Crimson Tide (LSE:TIDE) Total Assets : £9.69 Mil (As of Dec. 2023)

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What is Crimson Tide Total Assets?

Crimson Tide's Total Assets for the quarter that ended in Dec. 2023 was £9.69 Mil.

Warning Sign:

If a company builds assets at 15.6% a year, faster than its revenue growth rate of 11% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Crimson Tide's average Total Assets Growth Rate was 0.10% per year. During the past 3 years, the average Total Assets Growth Rate was 16.90% per year. During the past 5 years, the average Total Assets Growth Rate was 15.60% per year. During the past 10 years, the average Total Assets Growth Rate was 11.80% per year.

During the past 13 years, Crimson Tide's highest 3-Year average Total Assets Growth Rate was 134.40%. The lowest was -70.00%. And the median was 6.70%.

Total Assets is connected with ROA %. Crimson Tide's annualized ROA % for the quarter that ended in Dec. 2023 was -0.69%. Total Assets is also linked to Revenue through Asset Turnover. Crimson Tide's Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.

Crimson Tide Total Assets Historical Data

The historical data trend for Crimson Tide'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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Crimson Tide Total Assets Chart

Crimson Tide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.18

5.20

10.30

10.04

9.69

Crimson Tide Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															10.30	10.12	10.04	10.04	9.69

Crimson Tide 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.

Crimson Tide'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 )
	=	7.504	+	2.181
	=	9.69

Crimson Tide'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 )
	=	7.504	+	2.181
	=	9.69

Crimson Tide (LSE:TIDE) Total Assets Explanation

Total Assets is connected with ROA %.

Crimson Tide'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 )
	=	-0.068	/	( (10.042	+	9.685)	/ 2 )
	=	-0.068	/	9.8635
	=	-0.69 %

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.

Crimson Tide'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 )
=	3.112	/	( (10.042	+	9.685)	/ 2 )
=	3.112	/	9.8635
=	0.32

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.

Crimson Tide Total Assets Related Terms

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Crimson Tide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Crimson Tide PLC (LSE:TIDE) » Definitions » Total Assets

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Address

77 Mount Ephraim, Crimson Tide, Brockbourne House, Tunbridge Wells, Kent, GBR, TN4 8BS

Website

https://www.crimsontide.co.uk

Crimson Tide PLC is a UK-based company which is engaged in the provision of mobility solutions and related software development. The company provides mpro software which is a Maas (Mobility as a Service) that provides job scheduling, alerting, and reporting. It aims to improve the efficiency of staff working and capturing data out in the field. The company also provides non-core software solutions which include reselling third-party software and related development and support services. The majority of the company's revenue comes from mobility solutions and geographically from the United Kingdom.

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