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NRGene Technologies (XTAE:NRGN) Total Assets : ₪40.36 Mil (As of Dec. 2023)


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What is NRGene Technologies Total Assets?

NRGene Technologies's Total Assets for the quarter that ended in Dec. 2023 was ₪40.36 Mil.

During the past 12 months, NRGene Technologies's average Total Assets Growth Rate was -13.60% per year. During the past 3 years, the average Total Assets Growth Rate was 23.20% per year.

During the past 4 years, NRGene Technologies's highest 3-Year average Total Assets Growth Rate was 23.20%. The lowest was 23.20%. And the median was 23.20%.

Total Assets is connected with ROA %. NRGene Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was -42.91%. Total Assets is also linked to Revenue through Asset Turnover. NRGene Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

NRGene Technologies Total Assets Historical Data

The historical data trend for NRGene 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.

* Premium members only.

NRGene Technologies Total Assets Chart

NRGene Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
14.22 98.65 64.75 40.36

NRGene Technologies Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 98.65 74.42 64.75 51.33 40.36

NRGene 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.

NRGene Technologies'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 )
=26.993+13.369
=40.36

NRGene Technologies'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 )
=26.993+13.369
=40.36

* 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.

NRGene Technologies  (XTAE:NRGN) Total Assets Explanation

Total Assets is connected with ROA %.

NRGene Technologies's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-19.674/( (51.329+40.362)/ 2 )
=-19.674/45.8455
=-42.91 %

Note: The Net Income data used here is two times the semi-annual (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.

NRGene Technologies's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=3.188/( (51.329+40.362)/ 2 )
=3.188/45.8455
=0.07

* 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.

NRGene Technologies Total Assets Related Terms

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NRGene Technologies (XTAE:NRGN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » NRGene Technologies Ltd (XTAE:NRGN) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
5 Golda Meir Street, Ness-Ziona, ISR, 7403649
Website
https://www.nrgene.com
NRGene Technologies Ltd is engaged in the development of artificial intelligence-based software for the analysis of genetic information in order to improve species of plants and animals.

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