BWMG (Brownie's Marine Group) Total Assets : $5.40 Mil (As of Sep. 2024)

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What is Brownie's Marine Group Total Assets?

Brownie's Marine Group's Total Assets for the quarter that ended in Sep. 2024 was $5.40 Mil.

During the past 12 months, Brownie's Marine Group's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was 36.00% per year. During the past 5 years, the average Total Assets Growth Rate was 41.50% per year. During the past 10 years, the average Total Assets Growth Rate was 20.50% per year.

During the past 13 years, Brownie's Marine Group's highest 3-Year average Total Assets Growth Rate was 63.80%. The lowest was -22.80%. And the median was 9.30%.

Total Assets is connected with ROA %. Brownie's Marine Group's annualized ROA % for the quarter that ended in Sep. 2024 was 12.89%. Total Assets is also linked to Revenue through Asset Turnover. Brownie's Marine Group's Asset Turnover for the quarter that ended in Sep. 2024 was 0.46.

Brownie's Marine Group Total Assets Historical Data

The historical data trend for Brownie's Marine 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.

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Brownie's Marine Group Total Assets Chart

Brownie's Marine Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.67

2.07

4.67

5.67

4.78

Brownie's Marine Group 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															5.03	4.78	4.60	5.40	5.40

Brownie's Marine 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.

Brownie's Marine 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 )
	=	1.595	+	3.183
	=	4.78

Brownie's Marine Group'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 )
	=	1.566	+	3.835
	=	5.40

Brownie's Marine Group (OTCPK:BWMG) Total Assets Explanation

Total Assets is connected with ROA %.

Brownie's Marine Group'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 )
	=	0.696	/	( (5.399	+	5.401)	/ 2 )
	=	0.696	/	5.4
	=	12.89 %

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.

Brownie's Marine Group'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 )
=	2.469	/	( (5.399	+	5.401)	/ 2 )
=	2.469	/	5.4
=	0.46

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.

Brownie's Marine Group Total Assets Related Terms

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Brownie's Marine Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Brownie's Marine Group Inc (OTCPK:BWMG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3001 North West 25th Avenue, Suite 1, Pompano Beach, FL, USA, 33069

Website

https://www.browniesmarinegroup.com

Brownie's Marine Group Inc designs, tests, manufactures and distributes tankless dive systems, rescue air systems and yacht-based self-contained underwater breathing apparatus ("SCUBA") air compressor and nitrox generation fill systems and acts as the exclusive distributor in North and South America for Lenhardt & Wagner GmbH ("L&W") compressors in the high-pressure breathing air and industrial gas markets. The Company sells its products both on a wholesale and retail basis.

Executives

Alexander Fraser Purdon	10 percent owner	5205 SW 83 TERRACE, GAINESVILLE FL 32608
Mikkel Pitzner	director	716 SE 8TH STREET, FT. LAUDERDALE FL 33316
Armstrong Grant Wesley Jr	director	1002 WESTRIDGE ROAD, GREENSBORO NC 27410
Jeffrey William Morris	10 percent owner	2148 NE 24TH STREET, WILTON MANORS FL 33305
Joshua William Arvin	10 percent owner	1900 PURDY AVE TS4, MIAMI FL 33139
Robert M Carmichael	officer: President and CEO	940 N.W. 1 STREET, FORT LAUDERDALE FL 33311