MGP Ingredients's Total Assets for the quarter that ended in Mar. 2024 was $1,390.3 Mil.
Warning Sign:
If a company builds assets at 44.6% a year, faster than its revenue growth rate of 13.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, MGP Ingredients's average Total Assets Growth Rate was 18.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 58.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 44.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.70% per year.
During the past 13 years, MGP Ingredients's highest 3-Year average Total Assets Growth Rate was 58.50%. The lowest was -19.30%. And the median was 6.40%.
The historical data trend for MGP Ingredients'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.
MGP Ingredients'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.
MGP Ingredients (NAS:MGPI) Total Assets Explanation
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.
MGP Ingredients's Asset Turnover for the quarter that ended in Mar. 2024 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.
MGP Ingredients Total Assets Related Terms
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MGP Ingredients (MGP Ingredients) Business Description
MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.
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