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Innovative MedTech's Total Assets for the quarter that ended in Mar. 2024 was $4.66 Mil.
During the past 12 months, Innovative MedTech's average Total Assets Growth Rate was 5.50% per year.
During the past 13 years, Innovative MedTech's highest 3-Year average Total Assets Growth Rate was -23.80%. The lowest was -33.00%. And the median was -25.00%.
Total Assets is connected with ROA %. Innovative MedTech's annualized ROA % for the quarter that ended in Mar. 2024 was -80.99%. Total Assets is also linked to Revenue through Asset Turnover. Innovative MedTech's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.
The historical data trend for Innovative MedTech'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.
Innovative MedTech Annual Data | |||||||||||||||||||||
Trend | Oct09 | Oct10 | Oct11 | Oct12 | Oct13 | Oct14 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | - | - | 5.13 | 4.80 | 4.45 |
Innovative MedTech Quarterly Data | ||||||||||||||||||||
Jan14 | Apr14 | Jul14 | Oct14 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Assets | Get a 7-Day Free Trial | 4.51 | 4.45 | 4.57 | 4.33 | 4.66 |
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.
Innovative MedTech's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as
Total Assets | = | Total Equity (A: Jun. 2023 ) | + | Total Liabilities (A: Jun. 2023 ) |
= | -1.308 | + | 5.758 | |
= | 4.45 |
Innovative MedTech'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 ) |
= | -1.377 | + | 6.035 | |
= | 4.66 |
* 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.
Innovative MedTech (OTCPK:IMTH) Total Assets Explanation
Total Assets is connected with ROA %.
Innovative MedTech'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 ) |
= | -3.64 | / | ( (4.33 | + | 4.659) | / 2 ) | |
= | -3.64 | / | 4.4945 | ||||
= | -80.99 % |
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.
Innovative MedTech'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 ) |
= | 0.455 | / | ( (4.33 | + | 4.659) | / 2 ) |
= | 0.455 | / | 4.4945 | |||
= | 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 Innovative MedTech's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Merle Griff | officer: Chief Executive Officer | 2310 YORK ST, SUITE 200, BLUE ISLAND IL 60406 |
Eddie Dovner | 10 percent owner | 70 SE 4TH AVE, DELRAY BEACH FL 33483 |
Charles Everhardt | director, 10 percent owner, other: Chairman of the Board | 2310 YORK ST, STE 200, BLUE ISLAND IL 60406 |
Arthur Friedman | 10 percent owner | 280 MADISON AVE #1007, NEW YORK NY 10016 |
Marcia Roberts | 10 percent owner | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Michael Jordan Friedman | director, 10 percent owner, officer: President & CEO | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Illuminate, Inc. | 10 percent owner | 881 KENNEDY BLVD., JERSEY CITL NJ 07002 |
A William Bodine | director, officer: CFO | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Dominick M Cingari | director, officer: COO | 280 MADISON AVENUE, SUITE 1005, NEW YORK NY 10016 |
Jay Odintz | director | 280 MADISON AVENUE, NEW YORK NY 10016 |
Vincent L Verdiramo | director, officer: President | 3163 KENNEDY BLVD, JERSEY CITY NJ 07306 |
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