RENN Fund's Total Assets for the quarter that ended in Dec. 2023 was $13.95 Mil.
During the past 12 months, RENN Fund's average Total Assets Growth Rate was -6.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 5.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 6.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 8.90% per year.
During the past 13 years, RENN Fund's highest 3-Year average Total Assets Growth Rate was 36.50%. The lowest was -30.30%. And the median was 2.80%.
Total Assets is connected with ROA %. RENN Fund's annualizedROA % for the quarter that ended in Dec. 2023 was -10.86%. Total Assets is also linked to Revenue through Asset Turnover. RENN Fund's Asset Turnover for the quarter that ended in Dec. 2023 was -0.04.
RENN Fund Total Assets Historical Data
The historical data trend for RENN 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.
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.
RENN Fund's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
RENN Fund's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
RENN Fund Total Assets Related Terms
Thank you for viewing the detailed overview of RENN Fund's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges. It invests in various industries, including communication services, surgical and medical instruments and apparatus, telecommunications, crude petroleum, and natural gas and medical chemicals, and botanical products.
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