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Micron Solutions's Total Assets for the quarter that ended in Mar. 2023 was $11.50 Mil.
Total Assets is connected with ROA %. Micron Solutions's annualized ROA % for the quarter that ended in Mar. 2023 was -26.81%. Total Assets is also linked to Revenue through Asset Turnover. Micron Solutions's Asset Turnover for the quarter that ended in Mar. 2023 was 0.44.
The historical data trend for Micron Solutions'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.
Micron Solutions Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 12.28 | 8.73 | 10.12 | 11.92 | 11.95 |
Micron Solutions Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Total Assets | Get a 7-Day Free Trial | 12.37 | 11.87 | 12.26 | 11.95 | 11.50 |
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.
Micron Solutions'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 ) |
= | 4.758 | + | 7.188 | |
= | 11.95 |
Micron Solutions's Total Assets for the quarter that ended in Mar. 2023 is calculated as
Total Assets | = | Total Equity (Q: Mar. 2023 ) | + | Total Liabilities (Q: Mar. 2023 ) |
= | 3.995 | + | 7.509 | |
= | 11.50 |
* 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.
Micron Solutions (OTCPK:MICRD) Total Assets Explanation
Total Assets is connected with ROA %.
Micron Solutions's annualized ROA % for the quarter that ended in Mar. 2023 is
ROA % | = | Net Income (Q: Mar. 2023 ) | / | ( (Total Assets (Q: Dec. 2022 ) | + | Total Assets (Q: Mar. 2023 )) | / count ) |
= | -3.144 | / | ( (11.946 | + | 11.504) | / 2 ) | |
= | -3.144 | / | 11.725 | ||||
= | -26.81 % |
Note: The Net Income data used here is four times the quarterly (Mar. 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.
Micron Solutions's Asset Turnover for the quarter that ended in Mar. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Mar. 2023 ) | / | ( (Total Assets (Q: Dec. 2022 ) | + | Total Assets (Q: Mar. 2023 )) | / count ) |
= | 5.178 | / | ( (11.946 | + | 11.504) | / 2 ) |
= | 5.178 | / | 11.725 | |||
= | 0.44 |
* 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.
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.
Thank you for viewing the detailed overview of Micron Solutions's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven D. Heinemann | 10 percent owner | C/O GOOSE HILL CAPITAL, 546 FIFTH AVENUE, 14TH FLOOR, NEW YORK NY 10036 |
Wayne M Coll | officer: CFO | |
Rodd Friedman | director, 10 percent owner | 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854 |
Jason Russell Chambers | director | 4355 COBB PKWY, SUITE J BOX 269, ATLANTA 2Q 30339 |
Robert A Mello | director | C/O IRIS INTERNATIONAL, INC., 9158 ETON AVENUE, CHATSWORTH CA 91311 |
William J. Laursen | director, officer: Chief Executive Officer | 13 PENINSULA ROAD, HARVARD MA 01451 |
Andrei Soran | director | 28 LOTHROP STREET, NEWTON MA 02460 |
Bryan Ganz | director | C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420 |
Ref Securities & Co. | 10 percent owner | 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854 |
Marco Benedetti | director | 9645 WEHRLE DRIVE, CLARENCE NY 14031 |
Salvatore Jr Emma | director, officer: PRESIDENT and CEO | 20 LONGLEY ROAD, SHIRLEY MA 01464 |
Derek Thomas Welch | officer: Prin.Financial & Accounting | 405 NEW WEST TOWNSEND ROAD, LUNENBURG MA 01462 |
Patrick L Muldoon | director | 215 HUBBARDSTON ROAD, PRINCETON MA 01541 |
Michael S Gunter | director | 104 CAMBRIDGE PLAZA DRIVE, WINSTON-SALEM NC 27104 |
Michael Francis Nolan | officer: Chief Operating Officer | 25 SAWYER PASSWAY, FITCHBURG MA 01420 |
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