TwentyFour Select Monthlyome Fund (LSE:SMIF) Total Assets : £186.10 Mil (As of Sep. 2023)

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What is TwentyFour Select Monthlyome Fund Total Assets?

TwentyFour Select Monthlyome Fund's Total Assets for the quarter that ended in Sep. 2023 was £186.10 Mil.

During the past 12 months, TwentyFour Select Monthlyome Fund's average Total Assets Growth Rate was 18.30% per year. During the past 3 years, the average Total Assets Growth Rate was -1.30% per year. During the past 5 years, the average Total Assets Growth Rate was 0.30% per year.

During the past 10 years, TwentyFour Select Monthlyome Fund's highest 3-Year average Total Assets Growth Rate was 8.20%. The lowest was -2.00%. And the median was 7.30%.

Total Assets is connected with ROA %. TwentyFour Select Monthlyome Fund's annualized ROA % for the quarter that ended in Sep. 2023 was 14.90%. Total Assets is also linked to Revenue through Asset Turnover. TwentyFour Select Monthlyome Fund's Asset Turnover for the quarter that ended in Sep. 2023 was 0.08.

TwentyFour Select Monthlyome Fund Total Assets Historical Data

The historical data trend for TwentyFour Select Monthlyome Fund'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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TwentyFour Select Monthlyome Fund Total Assets Chart

TwentyFour Select Monthlyome Fund Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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169.57

199.55

182.49

153.53

186.10

TwentyFour Select Monthlyome Fund Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial														182.49	179.75	153.53	177.88	186.10

TwentyFour Select Monthlyome Fund 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.

TwentyFour Select Monthlyome Fund's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	181.689	+	4.411
	=	186.10

TwentyFour Select Monthlyome Fund's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	181.689	+	4.411
	=	186.10

TwentyFour Select Monthlyome Fund (LSE:SMIF) Total Assets Explanation

Total Assets is connected with ROA %.

TwentyFour Select Monthlyome Fund's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	27.122	/	( (177.882	+	186.1)	/ 2 )
	=	27.122	/	181.991
	=	14.90 %

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

TwentyFour Select Monthlyome Fund's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	14.049	/	( (177.882	+	186.1)	/ 2 )
=	14.049	/	181.991
=	0.08

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.

TwentyFour Select Monthlyome Fund Total Assets Related Terms

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TwentyFour Select Monthlyome Fund (LSE:SMIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » TwentyFour Select Monthly Income Fund Ltd (LSE:SMIF) » Definitions » Total Assets

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Traded in Other Exchanges

SMIFl:UK

Address

11 Monument Street, 8th Floor, The Monument Building, London, GBR, EC3R 8AF

Website

https://www.twentyfouram.com

TwentyFour Select Monthly Income Fund Ltd is a closed-ended investment company registered in Guernsey. Its investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The company's investment policy is to invest in a diversified portfolio which comprises of any category of credit security including bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in-kind notes, and asset-backed securities.

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