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AIRO Group (AIRO Group) Total Assets : $246.80 Mil (As of Jun. 2023)


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What is AIRO Group Total Assets?

AIRO Group's Total Assets for the quarter that ended in Jun. 2023 was $246.80 Mil.

Total Assets is connected with ROA %. AIRO Group's annualized ROA % for the quarter that ended in Jun. 2023 was -10.39%. Total Assets is also linked to Revenue through Asset Turnover. AIRO Group's Asset Turnover for the quarter that ended in Jun. 2023 was 0.04.

AIRO Group Total Assets Historical Data

The historical data trend for AIRO Group'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.

AIRO Group Total Assets Chart

AIRO Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
11.01 9.78 733.34 737.52

AIRO Group Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 248.60 733.34 252.79 246.80 737.52

AIRO Group 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.

AIRO Group'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 )
=595.456+142.067
=737.52

AIRO Group's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (Q: Jun. 2023 )+Total Liabilities (Q: Jun. 2023 )
=146.549+100.253
=246.80

* 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.

AIRO Group  (NAS:AIRO) Total Assets Explanation

Total Assets is connected with ROA %.

AIRO Group's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=-25.952/( (252.793+246.803)/ 2 )
=-25.952/249.798
=-10.39 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

AIRO Group's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=10.88/( (252.793+246.803)/ 2 )
=10.88/249.798
=0.04

* 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.

AIRO Group Total Assets Related Terms

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AIRO Group (AIRO Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AIRO Group Inc (NAS:AIRO) » Definitions » Total Assets
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Address
5001 Indian School Road NE, Suite 100, Albuquerque, NM, USA, 87110
Website
https://www.theairogroup.com
AIRO Group Holdings Inc is a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities dynamically addressing high-growth market trends across the entire Drone Ecosystem with a compelling range of drone technologies & services, avionics and defense training. AIRO provides a diversified product portfolio, ranging from established and mature product offerings to innovative drone and eVTOL solutions, with a balanced customer mix, both military and civil. Its wholly-owned subsidiaries are organized across four complimentary strategic divisions, each with a diverse set of partners and customers and each representing a large and fast-growing market segment: Advanced Avionics; Training; Uncrewed Air Systems; and Electric Air Mobility.

AIRO Group (AIRO Group) Headlines

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