Econavista (TSE:5585) Total Assets : 円3,119.3 Mil (As of Jan. 2024)

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What is Econavista Total Assets?

Econavista's Total Assets for the quarter that ended in Jan. 2024 was 円3,119.3 Mil.

During the past 12 months, Econavista's average Total Assets Growth Rate was 16.10% per year.

Total Assets is connected with ROA %. Econavista's annualized ROA % for the quarter that ended in Jan. 2024 was 11.86%. Total Assets is also linked to Revenue through Asset Turnover. Econavista's Asset Turnover for the quarter that ended in Jan. 2024 was 0.11.

Econavista Total Assets Historical Data

The historical data trend for Econavista'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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Econavista Total Assets Chart

Econavista Annual Data

Trend

Oct21

Oct22

Oct23

Total Assets

711.60

1,151.02

3,066.83

Econavista Quarterly Data
	Oct21	Oct22	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial			1,151.02	1,567.51	2,736.54	3,066.83	3,119.35

Econavista 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.

Econavista's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	2883.485	+	183.344
	=	3,066.8

Econavista'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 )
	=	2981.15	+	138.195
	=	3,119.3

Econavista (TSE:5585) Total Assets Explanation

Total Assets is connected with ROA %.

Econavista'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 )
	=	366.832	/	( (3066.829	+	3119.345)	/ 2 )
	=	366.832	/	3093.087
	=	11.86 %

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.

Econavista'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 )
=	346.806	/	( (3066.829	+	3119.345)	/ 2 )
=	346.806	/	3093.087
=	0.11

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.

Econavista Total Assets Related Terms

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Econavista (TSE:5585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econavista Inc (TSE:5585) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

3-1 Kioicho, KKD Building 6 Floor, Chiyoda-ku, Tokyo, JPN, 102-0094

Website

https://www.econavista.com

Econavista Inc is engaged in the Development of AI for predicting health status transition through sleep analysis technology and its application to solve social challenges, such as its AI-backed services of Life Rhythm Navi. It automatically records your daily living conditions (life rhythm) and works with specialized medical institutions to visualize the signs of dementia and diseases that are common among the elderly (heat stroke, sleep disorders, etc.). It is a monitoring system to prevent sudden changes in physical conditions and accidents in preventive medicine.

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