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Ondo InsurTech (FRA:1AI) Total Assets : €4.84 Mil (As of Sep. 2024)


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What is Ondo InsurTech Total Assets?

Ondo InsurTech's Total Assets for the quarter that ended in Sep. 2024 was €4.84 Mil.

During the past 12 months, Ondo InsurTech's average Total Assets Growth Rate was 1.20% per year.

Total Assets is connected with ROA %. Ondo InsurTech's annualized ROA % for the quarter that ended in Sep. 2024 was -142.13%. Total Assets is also linked to Revenue through Asset Turnover. Ondo InsurTech's Asset Turnover for the quarter that ended in Sep. 2024 was 0.49.

Ondo InsurTech Total Assets Historical Data

The historical data trend for Ondo InsurTech'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.

* Premium members only.

Ondo InsurTech Total Assets Chart

Ondo InsurTech Annual Data
Trend Feb22 Mar24
Total Assets
2.11 3.36

Ondo InsurTech Semi-Annual Data
Aug21 Feb22 Aug22 Sep23 Mar24 Sep24
Total Assets Get a 7-Day Free Trial 2.11 3.46 3.22 3.36 4.84

Ondo InsurTech 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.

Ondo InsurTech's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (A: Mar. 2024 )+Total Liabilities (A: Mar. 2024 )
=-7.771+11.13
=3.36

Ondo InsurTech'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 )
=-6.426+11.265
=4.84

* 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.

Ondo InsurTech  (FRA:1AI) Total Assets Explanation

Total Assets is connected with ROA %.

Ondo InsurTech's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-5.826/( (3.359+4.839)/ 2 )
=-5.826/4.099
=-142.13 %

Note: The Net Income data used here is two times the semi-annual (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.

Ondo InsurTech's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=2.005/( (3.359+4.839)/ 2 )
=2.005/4.099
=0.49

* 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.

Ondo InsurTech Total Assets Related Terms

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Ondo InsurTech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (FRA:1AI) » Definitions » Total Assets
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Traded in Other Exchanges
ONDO:UK
Address
60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR
Website
https://www.ondoplc.com
Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech Headlines

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