CareDx's Total Assets for the quarter that ended in Dec. 2024 was $491.1 Mil.
Warning Sign:
If a company builds assets at 15.7% a year, faster than its revenue growth rate of 12.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, CareDx's average Total Assets Growth Rate was -0.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 1.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 15.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 28.30% per year.
During the past 13 years, CareDx's highest 3-Year average Total Assets Growth Rate was 132.30%. The lowest was 1.80%. And the median was 33.50%.
Total Assets is connected with ROA %. CareDx's annualizedROA % for the quarter that ended in Dec. 2024 was 64.47%. Total Assets is also linked to Revenue through Asset Turnover. CareDx's Asset Turnover for the quarter that ended in Dec. 2024 was 0.18.
CareDx Total Assets Historical Data
The historical data trend for CareDx'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.
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.
CareDx's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (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.
CareDx's Asset Turnover for the quarter that ended in Dec. 2024 is
* 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.
CareDx Total Assets Related Terms
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CareDx Inc operates as a precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers. It offers testing services, products, and digital solutions along with the pre-and post-transplant patient journey and is a provider of genomics-based information for transplant patients. The Company's commercially available testing services consist of AlloSure Kidney, AlloMap Heart, AlloSure Heart, a dd-cfDNA solution for heart transplant patients, and AlloSure Lung, a dd-cfDNA solution for lung transplant patients. Geographically the company generates the majority of its revenue from the United States. The company generates major revenue from the Testing services.
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