GenMark Diagnostics's Total Assets for the quarter that ended in Dec. 2020 was $223.5 Mil.
Warning Sign:
If a company builds asset at 25% a year, faster than its revenue growth rate of 19.2% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, GenMark Diagnostics's average Total Assets Growth Rate was 64.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 25.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 28.20% per year.
During the past 13 years, GenMark Diagnostics's highest 3-Year average Total Assets Growth Rate was 80.50%. The lowest was 7.40%. And the median was 28.30%.
The historical data trend for GenMark Diagnostics'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.
GenMark Diagnostics's Total Assets for the fiscal year that ended in Dec. 2020 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.
GenMark Diagnostics (NAS:GNMK) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2020) 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.
GenMark Diagnostics's Asset Turnover for the quarter that ended in Dec. 2020 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.
GenMark Diagnostics Total Assets Related Terms
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GenMark Diagnostics (GenMark Diagnostics) Business Description
GenMark Diagnostics Inc is a provider of automated, multiplex molecular diagnostic testing systems that detect and measure DNA and RNA targets to diagnose disease and optimize patient treatment. The company currently operates in one reportable business segment, which encompasses the development, manufacturing, sales, and support of instruments and molecular tests based on its proprietary eSensor detection technology. Its operations and assets are in the United States of America.
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