McRae Industries (McRae Industries) Total Assets : $95.5 Mil (As of Jul. 2023)

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What is McRae Industries Total Assets?

McRae Industries's Total Assets for the quarter that ended in Jul. 2023 was $95.5 Mil.

During the past 12 months, McRae Industries's average Total Assets Growth Rate was -14.60% per year. During the past 3 years, the average Total Assets Growth Rate was 18.10% per year.

During the past 13 years, McRae Industries's highest 3-Year average Total Assets Growth Rate was 25.40%. The lowest was -3.40%. And the median was 8.70%.

Total Assets is connected with ROA %. McRae Industries's annualized ROA % for the quarter that ended in Jul. 2023 was 8.64%. Total Assets is also linked to Revenue through Asset Turnover. McRae Industries's Asset Turnover for the quarter that ended in Jul. 2023 was 1.34.

McRae Industries Total Assets Historical Data

The historical data trend for McRae Industries'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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McRae Industries Total Assets Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Total Assets

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49.55

43.01

91.04

95.47

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Total Assets	Get a 7-Day Free Trial															49.55	43.01	-	91.04	95.47

McRae Industries 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.

McRae Industries's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	86.917	+	8.552
	=	95.5

McRae Industries's Total Assets for the quarter that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2023 )	+	Total Liabilities (Q: Jul. 2023 )
	=	86.917	+	8.552
	=	95.5

McRae Industries (OTCPK:MCRAA) Total Assets Explanation

Total Assets is connected with ROA %.

McRae Industries's annualized ROA % for the quarter that ended in Jul. 2023 is

ROA %	=	Net Income (Q: Jul. 2023 )	/	( (Total Assets (Q: Jul. 2022 )	+	Total Assets (Q: Jul. 2023 ))	/ count )
	=	8.061	/	( (91.044	+	95.469)	/ 2 )
	=	8.061	/	93.2565
	=	8.64 %

Note: The Net Income data used here is one times the annual (Jul. 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.

McRae Industries's Asset Turnover for the quarter that ended in Jul. 2023 is

	Asset Turnover
=	Revenue (Q: Jul. 2023 )	/	( (Total Assets (Q: Jul. 2022 )	+	Total Assets (Q: Jul. 2023 ))	/ count )
=	124.702	/	( (91.044	+	95.469)	/ 2 )
=	124.702	/	93.2565
=	1.34

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.

McRae Industries Total Assets Related Terms

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McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.