Co-Diagnostics (LTS:0A50) Total Assets : $86.67 Mil (As of Mar. 2024)

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What is Co-Diagnostics Total Assets?

Co-Diagnostics's Total Assets for the quarter that ended in Mar. 2024 was $86.67 Mil.

During the past 12 months, Co-Diagnostics's average Total Assets Growth Rate was -12.00% per year. During the past 3 years, the average Total Assets Growth Rate was 15.40% per year. During the past 5 years, the average Total Assets Growth Rate was 149.40% per year.

During the past 9 years, Co-Diagnostics's highest 3-Year average Total Assets Growth Rate was 388.20%. The lowest was 15.40%. And the median was 120.65%.

Total Assets is connected with ROA %. Co-Diagnostics's annualized ROA % for the quarter that ended in Mar. 2024 was -40.93%. Total Assets is also linked to Revenue through Asset Turnover. Co-Diagnostics's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Co-Diagnostics Total Assets Historical Data

The historical data trend for Co-Diagnostics'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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Co-Diagnostics Total Assets Chart

Co-Diagnostics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.22

71.24

160.03

123.09

95.32

Co-Diagnostics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															117.00	112.80	108.68	95.32	86.67

Co-Diagnostics 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.

Co-Diagnostics'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 )
	=	86.014	+	9.307
	=	95.32

Co-Diagnostics'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 )
	=	78.353	+	8.318
	=	86.67

Co-Diagnostics (LTS:0A50) Total Assets Explanation

Total Assets is connected with ROA %.

Co-Diagnostics'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 )
	=	-37.248	/	( (95.321	+	86.671)	/ 2 )
	=	-37.248	/	90.996
	=	-40.93 %

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.

Co-Diagnostics'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 )
=	0.253	/	( (95.321	+	86.671)	/ 2 )
=	0.253	/	90.996
=	0.00

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.

Co-Diagnostics Total Assets Related Terms

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Co-Diagnostics (LTS:0A50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Co-Diagnostics Inc (LTS:0A50) » Definitions » Total Assets

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Traded in Other Exchanges

CODX:USA C97:Germany

Address

2401 South Foothill Drive, Salt Lake City, UT, USA, 84109

Website

https://www.codiagnostics.com

Co-Diagnostics Inc is a molecular diagnostics company. It develops, licenses, and commercializes molecular technologies such as lab systems (MDx device) and manufacture and sell reagents used for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). CDI's low-cost system uses its tests to diagnose tuberculosis, Zika, hepatitis B and C, Malaria, dengue and HIV. The company's diagnostics systems enable very rapid, low-cost, sophisticated molecular testing for organisms and genetic diseases by greatly automating historically complex procedures in both the development and administration of tests.

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