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MKDW (MKDWell Tech) Total Assets : $8.17 Mil (As of Jun. 2024)


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What is MKDWell Tech Total Assets?

MKDWell Tech's Total Assets for the quarter that ended in Jun. 2024 was $8.17 Mil.

During the past 12 months, MKDWell Tech's average Total Assets Growth Rate was 2.10% per year.

Total Assets is connected with ROA %. MKDWell Tech's annualized ROA % for the quarter that ended in Jun. 2024 was -32.48%. Total Assets is also linked to Revenue through Asset Turnover. MKDWell Tech's Asset Turnover for the quarter that ended in Jun. 2024 was 0.09.

MKDWell Tech Total Assets Historical Data

The historical data trend for MKDWell Tech'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.

MKDWell Tech Total Assets Chart

MKDWell Tech Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
9.87 8.13 9.17

MKDWell Tech Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial - 8.13 8.23 9.17 8.17

MKDWell Tech 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.

MKDWell Tech'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 )
=0.335+8.836
=9.17

MKDWell Tech'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 )
=-1.326+9.493
=8.17

* 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.

MKDWell Tech  (NAS:MKDW) Total Assets Explanation

Total Assets is connected with ROA %.

MKDWell Tech's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-2.816/( (9.171+8.167)/ 2 )
=-2.816/8.669
=-32.48 %

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

MKDWell Tech's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=0.811/( (9.171+8.167)/ 2 )
=0.811/8.669
=0.09

* 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.

MKDWell Tech Total Assets Related Terms

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MKDWell Tech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MKDWell Tech Inc (NAS:MKDW) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
Sea Meadow House, Road Town, Tortola, VGB
Website
http://www.mkdwell.com
MKDWell Tech Inc is a company engaged in supplying automotive electronics for passenger cars, modified commercial vehicles, camper vans and logistics vehicles. Its business coverage extends across the spectrum of research and development, design, production and sales of automotive electronic products. The main products are intelligent camper vans control systems, LiDAR sensors, intelligent container control systems for logistics vehicles, vehicle seat control system, and it provide customers with ODM and OEM customized services.