Omnia Wellness (Omnia Wellness) Total Assets : $2.14 Mil (As of Sep. 2022)

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What is Omnia Wellness Total Assets?

Omnia Wellness's Total Assets for the quarter that ended in Sep. 2022 was $2.14 Mil.

Total Assets is connected with ROA %. Omnia Wellness's annualized ROA % for the quarter that ended in Sep. 2022 was -114.08%. Total Assets is also linked to Revenue through Asset Turnover. Omnia Wellness's Asset Turnover for the quarter that ended in Sep. 2022 was 0.01.

Omnia Wellness Total Assets Historical Data

The historical data trend for Omnia Wellness'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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Omnia Wellness Total Assets Chart

Omnia Wellness Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Total Assets

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2.16

2.36

Omnia Wellness Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial															2.30	2.34	2.36	2.32	2.14

Omnia Wellness 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.

Omnia Wellness's Total Assets for the fiscal year that ended in Mar. 2022 is calculated as

Total Assets	=	Total Equity (A: Mar. 2022 )	+	Total Liabilities (A: Mar. 2022 )
	=	-5.2	+	7.562
	=	2.36

Omnia Wellness's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	-6.314	+	8.451
	=	2.14

Omnia Wellness (OTCPK:OMWS) Total Assets Explanation

Total Assets is connected with ROA %.

Omnia Wellness's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	-2.54	/	( (2.316	+	2.137)	/ 2 )
	=	-2.54	/	2.2265
	=	-114.08 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) 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.

Omnia Wellness's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	0.028	/	( (2.316	+	2.137)	/ 2 )
=	0.028	/	2.2265
=	0.01

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.

Omnia Wellness Total Assets Related Terms

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Omnia Wellness (Omnia Wellness) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Omnia Wellness Inc (OTCPK:OMWS) » Definitions » Total Assets

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Address

999 18th Street, Suite 3000, Denver, CO, USA, 80202

Website

https://www.omniawellness.com

Omnia Wellness Inc Endo-Kinetic treatment provides a dynamic and effective full-body treatment to help soothe the body from pain, stress and exercise. Through SolaJet, AquaVive, SolaPro and Bodystop brands, the company is delivering wellness and value to users and professionals across the United States. Its flagship proprietary SolaJet Dry-Hydrotherapy System produces deep tissue penetration combined with therapeutic heat and sequential compression that combines three therapies in one to deliver the feeling of an hour-long traditional massage in as little as 15 minutes at an affordable price point for the user.