Oventus Medical (ASX:OVN) Total Assets : A$9.86 Mil (As of Dec. 2021)

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What is Oventus Medical Total Assets?

Oventus Medical's Total Assets for the quarter that ended in Dec. 2021 was A$9.86 Mil.

Total Assets is connected with ROA %. Oventus Medical's annualized ROA % for the quarter that ended in Dec. 2021 was -82.44%. Total Assets is also linked to Revenue through Asset Turnover. Oventus Medical's Asset Turnover for the quarter that ended in Dec. 2021 was 0.04.

Oventus Medical Total Assets Historical Data

The historical data trend for Oventus Medical'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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Oventus Medical Total Assets Chart

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Total Assets

14.12

15.81

8.96

14.33

15.08

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Total Assets	Get a 7-Day Free Trial						12.23	14.33	11.01	15.08	9.86

Oventus Medical 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.

Oventus Medical's Total Assets for the fiscal year that ended in Jun. 2021 is calculated as

Total Assets	=	Total Equity (A: Jun. 2021 )	+	Total Liabilities (A: Jun. 2021 )
	=	12.618	+	2.461
	=	15.08

Oventus Medical's Total Assets for the quarter that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2021 )	+	Total Liabilities (Q: Dec. 2021 )
	=	7.988	+	1.873
	=	9.86

Oventus Medical (ASX:OVN) Total Assets Explanation

Total Assets is connected with ROA %.

Oventus Medical's annualized ROA % for the quarter that ended in Dec. 2021 is

ROA %	=	Net Income (Q: Dec. 2021 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
	=	-10.28	/	( (15.079	+	9.861)	/ 2 )
	=	-10.28	/	12.47
	=	-82.44 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2021) 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.

Oventus Medical's Asset Turnover for the quarter that ended in Dec. 2021 is

	Asset Turnover
=	Revenue (Q: Dec. 2021 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
=	0.554	/	( (15.079	+	9.861)	/ 2 )
=	0.554	/	12.47
=	0.04

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.

Oventus Medical Total Assets Related Terms

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Oventus Medical (ASX:OVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Oventus Medical Ltd (ASX:OVN) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

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