NVOS (Novo Integrated Sciences) Total Assets: $35.33 Mil (As of May. 2024)


NVOS Novo Integrated Sciences Inc NVOS
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What is Novo Integrated Sciences Total Assets?

Novo Integrated Sciences NVOS -10.26% 12 Total Assets is $35.33 Mil as of May. 2024. GuruFocus rates NVOS with a GF Score™ of 12/100.

Novo Integrated Sciences's Total Assets for the quarter that ended in May. 2024 was $35.33 Mil.

Total Assets is connected with ROA %. Novo Integrated Sciences's annualized ROA % for the quarter that ended in May. 2024 was -156.43%. Total Assets is also linked to Revenue through Asset Turnover. Novo Integrated Sciences's Asset Turnover for the quarter that ended in May. 2024 was 0.09.

Novo Integrated Sciences  (OTCPK:NVOS) Total Assets Explanation

Total Assets is connected with ROA %.

Novo Integrated Sciences's annualized ROA % for the quarter that ended in May. 2024 is

ROA %=Net Income (Q: May. 2024 )/( (Total Assets (Q: Feb. 2024 )+Total Assets (Q: May. 2024 ))/ count )
=-54.968/( (34.949+35.327)/ 2 )
=-54.968/35.138
=-156.43 %

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

Novo Integrated Sciences's Asset Turnover for the quarter that ended in May. 2024 is

Asset Turnover
=Revenue (Q: May. 2024 )/( (Total Assets (Q: Feb. 2024 )+Total Assets (Q: May. 2024 ))/ count )
=3.152/( (34.949+35.327)/ 2 )
=3.152/35.138
=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.

Novo Integrated Sciences Total Assets Related Terms

Novo Integrated Sciences Total Assets Historical Data

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The historical data trend for Novo Integrated Sciences'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.

Novo Integrated Sciences Total Assets Chart

Novo Integrated Sciences Annual Data
Trend Dec14 Dec15 Dec16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.27 35.39 61.96 40.87 35.56

Novo Integrated Sciences Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 35.75 35.56 37.24 34.95 35.33
NVOS
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Novo Integrated Sciences Inc NVOS
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Novo Integrated Sciences 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.

Novo Integrated Sciences's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets=Total Equity (A: Aug. 2023 )+Total Liabilities (A: Aug. 2023 )
=24.499+11.064
=35.56

Novo Integrated Sciences's Total Assets for the quarter that ended in May. 2024 is calculated as

Total Assets=Total Equity (Q: May. 2024 )+Total Liabilities (Q: May. 2024 )
=9.663+25.664
=35.33

* 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 $35.33 Mil mean?
Novo Integrated Sciences (NVOS) has a Total Assets of $35.33 Mil as of May. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' Total Assets too high?
Novo Integrated Sciences' current Total Assets is $35.33 Mil. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' Total Assets compare to BACK and NHLG?
Novo Integrated Sciences' Total Assets of $35.33 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Total Assets depends on the Healthcare Providers & Services 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 Novo Integrated Sciences and its competitors. Novo Integrated Sciences's current Total Assets is $35.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current Total Assets of $35.33 Mil. The current Total Assets is $35.33 Mil. Novo Integrated Sciences' 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 Novo Integrated Sciences (NVOS), the current Total Assets is $35.33 Mil as of May. 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.

Novo Integrated Sciences Business Description

Address 11120 NE 2nd Street, Suite 100, Bellevue, WA, USA, 98004
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
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