NAS:MCHP) Total Assets Explanation
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.
Microchip Technology's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Microchip Technology Total Assets Related Terms
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Microchip Technology (Microchip Technology) Business Description
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
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