Elva International (Elva International) Total Assets : $0.73 Mil (As of Dec. 2005)

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What is Elva International Total Assets?

Elva International's Total Assets for the quarter that ended in Dec. 2005 was $0.73 Mil.

Total Assets is connected with ROA %. Elva International's annualized ROA % for the quarter that ended in Dec. 2005 was -149.51%. Total Assets is also linked to Revenue through Asset Turnover. Elva International's Asset Turnover for the quarter that ended in Dec. 2005 was 0.06.

Elva International Total Assets Historical Data

The historical data trend for Elva International'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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Elva International Total Assets Chart

Elva International Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Total Assets

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0.85

1.00

1.08

1.04

0.73

Elva International Quarterly Data
	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05
Total Assets	Get a 7-Day Free Trial															1.04	0.91	1.03	0.81	0.73

Elva International 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.

Elva International's Total Assets for the fiscal year that ended in Dec. 2005 is calculated as

Total Assets	=	Total Equity (A: Dec. 2005 )	+	Total Liabilities (A: Dec. 2005 )
	=	0.308	+	0.425
	=	0.73

Elva International's Total Assets for the quarter that ended in Dec. 2005 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2005 )	+	Total Liabilities (Q: Dec. 2005 )
	=	0.308	+	0.425
	=	0.73

Elva International (OTCPK:EVAI) Total Assets Explanation

Total Assets is connected with ROA %.

Elva International's annualized ROA % for the quarter that ended in Dec. 2005 is

ROA %	=	Net Income (Q: Dec. 2005 )	/	( (Total Assets (Q: Sep. 2005 )	+	Total Assets (Q: Dec. 2005 ))	/ count )
	=	-1.152	/	( (0.808	+	0.733)	/ 2 )
	=	-1.152	/	0.7705
	=	-149.51 %

Note: The Net Income data used here is four times the quarterly (Dec. 2005) 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.

Elva International's Asset Turnover for the quarter that ended in Dec. 2005 is

	Asset Turnover
=	Revenue (Q: Dec. 2005 )	/	( (Total Assets (Q: Sep. 2005 )	+	Total Assets (Q: Dec. 2005 ))	/ count )
=	0.049	/	( (0.808	+	0.733)	/ 2 )
=	0.049	/	0.7705
=	0.06

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.

Elva International Total Assets Related Terms

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Elva International (Elva International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elva International Inc (OTCPK:EVAI) » Definitions » Total Assets

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Address

47, RUE MARCEL DASSAULT, Boulogne-Billancourt, FRA, 92100

Website

Elva International Inc markets the Vocalid smart card. The Vocalid is a credit card-sized plastic card that has an integrated circuit. The Vocalid works by authenticating transaction data using a secure audio sequence generated by vibration of the card itself or by an external acoustic device. Vocalid can be used for e-commerce transactions utilizing the computers microphone or for telephone transactions using the phone set.

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