Alabama Aircraft Industries (Alabama Aircraft Industries) Total Assets : $36.08 Mil (As of Dec. 2008)

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What is Alabama Aircraft Industries Total Assets?

Alabama Aircraft Industries's Total Assets for the quarter that ended in Dec. 2008 was $36.08 Mil.

Total Assets is connected with ROA %. Alabama Aircraft Industries's annualized ROA % for the quarter that ended in Dec. 2008 was -26.89%. Total Assets is also linked to Revenue through Asset Turnover. Alabama Aircraft Industries's Asset Turnover for the quarter that ended in Dec. 2008 was 0.40.

Alabama Aircraft Industries Total Assets Historical Data

The historical data trend for Alabama Aircraft Industries'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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Alabama Aircraft Industries Total Assets Chart

Alabama Aircraft Industries Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Total Assets

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107.13

95.29

88.59

46.35

36.08

Alabama Aircraft Industries Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
Total Assets	Get a 7-Day Free Trial															46.35	45.48	41.23	36.23	36.08

Alabama Aircraft Industries 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.

Alabama Aircraft Industries's Total Assets for the fiscal year that ended in Dec. 2008 is calculated as

Total Assets	=	Total Equity (A: Dec. 2008 )	+	Total Liabilities (A: Dec. 2008 )
	=	-15.019	+	51.098
	=	36.08

Alabama Aircraft Industries's Total Assets for the quarter that ended in Dec. 2008 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2008 )	+	Total Liabilities (Q: Dec. 2008 )
	=	-15.019	+	51.098
	=	36.08

Alabama Aircraft Industries (OTCPK:AAIIQ) Total Assets Explanation

Total Assets is connected with ROA %.

Alabama Aircraft Industries's annualized ROA % for the quarter that ended in Dec. 2008 is

ROA %	=	Net Income (Q: Dec. 2008 )	/	( (Total Assets (Q: Sep. 2008 )	+	Total Assets (Q: Dec. 2008 ))	/ count )
	=	-9.72	/	( (36.225	+	36.079)	/ 2 )
	=	-9.72	/	36.152
	=	-26.89 %

Note: The Net Income data used here is four times the quarterly (Dec. 2008) 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.

Alabama Aircraft Industries's Asset Turnover for the quarter that ended in Dec. 2008 is

	Asset Turnover
=	Revenue (Q: Dec. 2008 )	/	( (Total Assets (Q: Sep. 2008 )	+	Total Assets (Q: Dec. 2008 ))	/ count )
=	14.607	/	( (36.225	+	36.079)	/ 2 )
=	14.607	/	36.152
=	0.40

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.

Alabama Aircraft Industries Total Assets Related Terms

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Alabama Aircraft Industries (Alabama Aircraft Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Alabama Aircraft Industries Inc (OTCPK:AAIIQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1943 North 50th Street, Birmingham, AL, USA, 35212

Website

http://www.pemcoair.com

Alabama Aircraft Industries Inc is an aerospace & defense company, which provides aircraft maintenance & modification services to the U.S. Government, including complete airframe inspection, maintenance, repair & custom airframe design & modification.

Executives

Hugh Steven Wilson	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Michael E Tennenbaum	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Robert Eugene Joyal	director	352 WARDNER ROAD, WEST WINDSOR VT 05089
Tennenbaum Capital Partners Llc	10 percent owner	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
Tennenbaum & Co Llc	10 percent owner	1999 AVENUE OF THE STARS, LOS ANGELES CA 90067-6100
Peter Thiel	other: See Footnote (1)	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069

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