Leatt (LEAT) Total Assets : $47.61 Mil (As of Dec. 2023)

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What is Leatt Total Assets?

Leatt's Total Assets for the quarter that ended in Dec. 2023 was $47.61 Mil.

Warning Sign:

If a company builds assets at 31.9% a year, faster than its revenue growth rate of 18.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Leatt's average Total Assets Growth Rate was -19.10% per year. During the past 3 years, the average Total Assets Growth Rate was 16.00% per year. During the past 5 years, the average Total Assets Growth Rate was 31.90% per year. During the past 10 years, the average Total Assets Growth Rate was 19.20% per year.

During the past 13 years, Leatt's highest 3-Year average Total Assets Growth Rate was 59.00%. The lowest was 1.20%. And the median was 10.05%.

Total Assets is connected with ROA %. Leatt's annualized ROA % for the quarter that ended in Dec. 2023 was -12.18%. Total Assets is also linked to Revenue through Asset Turnover. Leatt's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

Leatt Total Assets Historical Data

The historical data trend for Leatt'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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Leatt Total Assets Chart

Leatt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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18.19

26.24

49.17

51.93

47.61

Leatt Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															51.93	49.49	49.07	48.09	47.61

Leatt 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.

Leatt'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 )
	=	40.281	+	7.327
	=	47.61

Leatt's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	40.281	+	7.327
	=	47.61

Leatt (OTCPK:LEAT) Total Assets Explanation

Total Assets is connected with ROA %.

Leatt's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-5.828	/	( (48.093	+	47.607)	/ 2 )
	=	-5.828	/	47.85
	=	-12.18 %

Note: The Net Income data used here is four times the quarterly (Dec. 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.

Leatt's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	9.803	/	( (48.093	+	47.607)	/ 2 )
=	9.803	/	47.85
=	0.20

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.

Leatt Total Assets Related Terms

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Leatt (LEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Leatt Corp (OTCPK:LEAT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Atlas Gardens, Contermanskloof Road, 12 Kiepersol Drive, Durbanville, WC, ZAF, 7550

Website

https://www.leatt.com

Leatt Corp designs, develops, markets, and distributes personal protective equipment for participants in all forms of motorsports and leisure activities, including riders of motorcycles, bicycles, snowmobiles, and ATVs, as well as racing car drivers. It operates through the Leatt-Brace brand which offers a patented injection molded neck protection system designed to prevent potentially devastating injuries to the cervical spine and neck. Leatt also acts as the original equipment manufacturer for neck braces sold by other international brands. Geographically all the operations function through the region of the US.

Executives

Christopher James Leatt	director, 10 percent owner	C/O LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDENS, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550
Sean Macdonald	director, officer: CEO, CFO	C/O LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDENS, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550
Jeffrey J Guzy	director	3130 19TH STREET, NORTH, ARLINGTON VA 22201
Villiers Jean-pierre De	10 percent owner	GOEDEMOED FARM, KEISIE VALLEY, MONTAGU T3 6720
Zafiris M. Zafiropoulos	director	C/P LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDEN, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550