ENVXW (Enovix) Total Assets : $527.17 Mil (As of Dec. 2024)

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What is Enovix Total Assets?

Enovix's Total Assets for the quarter that ended in Dec. 2024 was $527.17 Mil.

During the past 12 months, Enovix's average Total Assets Growth Rate was -1.20% per year. During the past 3 years, the average Total Assets Growth Rate was 37.80% per year.

During the past 5 years, Enovix's highest 3-Year average Total Assets Growth Rate was 93.00%. The lowest was 37.80%. And the median was 65.40%.

Total Assets is connected with ROA %. Enovix's annualized ROA % for the quarter that ended in Dec. 2024 was -30.73%. Total Assets is also linked to Revenue through Asset Turnover. Enovix's Asset Turnover for the quarter that ended in Dec. 2024 was 0.02.

Enovix Total Assets Historical Data

The historical data trend for Enovix'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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Enovix Total Assets Chart

Enovix Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

64.96

482.57

440.59

564.30

527.17

Enovix Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial													564.30	508.90	488.99	448.02	527.17

Enovix 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.

Enovix's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	249.403	+	277.766
	=	527.17

Enovix'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 )
	=	249.403	+	277.766
	=	527.17

Enovix (NAS:ENVXW) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-149.86	/	( (448.021	+	527.169)	/ 2 )
	=	-149.86	/	487.595
	=	-30.73 %

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.

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

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	9.717	/	( (448.021	+	527.169)	/ 2 )
=	9.717	/	487.595
=	0.02

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.

Enovix Total Assets Related Terms

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Enovix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enovix Corp (NAS:ENVXW) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ENVX:USA 6Q81:Germany

Address

3501 W Warren Avenue, Fremont, CA, USA, 94538

Website

https://www.enovix.com

Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, Norway, the United States, Taiwan, and other regions.