Vision Marine Technologies (Vision Marine Technologies) Total Assets : $15.80 Mil (As of Feb. 2024)

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What is Vision Marine Technologies Total Assets?

Vision Marine Technologies's Total Assets for the quarter that ended in Feb. 2024 was $15.80 Mil.

Warning Sign:

If a company builds assets at 84.9% a year, faster than its revenue growth rate of 30.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Vision Marine Technologies's average Total Assets Growth Rate was 2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 105.60% per year. During the past 5 years, the average Total Assets Growth Rate was 84.90% per year.

During the past 6 years, Vision Marine Technologies's highest 3-Year average Total Assets Growth Rate was 132.00%. The lowest was 105.60%. And the median was 123.10%.

Total Assets is connected with ROA %. Vision Marine Technologies's annualized ROA % for the quarter that ended in Feb. 2024 was -153.29%. Total Assets is also linked to Revenue through Asset Turnover. Vision Marine Technologies's Asset Turnover for the quarter that ended in Feb. 2024 was 0.03.

Vision Marine Technologies Total Assets Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies Total Assets Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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1.44

2.75

30.80

22.53

17.84

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															17.63	16.21	17.84	16.70	15.80

Vision Marine Technologies 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.

Vision Marine Technologies's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	8.58	+	9.261
	=	17.84

Vision Marine Technologies's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	4.739	+	11.064
	=	15.80

Vision Marine Technologies (NAS:VMAR) Total Assets Explanation

Total Assets is connected with ROA %.

Vision Marine Technologies's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-24.908	/	( (16.696	+	15.802)	/ 2 )
	=	-24.908	/	16.249
	=	-153.29 %

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

Vision Marine Technologies's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0.54	/	( (16.696	+	15.802)	/ 2 )
=	0.54	/	16.249
=	0.03

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.

Vision Marine Technologies Total Assets Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Total Assets

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Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.