Forward Industries's Total Assets for the quarter that ended in Dec. 2023 was $16.34 Mil.
During the past 12 months, Forward Industries's average Total Assets Growth Rate was -31.80% per year.
During the past 3 years, the average Total Assets Growth Rate was -4.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 2.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.90% per year.
During the past 13 years, Forward Industries's highest 3-Year average Total Assets Growth Rate was 51.50%. The lowest was -24.60%. And the median was 3.70%.
Total Assets is connected with ROA %. Forward Industries's annualizedROA % for the quarter that ended in Dec. 2023 was -8.40%. Total Assets is also linked to Revenue through Asset Turnover. Forward Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.42.
Forward Industries Total Assets Historical Data
The historical data trend for Forward Industries'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.
Forward Industries's Total Assets for the fiscal year that ended in Sep. 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.
Forward Industries (NAS:FORD) Total Assets Explanation
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.
Forward Industries's Asset Turnover for the quarter that ended in Dec. 2023 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.
Forward Industries Total Assets Related Terms
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Forward Industries (Forward Industries) Business Description
Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.
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