AirBoss of America (AirBoss of America) Total Assets : $356.7 Mil (As of Dec. 2023)

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What is AirBoss of America Total Assets?

AirBoss of America's Total Assets for the quarter that ended in Dec. 2023 was $356.7 Mil.

Warning Sign:

If a company builds assets at 12.8% a year, faster than its revenue growth rate of 4.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, AirBoss of America's average Total Assets Growth Rate was -23.40% per year. During the past 3 years, the average Total Assets Growth Rate was 7.00% per year. During the past 5 years, the average Total Assets Growth Rate was 12.80% per year. During the past 10 years, the average Total Assets Growth Rate was 11.00% per year.

During the past 13 years, AirBoss of America's highest 3-Year average Total Assets Growth Rate was 89.50%. The lowest was -8.10%. And the median was 8.90%.

Total Assets is connected with ROA %. AirBoss of America's annualized ROA % for the quarter that ended in Dec. 2023 was -37.96%. Total Assets is also linked to Revenue through Asset Turnover. AirBoss of America's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.

AirBoss of America Total Assets Historical Data

The historical data trend for AirBoss of America'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.

* Premium members only.

AirBoss of America Total Assets Chart

AirBoss of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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249.66

367.37

443.26

440.77

356.66

AirBoss of America 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															440.77	436.89	414.04	401.19	356.66

AirBoss of America 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.

AirBoss of America'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 )
	=	148.857	+	207.799
	=	356.7

AirBoss of America'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 )
	=	148.857	+	207.799
	=	356.7

AirBoss of America (OTCPK:ABSSF) Total Assets Explanation

Total Assets is connected with ROA %.

AirBoss of America'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 )
	=	-143.832	/	( (401.187	+	356.656)	/ 2 )
	=	-143.832	/	378.9215
	=	-37.96 %

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.

AirBoss of America'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 )
=	92.696	/	( (401.187	+	356.656)	/ 2 )
=	92.696	/	378.9215
=	0.24

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.

AirBoss of America Total Assets Related Terms

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AirBoss of America (AirBoss of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (OTCPK:ABSSF) » Definitions » Total Assets

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Traded in Other Exchanges

2S1:Germany BOS:Canada

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.