ASAPF (Aurora Spine) Total Assets : $12.09 Mil (As of Sep. 2024)

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What is Aurora Spine Total Assets?

Aurora Spine's Total Assets for the quarter that ended in Sep. 2024 was $12.09 Mil.

During the past 12 months, Aurora Spine's average Total Assets Growth Rate was 8.10% per year. During the past 3 years, the average Total Assets Growth Rate was 29.20% per year. During the past 5 years, the average Total Assets Growth Rate was 14.90% per year. During the past 10 years, the average Total Assets Growth Rate was 21.80% per year.

During the past 11 years, Aurora Spine's highest 3-Year average Total Assets Growth Rate was 238.30%. The lowest was -9.50%. And the median was 3.40%.

Total Assets is connected with ROA %. Aurora Spine's annualized ROA % for the quarter that ended in Sep. 2024 was 2.36%. Total Assets is also linked to Revenue through Asset Turnover. Aurora Spine's Asset Turnover for the quarter that ended in Sep. 2024 was 0.40.

Aurora Spine Total Assets Historical Data

The historical data trend for Aurora Spine'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.

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Aurora Spine Total Assets Chart

Aurora Spine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6.67

7.16

10.56

10.12

11.99

Aurora Spine Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															10.76	11.99	12.03	11.99	12.09

Aurora Spine 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.

Aurora Spine'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 )
	=	5.297	+	6.688
	=	11.99

Aurora Spine's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	5.023	+	7.068
	=	12.09

Aurora Spine (OTCPK:ASAPF) Total Assets Explanation

Total Assets is connected with ROA %.

Aurora Spine's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	0.284	/	( (11.991	+	12.092)	/ 2 )
	=	0.284	/	12.0415
	=	2.36 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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.

Aurora Spine's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	4.767	/	( (11.991	+	12.092)	/ 2 )
=	4.767	/	12.0415
=	0.40

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.

Aurora Spine Total Assets Related Terms

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Aurora Spine Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aurora Spine Corp (OTCPK:ASAPF) » Definitions » Total Assets

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ASG:Canada

Address

20 Holly Street, Suite 300, Toronto, ON, CAN, M4S 3B1

Website

https://www.aurora-spine.com

Aurora Spine Corp is engaged in the business of the development and commercialization of minimally invasive interspinous fusion systems and devices. The product portfolio includes implants, surgical tools, and biologics. It derives revenues primarily from the sale of spinal surgery implants, consumable products used in spinal surgeries, and service revenue for referring products to its customers.