Novestra AB (OSTO:NOVE IL) Total Assets : kr0.35 Mil (As of Dec. 2024)

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What is Novestra AB Total Assets?

Novestra AB's Total Assets for the quarter that ended in Dec. 2024 was kr0.35 Mil.

During the past 12 months, Novestra AB's average Total Assets Growth Rate was -99.90% per year. During the past 3 years, the average Total Assets Growth Rate was -94.10% per year. During the past 5 years, the average Total Assets Growth Rate was -73.50% per year. During the past 10 years, the average Total Assets Growth Rate was -23.90% per year.

During the past 13 years, Novestra AB's highest 3-Year average Total Assets Growth Rate was 110.40%. The lowest was -94.10%. And the median was -0.50%.

Total Assets is connected with ROA %. Novestra AB's annualized ROA % for the quarter that ended in Dec. 2024 was -148.96%. Total Assets is also linked to Revenue through Asset Turnover. Novestra AB's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Novestra AB Total Assets Historical Data

The historical data trend for Novestra AB'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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Novestra AB Total Assets Chart

Novestra AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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1,008.24

1,174.50

1,094.91

216.54

0.35

Novestra AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															216.54	127.81	53.33	45.92	0.35

Novestra AB 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.

Novestra AB's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	-184.18	+	184.525
	=	0.34

Novestra AB's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-184.18	+	184.525
	=	0.34

Novestra AB (OSTO:NOVE IL) Total Assets Explanation

Total Assets is connected with ROA %.

Novestra AB's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-34.46	/	( (45.923	+	0.345)	/ 2 )
	=	-34.46	/	23.134
	=	-148.96 %

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

Novestra AB's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (45.923	+	0.345)	/ 2 )
=	0	/	23.134
=	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.

Novestra AB Total Assets Related Terms

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Novestra AB Business Description

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Address

Master Samuelsgatan 10, Stockholm, SWE, 111 44

Website

https://www.strax.com

Strax AB is specialized in accessories that empower mobile lifestyles. Its portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio. Its Health & Wellness category offers branded Personal Protection products. Its distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. The company's wholly-owned brands include Urbanista, Clckr, Richmond & Finch, Planet Buddies, xqisit, AVO+, Dottir and grell, and licensed brands include adidas, Bugatti, Diesel, Superdry and WeSC. The firm's distribution business also services over 40 other major mobile accessory brands.

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