Resqunit AB (OSTO:RESQ) Total Assets : kr11.99 Mil (As of Jun. 2023)

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What is Resqunit AB Total Assets?

Resqunit AB's Total Assets for the quarter that ended in Jun. 2023 was kr11.99 Mil.

During the past 12 months, Resqunit AB's average Total Assets Growth Rate was 49.20% per year.

Total Assets is connected with ROA %. Resqunit AB's annualized ROA % for the quarter that ended in Jun. 2023 was -67.41%. Total Assets is also linked to Revenue through Asset Turnover. Resqunit AB's Asset Turnover for the quarter that ended in Jun. 2023 was 0.04.

Resqunit AB Total Assets Historical Data

The historical data trend for Resqunit 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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Resqunit AB Total Assets Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

Total Assets

14.78

16.26

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Total Assets	-	9.35	16.26	11.99

Resqunit 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.

Resqunit AB's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	4.027	+	12.228
	=	16.26

Resqunit AB's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	2.827	+	9.161
	=	11.99

Resqunit AB (OSTO:RESQ) Total Assets Explanation

Total Assets is connected with ROA %.

Resqunit AB's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-9.52	/	( (16.256	+	11.988)	/ 2 )
	=	-9.52	/	14.122
	=	-67.41 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) 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.

Resqunit AB's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0.588	/	( (16.256	+	11.988)	/ 2 )
=	0.588	/	14.122
=	0.04

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.

Resqunit AB Total Assets Related Terms

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Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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