Manufactured Housing Properties (Manufactured Housing Properties) Total Assets : $118.13 Mil (As of Sep. 2023)

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What is Manufactured Housing Properties Total Assets?

Manufactured Housing Properties's Total Assets for the quarter that ended in Sep. 2023 was $118.13 Mil.

During the past 12 months, Manufactured Housing Properties's average Total Assets Growth Rate was 25.80% per year. During the past 3 years, the average Total Assets Growth Rate was 41.30% per year. During the past 5 years, the average Total Assets Growth Rate was 56.80% per year. During the past 10 years, the average Total Assets Growth Rate was 28.50% per year.

During the past 13 years, Manufactured Housing Properties's highest 3-Year average Total Assets Growth Rate was 102.30%. The lowest was -26.90%. And the median was 19.20%.

Total Assets is connected with ROA %. Manufactured Housing Properties's annualized ROA % for the quarter that ended in Sep. 2023 was -6.97%. Total Assets is also linked to Revenue through Asset Turnover. Manufactured Housing Properties's Asset Turnover for the quarter that ended in Sep. 2023 was 0.04.

Manufactured Housing Properties Total Assets Historical Data

The historical data trend for Manufactured Housing Properties'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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Manufactured Housing Properties Total Assets Chart

Manufactured Housing Properties Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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12.45

38.76

42.40

70.05

103.59

Manufactured Housing Properties Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															94.24	103.59	111.46	117.81	118.13

Manufactured Housing Properties 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.

Manufactured Housing Properties's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-19.596	+	123.189
	=	103.59

Manufactured Housing Properties'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 )
	=	-27.806	+	145.939
	=	118.13

Manufactured Housing Properties (OTCPK:MHPC) Total Assets Explanation

Total Assets is connected with ROA %.

Manufactured Housing Properties's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-8.224	/	( (117.809	+	118.133)	/ 2 )
	=	-8.224	/	117.971
	=	-6.97 %

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

Manufactured Housing Properties's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	4.702	/	( (117.809	+	118.133)	/ 2 )
=	4.702	/	117.971
=	0.04

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.

Manufactured Housing Properties Total Assets Related Terms

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Manufactured Housing Properties (Manufactured Housing Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Manufactured Housing Properties Inc (OTCPK:MHPC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Main Street, Pineville, NC, USA, 28134

Website

https://www.mhproperties.com

Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.

Executives

Vira Turchinyak	officer: Chief Financial Officer	C/O MANUFACTURED HOUSING PROPERTIES, INC, 136 MAIN STREET, PINEVILLE NC 28134
Julia Pererva	officer: Chief Operating Officer	136 MAIN STREET, PINEVILLE NC 28134
Wardlaw John Waller Iii	director, officer: President	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
James Lambert Johnson	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Chelsea Howlett Gee	officer: Vice President of Finance	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Richard M Gee	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Robert Joseph Jackson	10 percent owner	743 JETTON STREET, DAVIDSON NC 28036
Metrolina Loan Holdings, Llc	10 percent owner	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Andrew Coatley	officer: Chief Operating Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Terry Robertson	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Gvest Real Estate Capital Llc	10 percent owner	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
William Henry Carter	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Adam A Martin	officer: Chief Investment Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Raymond M Gee	director, 10 percent owner, officer: Chairman and CEO	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Michael Z Anise	director, officer: Chief Financial Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134