WAM Microcap (ASX:WMI) Total Assets : A$276.85 Mil (As of Dec. 2023)

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What is WAM Microcap Total Assets?

WAM Microcap's Total Assets for the quarter that ended in Dec. 2023 was A$276.85 Mil.

During the past 12 months, WAM Microcap's average Total Assets Growth Rate was -68.80% per year. During the past 3 years, the average Total Assets Growth Rate was 16.70% per year.

During the past 5 years, WAM Microcap's highest 3-Year average Total Assets Growth Rate was 16.70%. The lowest was 11.10%. And the median was 13.90%.

Total Assets is connected with ROA %. WAM Microcap's annualized ROA % for the quarter that ended in Dec. 2023 was 6.76%. Total Assets is also linked to Revenue through Asset Turnover. WAM Microcap's Asset Turnover for the quarter that ended in Dec. 2023 was 0.05.

WAM Microcap Total Assets Historical Data

The historical data trend for WAM Microcap'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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WAM Microcap Total Assets Chart

WAM Microcap Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

194.31

196.64

371.29

273.05

287.99

WAM Microcap Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							376.76	273.05	282.49	287.99	276.85

WAM Microcap 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.

WAM Microcap's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	275.816	+	12.176
	=	287.99

WAM Microcap'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 )
	=	275.945	+	0.906
	=	276.85

WAM Microcap (ASX:WMI) Total Assets Explanation

Total Assets is connected with ROA %.

WAM Microcap's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	19.08	/	( (287.992	+	276.851)	/ 2 )
	=	19.08	/	282.4215
	=	6.76 %

Note: The Net Income data used here is two times the semi-annual (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.

WAM Microcap's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	14.425	/	( (287.992	+	276.851)	/ 2 )
=	14.425	/	282.4215
=	0.05

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.

WAM Microcap Total Assets Related Terms

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WAM Microcap (ASX:WMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WAM Microcap Ltd (ASX:WMI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.wilsonassetmanagement.com.au

WAM Microcap Ltd is an asset management company based in Australia. The company engages in investing activities, including cash, term deposits and equity investments. The principal activity of the Company is making investments in listed companies. Its investment objectives are to deliver a stream of fully franked dividends; to provide capital growth, and to preserve capital.

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