Airthings ASA (OSL:AIRX) Total Assets : kr637.0 Mil (As of Mar. 2024)

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What is Airthings ASA Total Assets?

Airthings ASA's Total Assets for the quarter that ended in Mar. 2024 was kr637.0 Mil.

Warning Sign:

If a company builds assets at 56.1% a year, faster than its revenue growth rate of 30% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Airthings ASA's average Total Assets Growth Rate was -6.00% per year. During the past 3 years, the average Total Assets Growth Rate was 28.50% per year. During the past 5 years, the average Total Assets Growth Rate was 56.10% per year.

During the past 7 years, Airthings ASA's highest 3-Year average Total Assets Growth Rate was 113.10%. The lowest was 28.50%. And the median was 72.65%.

Total Assets is connected with ROA %. Airthings ASA's annualized ROA % for the quarter that ended in Mar. 2024 was -5.14%. Total Assets is also linked to Revenue through Asset Turnover. Airthings ASA's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Airthings ASA Total Assets Historical Data

The historical data trend for Airthings ASA'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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Airthings ASA Total Assets Chart

Airthings ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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173.17

792.14

751.54

629.79

682.05

Airthings ASA Quarterly Data
	Dec18	Jun19	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															690.48	680.68	664.15	682.05	636.97

Airthings ASA 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.

Airthings ASA'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 )
	=	530.244	+	151.806
	=	682.1

Airthings ASA'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 )
	=	494.142	+	142.828
	=	637.0

Airthings ASA (OSL:AIRX) Total Assets Explanation

Total Assets is connected with ROA %.

Airthings ASA'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 )
	=	-33.872	/	( (682.05	+	636.97)	/ 2 )
	=	-33.872	/	659.51
	=	-5.14 %

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.

Airthings ASA'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 )
=	100.932	/	( (682.05	+	636.97)	/ 2 )
=	100.932	/	659.51
=	0.15

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.

Airthings ASA Total Assets Related Terms

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Airthings ASA (OSL:AIRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Airthings ASA (OSL:AIRX) » Definitions » Total Assets

Traded in Other Exchanges

64J:Germany

Address

Wergelandsveien 7, Oslo, NOR, 0167

Website

https://www.airthings.com

Airthings ASA is a hardware-enabled software company that develops products and systems for monitoring indoor air quality, radon, and energy efficiency. The company's solutions resolve issues related to air quality and air containment and enable a reduced CO2 footprint by optimizing energy consumption for buildings. It is engaged in three business segments which include Airthings for Consumer (Consumer), Airthings for Business (AfB), and Airthings for Professionals (Pro). The majority of the revenue comes from the Airthings for Consumer segment, which uses software solutions to monitor air quality and create and maintain a healthy living environment.

Airthings ASA (OSL:AIRX) Headlines

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