Everspin Technologies (LTS:0IJ3) Total Assets : $64.57 Mil (As of Jun. 2024)

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What is Everspin Technologies Total Assets?

Everspin Technologies's Total Assets for the quarter that ended in Jun. 2024 was $64.57 Mil.

Warning Sign:

If a company builds assets at 7.8% a year, faster than its revenue growth rate of 2.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Everspin Technologies's average Total Assets Growth Rate was 5.10% per year. During the past 3 years, the average Total Assets Growth Rate was 19.20% per year. During the past 5 years, the average Total Assets Growth Rate was 7.80% per year.

During the past 10 years, Everspin Technologies's highest 3-Year average Total Assets Growth Rate was 35.80%. The lowest was -6.00%. And the median was 19.20%.

Total Assets is connected with ROA %. Everspin Technologies's annualized ROA % for the quarter that ended in Jun. 2024 was -15.31%. Total Assets is also linked to Revenue through Asset Turnover. Everspin Technologies's Asset Turnover for the quarter that ended in Jun. 2024 was 0.16.

Everspin Technologies Total Assets Historical Data

The historical data trend for Everspin 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.

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Everspin Technologies Total Assets Chart

Everspin Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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35.37

32.53

39.38

55.33

67.30

Everspin Technologies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															57.27	63.00	67.30	66.17	64.57

Everspin 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.

Everspin 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 )
	=	53.921	+	13.382
	=	67.30

Everspin Technologies's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	55.422	+	9.143
	=	64.57

Everspin Technologies (LTS:0IJ3) Total Assets Explanation

Total Assets is connected with ROA %.

Everspin Technologies's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-10.008	/	( (66.166	+	64.565)	/ 2 )
	=	-10.008	/	65.3655
	=	-15.31 %

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

Everspin Technologies's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	10.636	/	( (66.166	+	64.565)	/ 2 )
=	10.636	/	65.3655
=	0.16

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.

Everspin Technologies Total Assets Related Terms

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Everspin Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Everspin Technologies Inc (LTS:0IJ3) » Definitions » Total Assets

Comparable Companies

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MRAM:USA

Address

5670 W. Chandler Boulevard, Suite 130, Chandler, AZ, USA, 85226

Website

https://www.everspin.com

Everspin Technologies Inc is a provider of Magnetoresistive Random Access Memory (MRAM) products. Its portfolio of MRAM technologies, including Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM), delivers superior performance, persistence, and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. The company derives revenue from the sale of MRAM-based products in discrete unit form, licenses of and royalties on MRAM and magnetic sensor technology, the sale of backend foundry services, and design services to third parties. It recognizes revenue in three primary geographic regions; North America; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).

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