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NOVONIX (ASX:NVX) Total Assets : A$362.70 Mil (As of Jun. 2024)


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What is NOVONIX Total Assets?

NOVONIX's Total Assets for the quarter that ended in Jun. 2024 was A$362.70 Mil.

Warning Sign:

If a company builds assets at 64.2% a year, faster than its revenue growth rate of 12.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, NOVONIX's average Total Assets Growth Rate was 7.70% per year. During the past 3 years, the average Total Assets Growth Rate was 96.60% per year. During the past 5 years, the average Total Assets Growth Rate was 64.20% per year.

During the past 9 years, NOVONIX's highest 3-Year average Total Assets Growth Rate was 466.90%. The lowest was 4.30%. And the median was 97.60%.

Total Assets is connected with ROA %. NOVONIX's annualized ROA % for the quarter that ended in Jun. 2024 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. NOVONIX's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.


NOVONIX Total Assets Historical Data

The historical data trend for NOVONIX'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.

NOVONIX Total Assets Chart

NOVONIX Annual Data
Trend Sep15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only 35.22 75.00 199.22 431.14 393.43

NOVONIX Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 418.53 - 393.43 - 362.70

NOVONIX 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.

NOVONIX'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 )
=274.8+118.634
=393.43

NOVONIX'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 )
=238.055+124.647
=362.70

* 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.


NOVONIX  (ASX:NVX) Total Assets Explanation

Total Assets is connected with ROA %.

NOVONIX'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 )
=0/( (0+362.704)/ 1 )
=0/362.704
=0.00 %

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.

NOVONIX'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 )
=0/( (0+362.704)/ 1 )
=0/362.704
=0.00

* 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.

NOVONIX Total Assets Related Terms

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NOVONIX Business Description

Traded in Other Exchanges
Address
46 Edward Street, Level 8, Brisbane, QLD, AUS, 4000
NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration and Mining, Battery Technology, and NOVONIX Anode Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposits. The NOVONIX Anode Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carries out research and development in battery development. The Battery Technology segment generates maximum revenue for the company.