NoviqTech (ASX:NVQ) Total Assets : A$1.39 Mil (As of Dec. 2024)

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What is NoviqTech Total Assets?

NoviqTech's Total Assets for the quarter that ended in Dec. 2024 was A$1.39 Mil.

During the past 12 months, NoviqTech's average Total Assets Growth Rate was 146.30% per year. During the past 3 years, the average Total Assets Growth Rate was -3.40% per year. During the past 5 years, the average Total Assets Growth Rate was -37.10% per year.

During the past 6 years, NoviqTech's highest 3-Year average Total Assets Growth Rate was -3.40%. The lowest was -57.00%. And the median was -13.90%.

Total Assets is connected with ROA %. NoviqTech's annualized ROA % for the quarter that ended in Dec. 2024 was -297.96%. Total Assets is also linked to Revenue through Asset Turnover. NoviqTech's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

NoviqTech Total Assets Historical Data

The historical data trend for NoviqTech'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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NoviqTech Total Assets Chart

NoviqTech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.34

2.13

5.40

3.11

0.65

NoviqTech Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial								3.11	0.72	0.65	0.28	1.39

NoviqTech 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.

NoviqTech'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 )
	=	-0.058	+	0.711
	=	0.65

NoviqTech's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	0.203	+	1.183
	=	1.39

NoviqTech (ASX:NVQ) Total Assets Explanation

Total Assets is connected with ROA %.

NoviqTech's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-2.488	/	( (0.284	+	1.386)	/ 2 )
	=	-2.488	/	0.835
	=	-297.96 %

Note: The Net Income data used here is two times the semi-annual (Dec. 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.

NoviqTech's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (0.284	+	1.386)	/ 2 )
=	0	/	0.835
=	0.00

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.

NoviqTech Total Assets Related Terms

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NoviqTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NoviqTech Ltd (ASX:NVQ) » Definitions » Total Assets

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Traded in Other Exchanges

63Q0:Germany

Address

16 Nexus Way, Southport, QLD, AUS, 4215

Website

https://www.noviqtech.com

NoviqTech Ltd is a company which operates through its subsidiary TYMLEZ Group Ltd delivers novel and innovative technologies to organisations across the globe in sectors from maritime to regenerative agriculture, empowering them to make more informed decisions, track their carbon emissions with precision, and validate the authenticity of their products' origins all in real-time. NoviqAI's solutions deliver's supply chain traceability following the ethos of sustainability and carbon emissions reporting. Through the For personal use only use of DLT and Artificial Intelligence, NoviqAI will offer traceability solutions to various sectors including food, pharmaceuticals, fashion, and electronics while also prioritizing sustainability.