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Cover (COVCF) Total Assets : $130.5 Mil (As of Dec. 2023)


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What is Cover Total Assets?

Cover's Total Assets for the quarter that ended in Dec. 2023 was $130.5 Mil.

During the past 12 months, Cover's average Total Assets Growth Rate was 73.60% per year. During the past 3 years, the average Total Assets Growth Rate was 105.60% per year.

During the past 4 years, Cover's highest 3-Year average Total Assets Growth Rate was 105.60%. The lowest was 105.60%. And the median was 105.60%.

Total Assets is connected with ROA %. Cover's annualized ROA % for the quarter that ended in Dec. 2023 was 21.45%. Total Assets is also linked to Revenue through Asset Turnover. Cover's Asset Turnover for the quarter that ended in Dec. 2023 was 0.38.

Cover Total Assets Historical Data

The historical data trend for Cover'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.

* Premium members only.

Cover Total Assets Chart

Cover Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Total Assets
32.35 69.48 118.86 151.60

Cover Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial 118.86 113.39 120.30 130.50 151.60

Cover 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.

Cover's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (A: Mar. 2024 )+Total Liabilities (A: Mar. 2024 )
=74.37+77.233
=151.6

Cover'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 )
=66.895+63.601
=130.5

* 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.

Cover  (OTCPK:COVCF) Total Assets Explanation

Total Assets is connected with ROA %.

Cover'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 )
=26.896/( (120.298+130.495)/ 2 )
=26.896/125.3965
=21.45 %

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.

Cover'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 )
=48.265/( (120.298+130.495)/ 2 )
=48.265/125.3965
=0.38

* 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.

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.

Cover Total Assets Related Terms

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Cover (COVCF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (OTCPK:COVCF) » Definitions » Total Assets
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Traded in Other Exchanges
5253:Japan
Address
1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014
Website
https://www.cover-corp.com
Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover (COVCF) Headlines

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