Profound Medical (Profound Medical) Total Assets : $57.38 Mil (As of Mar. 2024)

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What is Profound Medical Total Assets?

Profound Medical's Total Assets for the quarter that ended in Mar. 2024 was $57.38 Mil.

Warning Sign:

If a company builds assets at 7.7% a year, faster than its revenue growth rate of 6.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Profound Medical's average Total Assets Growth Rate was -12.20% per year. During the past 3 years, the average Total Assets Growth Rate was -3.60% per year. During the past 5 years, the average Total Assets Growth Rate was 7.70% per year.

During the past 10 years, Profound Medical's highest 3-Year average Total Assets Growth Rate was 187.60%. The lowest was -3.60%. And the median was 16.50%.

Total Assets is connected with ROA %. Profound Medical's annualized ROA % for the quarter that ended in Mar. 2024 was -48.96%. Total Assets is also linked to Revenue through Asset Turnover. Profound Medical's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Profound Medical Total Assets Historical Data

The historical data trend for Profound 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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Profound Medical Total Assets Chart

Profound Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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30.06

104.60

86.78

64.42

43.91

Profound Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															61.24	56.81	50.44	43.91	57.38

Profound 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.

Profound Medical'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 )
	=	31.18	+	12.731
	=	43.91

Profound Medical's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	45.858	+	11.524
	=	57.38

Profound Medical (NAS:PROF) Total Assets Explanation

Total Assets is connected with ROA %.

Profound Medical's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-24.796	/	( (43.911	+	57.382)	/ 2 )
	=	-24.796	/	50.6465
	=	-48.96 %

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.

Profound Medical's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	1.91	/	( (43.911	+	57.382)	/ 2 )
=	1.91	/	50.6465
=	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.

Profound Medical Total Assets Related Terms

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Profound Medical (Profound Medical) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Profound Medical Corp (NAS:PROF) » Definitions » Total Assets

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PRN:Canada

Address

2400 Skymark Avenue, Unit 6, Mississauga, ON, CAN, L4W 5K5

Website

https://www.profoundmedical.com

Profound Medical Corp is a commercial-stage medical device company focused on the development and marketing of customizable, incision-free therapeutic systems for the image-guided ablation of diseased tissue utilizing its platform technologies and leveraging the healthcare system's existing imaging infrastructure. The company's product TULSA-PRO system combines real-time MRI, robotically driven transurethral sweeping-action thermal ultrasound with closed-loop temperature feedback control for the ablation of prostate tissue. The product is comprised of one-time-use devices and durable equipment that are used in conjunction with a customer's existing MRI scanner.