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Morris State Bancshares (Morris State Bancshares) Total Assets : $1,429.43 Mil (As of Mar. 2024)


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What is Morris State Bancshares Total Assets?

Morris State Bancshares's Total Assets for the quarter that ended in Mar. 2024 was $1,429.43 Mil.

Warning Sign:

If a company builds assets at 16.8% a year, faster than its revenue growth rate of 9.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Morris State Bancshares's average Total Assets Growth Rate was -1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 11.90% per year. During the past 5 years, the average Total Assets Growth Rate was 16.80% per year.

During the past 7 years, Morris State Bancshares's highest 3-Year average Total Assets Growth Rate was 19.90%. The lowest was 11.90%. And the median was 15.70%.

Total Assets is connected with ROA %. Morris State Bancshares's annualized ROA % for the quarter that ended in Mar. 2024 was 1.37%. Total Assets is also linked to Revenue through Asset Turnover. Morris State Bancshares's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.


Morris State Bancshares Total Assets Historical Data

The historical data trend for Morris State Bancshares'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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Morris State Bancshares Total Assets Chart

Morris State Bancshares Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 1,006.95 1,249.83 1,409.52 1,425.81 1,424.91

Morris State Bancshares 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,424.97 1,404.90 1,406.63 1,424.91 1,429.43

Morris State Bancshares 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.

Morris State Bancshares'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 )
=178.133+1246.772
=1,424.91

Morris State Bancshares'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 )
=181.979+1247.448
=1,429.43

* 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.


Morris State Bancshares  (OTCPK:MBLU) Total Assets Explanation

Total Assets is connected with ROA %.

Morris State Bancshares'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 )
=19.564/( (1424.906+1429.427)/ 2 )
=19.564/1427.1665
=1.37 %

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.

Morris State Bancshares'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 )
=14.17/( (1424.906+1429.427)/ 2 )
=14.17/1427.1665
=0.01

* 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.

Morris State Bancshares Total Assets Related Terms

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Morris State Bancshares (Morris State Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
1300 Bellevue Avenue, Dublin, GA, USA, 31021
Morris State Bancshares Inc operates as a bank. It provides a variety of financial services to individuals and small businesses through its offices in middle Georgia. The Bank offers a full range of commercial and personal loan products. It makes loans to individuals for purposes such as home mortgage financing, personal vehicles and various consumer purchases, and other personal and family needs. Commercial loans are offered to businesses for purposes such as providing equipment and machinery purchases, commercial real estate purchases, and working capital. The Bank also provides a full range of deposit services that are typically available from financial institutions, including NOW accounts, demand, savings, and other time deposits.

Morris State Bancshares (Morris State Bancshares) Headlines