Ectin Research AB (XSAT:ECTIN B) Total Assets : kr4.42 Mil (As of Mar. 2024)

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What is Ectin Research AB Total Assets?

Ectin Research AB's Total Assets for the quarter that ended in Mar. 2024 was kr4.42 Mil.

During the past 12 months, Ectin Research AB's average Total Assets Growth Rate was -94.70% per year. During the past 3 years, the average Total Assets Growth Rate was -51.30% per year.

During the past 4 years, Ectin Research AB's highest 3-Year average Total Assets Growth Rate was -51.30%. The lowest was -51.30%. And the median was -51.30%.

Total Assets is connected with ROA %. Ectin Research AB's annualized ROA % for the quarter that ended in Mar. 2024 was -169.57%. Total Assets is also linked to Revenue through Asset Turnover. Ectin Research AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Ectin Research AB Total Assets Historical Data

The historical data trend for Ectin Research AB'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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Ectin Research AB Total Assets Chart

Ectin Research AB Annual Data

Trend

Aug19

Aug20

Dec22

Dec23

Total Assets

11.28

10.32

23.76

6.43

Ectin Research AB Quarterly Data
	Aug19	Aug20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								21.17	19.24	17.37	6.43	4.42

Ectin Research AB 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.

Ectin Research AB'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 )
	=	4.199	+	2.229
	=	6.43

Ectin Research AB'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 )
	=	1.9	+	2.518
	=	4.42

Ectin Research AB (XSAT:ECTIN B) Total Assets Explanation

Total Assets is connected with ROA %.

Ectin Research AB'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 )
	=	-9.196	/	( (6.428	+	4.418)	/ 2 )
	=	-9.196	/	5.423
	=	-169.57 %

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.

Ectin Research AB'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 )
=	0	/	( (6.428	+	4.418)	/ 2 )
=	0	/	5.423
=	0.00

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.

Ectin Research AB Total Assets Related Terms

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Ectin Research AB (XSAT:ECTIN B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Ectin Research AB (XSAT:ECTIN B) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pepparedsleden 1, Molndal, SWE, 431 83

Website

https://www.ectinresearch.com

Ectin Research AB is a pharmaceutical company developing a novel treatment that eliminates cancer tumors. Its drug candidate MFA-370 engages in the treatment of metastatic bladder cancer, and has also shown potential in other cancers such as breast, colorectal and prostate cancer cells.

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