Nano Magic's Total Assets for the quarter that ended in Mar. 2024 was $2.86 Mil.
During the past 12 months, Nano Magic's average Total Assets Growth Rate was -26.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -12.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 23.90% per year.
During the past 10 years, the average Total Assets Growth Rate was -0.40% per year.
During the past 13 years, Nano Magic's highest 3-Year average Total Assets Growth Rate was 174.80%. The lowest was -68.20%. And the median was 15.30%.
Total Assets is connected with ROA %. Nano Magic's annualizedROA % for the quarter that ended in Mar. 2024 was -93.65%. Total Assets is also linked to Revenue through Asset Turnover. Nano Magic's Asset Turnover for the quarter that ended in Mar. 2024 was 0.18.
Nano Magic Total Assets Historical Data
The historical data trend for Nano Magic'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.
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.
Nano Magic's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Nano Magic's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Nano Magic Total Assets Related Terms
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Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces.
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