MMATQ (Meta Materials) Total Assets: $46.36 Mil (As of Mar. 2024)


MMATQ Meta Materials Inc MMATQ
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What is Meta Materials Total Assets?

Meta Materials MMATQ -99.00% 12 Total Assets is $46.36 Mil as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

Meta Materials's Total Assets for the quarter that ended in Mar. 2024 was $46.36 Mil.

Total Assets is connected with ROA %. Meta Materials's annualized ROA % for the quarter that ended in Mar. 2024 was -59.12%. Total Assets is also linked to Revenue through Asset Turnover. Meta Materials's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Meta Materials  (OTCPK:MMATQ) Total Assets Explanation

Total Assets is connected with ROA %.

Meta Materials'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 )
=-30.032/( (55.228+46.361)/ 2 )
=-30.032/50.7945
=-59.12 %

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.

Meta Materials'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 )
=3.272/( (55.228+46.361)/ 2 )
=3.272/50.7945
=0.06

* 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.

Meta Materials Total Assets Related Terms

Meta Materials Total Assets Historical Data

* Premium members only.

The historical data trend for Meta Materials'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.

Meta Materials Total Assets Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
0.00 10.23 434.02 408.92 55.23

Meta Materials Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 402.37 128.86 121.76 55.23 46.36
MMATQ
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Meta Materials Inc MMATQ
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Meta Materials 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.

Meta Materials'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 )
=21.937+33.292
=55.23

Meta Materials'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 )
=18.335+28.026
=46.36

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $46.36 Mil mean?
Meta Materials (MMATQ) has a Total Assets of $46.36 Mil as of Mar. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Meta Materials and its competitors.
Is Meta Materials' Total Assets too high?
Meta Materials' current Total Assets is $46.36 Mil. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Total Assets compare to APH and TEL?
Meta Materials' Total Assets of $46.36 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Hardware company?
A good Total Assets depends on the Hardware industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Meta Materials and its competitors. Meta Materials's current Total Assets is $46.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Total Assets of $46.36 Mil. The current Total Assets is $46.36 Mil. Meta Materials' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Meta Materials (MMATQ), the current Total Assets is $46.36 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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