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Fulgent Genetics's Total Assets for the quarter that ended in Dec. 2023 was $1,235.3 Mil.
Warning Sign:
If a company builds assets at 113.4% a year, faster than its revenue growth rate of 69.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Fulgent Genetics's average Total Assets Growth Rate was -5.70% per year. During the past 3 years, the average Total Assets Growth Rate was 26.50% per year. During the past 5 years, the average Total Assets Growth Rate was 113.40% per year.
During the past 10 years, Fulgent Genetics's highest 3-Year average Total Assets Growth Rate was 230.80%. The lowest was 17.60%. And the median was 135.50%.
Total Assets is connected with ROA %. Fulgent Genetics's annualized ROA % for the quarter that ended in Dec. 2023 was -39.53%. Total Assets is also linked to Revenue through Asset Turnover. Fulgent Genetics's Asset Turnover for the quarter that ended in Dec. 2023 was 0.05.
The historical data trend for Fulgent Genetics'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.
Fulgent Genetics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 88.76 | 700.46 | 1,278.72 | 1,386.05 | 1,235.33 |
Fulgent Genetics Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 1,386.05 | 1,376.77 | 1,354.58 | 1,358.40 | 1,235.33 |
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.
Fulgent Genetics'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 ) |
= | 1133.286 | + | 102.042 | |
= | 1,235.3 |
Fulgent Genetics's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 1133.286 | + | 102.042 | |
= | 1,235.3 |
* 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.
Fulgent Genetics (NAS:FLGT) Total Assets Explanation
Total Assets is connected with ROA %.
Fulgent Genetics's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | -512.596 | / | ( (1358.398 | + | 1235.328) | / 2 ) | |
= | -512.596 | / | 1296.863 | ||||
= | -39.53 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.
Fulgent Genetics's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 70.505 | / | ( (1358.398 | + | 1235.328) | / 2 ) |
= | 70.505 | / | 1296.863 | |||
= | 0.05 |
* 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.
Thank you for viewing the detailed overview of Fulgent Genetics's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Jian Xie | officer: Chief Operating Officer | C/O FULGENT GENETICS, INC., 4399 SANTA ANITA AVE, EL MONTE CA 91731 |
Hanlin Gao | 10 percent owner, officer: Chief Scientific Officer | 4399 SANTA ANITA AVE., EL MONTE CA 91731 |
Paul Kim | officer: CFO and Treasurer | 4399 SANTA ANITA AVE, EL MONTE CA 91731 |
Regina E Groves | director | 5751 COPLEY DRIVE, SAN DIEGO CA 92111 |
Leonard E Post | director | |
Michael Nohaile | director | C/O BIO AI ACCELERATION COMPANY, 20 UNIVERSITY AVENUE, CAMBRIDGE MA 02138 |
John C Bolger | director | 4978 SANTA ANITA AVENUE, SUITE 205, TEMPLE CITY CA 91780 |
Ming Hsieh Trust | 10 percent owner | 4399 SANTA ANITA AVE., EL MONTE CA 91731 |
Linda Marsh | director | 100 N. STONEMAN AVE., ROOM 200, ALHAMBRA CA 91801 |
Ming Hsieh | director, 10 percent owner, officer: President and CEO | 4399 SANTA ANITA AVE., EL MONTE CA 91731 |
Fulgent Genetics, Inc. | director | 4399 SANTA ANITA AVE, EL MONTE CA 91731 |
Yun Yen | director | 1301 OAKLAWN ROAD, ARCADIA CA 91006 |
James Mulay | director | 6521 THOROUGHBRED LOOP, ODESSA FL 33556 |
Xi Long Usa, Inc. | 10 percent owner | #6 XINRUI RD., SCIENCE CITY, LUOGANG DISTRICT, GUANGZHOU CITY F4 510663 |
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