McCoy Global (McCoy Global) Total Assets : $59.10 Mil (As of Mar. 2024)

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What is McCoy Global Total Assets?

McCoy Global's Total Assets for the quarter that ended in Mar. 2024 was $59.10 Mil.

Warning Sign:

If a company builds assets at 4.5% a year, faster than its revenue growth rate of 3.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, McCoy Global's average Total Assets Growth Rate was 31.80% per year. During the past 3 years, the average Total Assets Growth Rate was 14.90% per year. During the past 5 years, the average Total Assets Growth Rate was 4.50% per year. During the past 10 years, the average Total Assets Growth Rate was -6.30% per year.

During the past 13 years, McCoy Global's highest 3-Year average Total Assets Growth Rate was 72.80%. The lowest was -25.30%. And the median was -1.30%.

Total Assets is connected with ROA %. McCoy Global's annualized ROA % for the quarter that ended in Mar. 2024 was 4.94%. Total Assets is also linked to Revenue through Asset Turnover. McCoy Global's Asset Turnover for the quarter that ended in Mar. 2024 was 0.21.

McCoy Global Total Assets Historical Data

The historical data trend for McCoy Global'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.

* Premium members only.

McCoy Global Total Assets Chart

McCoy Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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45.28

41.11

43.08

57.26

57.57

McCoy Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															52.43	54.25	54.35	57.57	59.10

McCoy Global 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.

McCoy Global'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 )
	=	40.238	+	17.336
	=	57.57

McCoy Global's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	41.179	+	17.92
	=	59.10

McCoy Global (OTCPK:MCCRF) Total Assets Explanation

Total Assets is connected with ROA %.

McCoy Global's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	2.88	/	( (57.574	+	59.099)	/ 2 )
	=	2.88	/	58.3365
	=	4.94 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

McCoy Global's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	12.221	/	( (57.574	+	59.099)	/ 2 )
=	12.221	/	58.3365
=	0.21

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.

McCoy Global Total Assets Related Terms

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McCoy Global (McCoy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (OTCPK:MCCRF) » Definitions » Total Assets

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Traded in Other Exchanges

773:Germany MCB:Canada

Address

9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts. Some of its products are specialized hydraulic power tongs, dies, and inserts, make or break torque equipment, and computerized torque turn monitoring systems.

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