GURUFOCUS.COM » STOCK LIST » Technology » Software » Averox Inc (OTCPK:AVRI) » Definitions » Total Assets

Averox (Averox) Total Assets : $1.78 Mil (As of Jun. 2009)


View and export this data going back to . Start your Free Trial

What is Averox Total Assets?

Averox's Total Assets for the quarter that ended in Jun. 2009 was $1.78 Mil.

Total Assets is connected with ROA %. Averox's annualized ROA % for the quarter that ended in Jun. 2009 was 0.22%. Total Assets is also linked to Revenue through Asset Turnover. Averox's Asset Turnover for the quarter that ended in Jun. 2009 was 0.13.


Averox Total Assets Historical Data

The historical data trend for Averox'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.

Averox Total Assets Chart

Averox Annual Data
Trend Dec03 Dec04 Dec05 Jun07 Jun08
Total Assets
- - - 1.70 0.55

Averox Quarterly Data
Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 0.55 1.60 1.89 1.81 1.78

Averox 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.

Averox's Total Assets for the fiscal year that ended in Jun. 2008 is calculated as

Total Assets=Total Equity (A: Jun. 2008 )+Total Liabilities (A: Jun. 2008 )
=-0.032+0.577
=0.55

Averox's Total Assets for the quarter that ended in Jun. 2009 is calculated as

Total Assets=Total Equity (Q: Jun. 2009 )+Total Liabilities (Q: Jun. 2009 )
=0.367+1.409
=1.78

* 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.


Averox  (OTCPK:AVRI) Total Assets Explanation

Total Assets is connected with ROA %.

Averox's annualized ROA % for the quarter that ended in Jun. 2009 is

ROA %=Net Income (Q: Jun. 2009 )/( (Total Assets (Q: Mar. 2009 )+Total Assets (Q: Jun. 2009 ))/ count )
=0.004/( (1.81+1.777)/ 2 )
=0.004/1.7935
=0.22 %

Note: The Net Income data used here is four times the quarterly (Jun. 2009) 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.

Averox's Asset Turnover for the quarter that ended in Jun. 2009 is

Asset Turnover
=Revenue (Q: Jun. 2009 )/( (Total Assets (Q: Mar. 2009 )+Total Assets (Q: Jun. 2009 ))/ count )
=0.239/( (1.81+1.777)/ 2 )
=0.239/1.7935
=0.13

* 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.

Averox Total Assets Related Terms

Thank you for viewing the detailed overview of Averox's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Averox (Averox) Business Description

Traded in Other Exchanges
N/A
Address
13784 Graber Avenue, Sylmar, CA, USA, 91342
Averox Inc started as a software company writing programs useful to small and large businesses. The current business plan is to merge with a private company, possibly a manufacturer of surgical instruments.

Averox (Averox) Headlines

From GuruFocus

Averox Inc. Takes New Name and Goes on a Mission

By GuruFocusNews GuruFocusNews 01-19-2022

Averox Acquires a Hot Drone Company

By sperokesalga sperokesalga 03-27-2023