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Orbit Technologies (XTAE:ORBI) Total Assets : ₪410.4 Mil (As of Jun. 2023)


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What is Orbit Technologies Total Assets?

Orbit Technologies's Total Assets for the quarter that ended in Jun. 2023 was ₪410.4 Mil.

During the past 3 years, the average Total Assets Growth Rate was 22.50% per year.

During the past 7 years, Orbit Technologies's highest 3-Year average Total Assets Growth Rate was 22.50%. The lowest was 10.90%. And the median was 16.70%.

Total Assets is connected with ROA %. Orbit Technologies's annualized ROA % for the quarter that ended in Jun. 2023 was 9.21%. Total Assets is also linked to Revenue through Asset Turnover. Orbit Technologies's Asset Turnover for the quarter that ended in Jun. 2023 was 0.14.

Orbit Technologies Total Assets Historical Data

The historical data trend for Orbit 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.

Orbit Technologies Total Assets Chart

Orbit Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Assets
Get a 7-Day Free Trial 175.10 212.10 - 289.35 399.28

Orbit Technologies Quarterly Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 399.28 400.89 410.35

Orbit 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.

Orbit Technologies's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=260.884+138.39
=399.3

Orbit Technologies's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (Q: Jun. 2023 )+Total Liabilities (Q: Jun. 2023 )
=278.477+131.874
=410.4

* 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.

Orbit Technologies  (XTAE:ORBI) Total Assets Explanation

Total Assets is connected with ROA %.

Orbit Technologies's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=37.368/( (400.889+410.351)/ 2 )
=37.368/405.62
=9.21 %

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

Orbit Technologies's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=58.331/( (400.889+410.351)/ 2 )
=58.331/405.62
=0.14

* 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.

Orbit Technologies Total Assets Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Total Assets
Comparable Companies
XTAE:ASHO XTAE:ISI XTAE:TATT XTAE:ARYT XTAE:BSEN XTAE:GKL XTAE:FBRT RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A
Traded in Other Exchanges
N/A
Address
8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608
Website
http://www.orbit-cs.com
Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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