Myomo (FRA:0M61) Total Assets : €15.20 Mil (As of Mar. 2024)

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What is Myomo Total Assets?

Myomo's Total Assets for the quarter that ended in Mar. 2024 was €15.20 Mil.

During the past 12 months, Myomo's average Total Assets Growth Rate was 24.40% per year. During the past 3 years, the average Total Assets Growth Rate was 32.30% per year. During the past 5 years, the average Total Assets Growth Rate was 29.30% per year.

During the past 8 years, Myomo's highest 3-Year average Total Assets Growth Rate was 38.00%. The lowest was 31.20%. And the median was 34.40%.

Total Assets is connected with ROA %. Myomo's annualized ROA % for the quarter that ended in Mar. 2024 was -98.81%. Total Assets is also linked to Revenue through Asset Turnover. Myomo's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

Myomo Total Assets Historical Data

The historical data trend for Myomo'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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Myomo Total Assets Chart

Myomo Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5.94

12.09

17.78

9.59

13.37

Myomo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															12.83	12.27	15.98	13.37	15.20

Myomo 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.

Myomo'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 )
	=	8.243	+	5.128
	=	13.37

Myomo's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	10.028	+	5.171
	=	15.20

Myomo (FRA:0M61) Total Assets Explanation

Total Assets is connected with ROA %.

Myomo's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-14.116	/	( (13.372	+	15.199)	/ 2 )
	=	-14.116	/	14.2855
	=	-98.81 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

Myomo's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	3.454	/	( (13.372	+	15.199)	/ 2 )
=	3.454	/	14.2855
=	0.24

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.

Myomo Total Assets Related Terms

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Myomo (FRA:0M61) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Myomo Inc (FRA:0M61) » Definitions » Total Assets

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MYO:USA

Address

137 Portland Street, 4th Floor, Boston, MA, USA, 02114

Website

https://www.myomo.com

Myomo Inc is a wearable medical robotics company that develops, designs, and produces myoelectric orthotics for people with neuromuscular disorders. The MyoPro myoelectric upper limb orthosis product is registered with the Food and Drug Administration as a Class II medical device. The Company provides the device to patients and bills their insurance companies directly, sometimes utilizing the clinical services of orthotics and prosthetics providers for which a fee is paid. The Company sells the product to orthotics and prosthetics providers around the world and the Veterans Health Administration (VA).

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