WRAP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
WRAP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Wrap Technologies's Total Assets for the quarter that ended in Sep. 2023 was $31.67 Mil.
During the past 12 months, Wrap Technologies's average Total Assets Growth Rate was 89.60% per year. During the past 3 years, the average Total Assets Growth Rate was 48.70% per year. During the past 5 years, the average Total Assets Growth Rate was 140.00% per year.
During the past 7 years, Wrap Technologies's highest 3-Year average Total Assets Growth Rate was 348.90%. The lowest was 48.70%. And the median was 210.20%.
Total Assets is connected with ROA %. Wrap Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -35.61%. Total Assets is also linked to Revenue through Asset Turnover. Wrap Technologies's Asset Turnover for the quarter that ended in Sep. 2023 was 0.12.
The historical data trend for Wrap Technologies'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.
Wrap Technologies Annual Data | ||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||
Total Assets | Get a 7-Day Free Trial | 12.79 | 20.42 | 48.83 | 44.23 | 30.57 |
Wrap Technologies Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Total Assets | Get a 7-Day Free Trial | 32.52 | 30.57 | 27.24 | 30.86 | 31.67 |
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.
Wrap Technologies's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
Total Assets | = | Total Equity (A: Dec. 2022 ) | + | Total Liabilities (A: Dec. 2022 ) |
= | 27.055 | + | 3.516 | |
= | 30.57 |
Wrap Technologies's Total Assets for the quarter that ended in Sep. 2023 is calculated as
Total Assets | = | Total Equity (Q: Sep. 2023 ) | + | Total Liabilities (Q: Sep. 2023 ) |
= | 20.571 | + | 11.096 | |
= | 31.67 |
* 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.
Wrap Technologies (NAS:WRAP) Total Assets Explanation
Total Assets is connected with ROA %.
Wrap Technologies's annualized ROA % for the quarter that ended in Sep. 2023 is
ROA % | = | Net Income (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | -11.132 | / | ( (30.856 | + | 31.667) | / 2 ) | |
= | -11.132 | / | 31.2615 | ||||
= | -35.61 % |
Note: The Net Income data used here is four times the quarterly (Sep. 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.
Wrap Technologies's Asset Turnover for the quarter that ended in Sep. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 3.631 | / | ( (30.856 | + | 31.667) | / 2 ) |
= | 3.631 | / | 31.2615 | |||
= | 0.12 |
* 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 Wrap Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy Szymanski | director | C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281 |
Rajiv Srinivasan | director | C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281 |
Kevin W Mullins | officer: PRESIDENT | C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281 |
Christopher James Dealmeida | officer: Chief Financial Officer | 1817 W 4TH STREET, TEMPE AZ 85281 |
Elwood G Norris | 10 percent owner | 13771 DANIELSON STREET, STE. L, POWAY CA 92064 |
Bruce Bernstein | director | 780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Marc Savas | director | 8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046 |
Tj Kennedy | director | 400 S 4TH ST, STE. 401-412, MINNEAPOLIS MN 55415 |
Scot Cohen | director, officer: Executive Chairman, Secretary | 20 EAST 20TH ST., APT. 6, NEW YORK NY 10003 |
Kevin Charles Sherman | director | 1730 BLAKE ST STE 305, DENVER CO 80202 |
Glenn M Hickman | officer: CHIEF OPERATING OFFICER | C/O WRAP TECHNOLOGIES, 1817 W 4TH STREET, TEMPE AZ 85281 |
Varner Leo William Jr. | officer: INTERIM CEO | 400 GALLERIA PKWY SE, SUITE 1760, ATLANTA GA 30339 |
James A Barnes | director, officer: President and CFO | 13771 DANIELSON STREET, STE. L, POWAY CA 92064 |
Thomas P Smith | officer: PRESIDENT | 7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627 |
David G Norris | director, officer: President | C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277 |
From GuruFocus
By Marketwired • 07-13-2023
By Marketwired • 06-30-2023
By sperokesalga sperokesalga • 05-03-2023
By Marketwired • 10-24-2023
By Marketwired • 10-26-2023
By Marketwired • 06-27-2023
By sperokesalga sperokesalga • 05-26-2023
By Marketwired • 10-13-2023
By GlobeNewswire • 09-01-2023
By Marketwired • 07-20-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.