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Steel Connect's Total Assets for the quarter that ended in Jan. 2024 was $412.7 Mil.
During the past 12 months, Steel Connect's average Total Assets Growth Rate was 45.50% per year. During the past 3 years, the average Total Assets Growth Rate was -24.90% per year. During the past 5 years, the average Total Assets Growth Rate was -27.20% per year. During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.
During the past 13 years, Steel Connect's highest 3-Year average Total Assets Growth Rate was 314.80%. The lowest was -69.50%. And the median was -5.60%.
Total Assets is connected with ROA %. Steel Connect's annualized ROA % for the quarter that ended in Jan. 2024 was 5.19%. Total Assets is also linked to Revenue through Asset Turnover. Steel Connect's Asset Turnover for the quarter that ended in Jan. 2024 was 0.10.
The historical data trend for Steel Connect'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.
Steel Connect Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 731.56 | 759.17 | 676.38 | 137.75 | 411.18 |
Steel Connect Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Total Assets | Get a 7-Day Free Trial | 156.11 | 150.94 | 411.18 | 410.60 | 412.72 |
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.
Steel Connect'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 ) |
= | 306.363 | + | 104.818 | |
= | 411.2 |
Steel Connect's Total Assets for the quarter that ended in Jan. 2024 is calculated as
Total Assets | = | Total Equity (Q: Jan. 2024 ) | + | Total Liabilities (Q: Jan. 2024 ) |
= | 315.096 | + | 97.619 | |
= | 412.7 |
* 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.
Steel Connect (NAS:STCN) Total Assets Explanation
Total Assets is connected with ROA %.
Steel Connect's annualized ROA % for the quarter that ended in Jan. 2024 is
ROA % | = | Net Income (Q: Jan. 2024 ) | / | ( (Total Assets (Q: Oct. 2023 ) | + | Total Assets (Q: Jan. 2024 )) | / count ) |
= | 21.384 | / | ( (410.595 | + | 412.715) | / 2 ) | |
= | 21.384 | / | 411.655 | ||||
= | 5.19 % |
Note: The Net Income data used here is four times the quarterly (Jan. 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.
Steel Connect's Asset Turnover for the quarter that ended in Jan. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Jan. 2024 ) | / | ( (Total Assets (Q: Oct. 2023 ) | + | Total Assets (Q: Jan. 2024 )) | / count ) |
= | 43.045 | / | ( (410.595 | + | 412.715) | / 2 ) |
= | 43.045 | / | 411.655 | |||
= | 0.10 |
* 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 Steel Connect's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Steel Partners Holdings L.p. | other: See Explanation of Responses | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Joseph Richards Martin | director | C/O LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219 |
Ryan O'herrin | officer: Chief Financial Officer | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022-8547 |
Webfinancial Holding Corp | director, 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Wf Asset Corp. | 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Gary Tankard | officer: Chief Accounting Officer | C/O STEEL PARTNERS HOLDINGS LP, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Jason Wong | officer: Chief Financial Officer | 590 MADISON AVENUE, FLOOR 32, C/O STEEL PARTNERS HOLDINGS LP, NEW YORK NY 10022 |
Renata Simril | director | 5055 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90036 |
Fawaz Khalil | officer: CEO, ModusLink Corporation | C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451 |
John Ashe | officer: CEO,IWCO Direct Holdings, Inc. | C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451 |
Maria Molland | director | 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451 |
Joseph B Sherk | officer: Chief Accounting Officer | C/O UNITED RENTALS INC, FIVE GREENWICH OFFICE PARK, GREENWICH CT 06830 |
Douglas Woodworth | officer: Chief Financial Officer | STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Steel Excel Inc. | 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Philip E. Lengyel | director | C/O MODUSLINK GLOBAL SOLUTIONS, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451 |
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