Titan Medical (FRA:QTNA) Total Assets : €4.19 Mil (As of Jun. 2024)

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What is Titan Medical Total Assets?

Titan Medical's Total Assets for the quarter that ended in Jun. 2024 was €4.19 Mil.

During the past 12 months, Titan Medical's average Total Assets Growth Rate was -71.50% per year. During the past 3 years, the average Total Assets Growth Rate was -33.60% per year. During the past 5 years, the average Total Assets Growth Rate was -21.00% per year. During the past 10 years, the average Total Assets Growth Rate was 14.40% per year.

During the past 13 years, Titan Medical's highest 3-Year average Total Assets Growth Rate was 82.30%. The lowest was -33.60%. And the median was 26.55%.

Total Assets is connected with ROA %. Titan Medical's annualized ROA % for the quarter that ended in Jun. 2024 was -77.00%. Total Assets is also linked to Revenue through Asset Turnover. Titan Medical's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Titan Medical Total Assets Historical Data

The historical data trend for Titan Medical'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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Titan Medical Total Assets Chart

Titan Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3.04

24.53

41.79

6.72

8.04

Titan Medical Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															11.86	10.37	8.04	6.08	4.19

Titan Medical 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.

Titan Medical'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 )
	=	4.388	+	3.647
	=	8.04

Titan Medical's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	2.535	+	1.658
	=	4.19

Titan Medical (FRA:QTNA) Total Assets Explanation

Total Assets is connected with ROA %.

Titan Medical's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-3.956	/	( (6.081	+	4.194)	/ 2 )
	=	-3.956	/	5.1375
	=	-77.00 %

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

Titan Medical's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (6.081	+	4.194)	/ 2 )
=	0	/	5.1375
=	0.00

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.

Titan Medical Total Assets Related Terms

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Titan Medical Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Titan Medical Inc (FRA:QTNA) » Definitions » Total Assets

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Address

76 Berkeley Street, Toronto, ON, CAN, M5A 2W7

Website

https://www.titanmedicalinc.com

Titan Medical Inc is in the research and development stage and is focused on the continued design and development of robotic-assisted surgical technologies for application in minimally invasive surgery including the development of the Enos robotic single-access surgical system.