GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Fonar Corp (FRA:FOAA) » Definitions » Total Assets

Fonar (FRA:FOAA) Total Assets : €191.27 Mil (As of Sep. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Fonar Total Assets?

Fonar's Total Assets for the quarter that ended in Sep. 2024 was €191.27 Mil.

Warning Sign:

If a company builds assets at 6.5% a year, faster than its revenue growth rate of 3.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Fonar's average Total Assets Growth Rate was 5.40% per year. During the past 3 years, the average Total Assets Growth Rate was 2.90% per year. During the past 5 years, the average Total Assets Growth Rate was 6.50% per year. During the past 10 years, the average Total Assets Growth Rate was 10.40% per year.

During the past 13 years, Fonar's highest 3-Year average Total Assets Growth Rate was 47.60%. The lowest was -18.70%. And the median was 2.90%.

Total Assets is connected with ROA %. Fonar's annualized ROA % for the quarter that ended in Sep. 2024 was 5.79%. Total Assets is also linked to Revenue through Asset Turnover. Fonar's Asset Turnover for the quarter that ended in Sep. 2024 was 0.12.

Fonar Total Assets Historical Data

The historical data trend for Fonar'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.

Fonar Total Assets Chart

Fonar Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 160.07 157.29 188.58 185.14 199.04

Fonar Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 188.86 185.47 192.86 199.04 191.27

Fonar 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.

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

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=145.656+53.378
=199.03

Fonar'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 )
=143.103+48.17
=191.27

* 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.

Fonar  (FRA:FOAA) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=11.3/( (199.035+191.273)/ 2 )
=11.3/195.154
=5.79 %

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

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

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=22.489/( (199.035+191.273)/ 2 )
=22.489/195.154
=0.12

* 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.

Fonar Total Assets Related Terms

Thank you for viewing the detailed overview of Fonar's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Fonar Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Fonar Corp (FRA:FOAA) » Definitions » Total Assets
Comparable Companies
NOTV MDXH ME VNRX XGN LDDD BIOQ BNR PRE ENZ TMO DHR XSWX:LONN A IQV IDXX MTD ILMN WAT NTRA
Traded in Other Exchanges
FONR:USA
Address
110 Marcus Drive, Melville, NY, USA, 11747
Website
https://www.fonar.com
Fonar Corp is a United States-based company which is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions, and injuries. The company operates through two segments namely Manufacturing and servicing of medical equipment; and the Management of diagnostic imaging centers, which generates a vast majority of the revenue.

Fonar Headlines

No Headlines