Precise Biometrics AB (Precise Biometrics AB) Total Assets : $20.79 Mil (As of Mar. 2024)

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What is Precise Biometrics AB Total Assets?

Precise Biometrics AB's Total Assets for the quarter that ended in Mar. 2024 was $20.79 Mil.

During the past 12 months, Precise Biometrics AB's average Total Assets Growth Rate was 2.90% per year. During the past 3 years, the average Total Assets Growth Rate was 29.10% per year. During the past 5 years, the average Total Assets Growth Rate was 20.50% per year. During the past 10 years, the average Total Assets Growth Rate was 15.20% per year.

During the past 13 years, Precise Biometrics AB's highest 3-Year average Total Assets Growth Rate was 30.70%. The lowest was -30.10%. And the median was 10.75%.

Total Assets is connected with ROA %. Precise Biometrics AB's annualized ROA % for the quarter that ended in Mar. 2024 was -5.49%. Total Assets is also linked to Revenue through Asset Turnover. Precise Biometrics AB's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

Precise Biometrics AB Total Assets Historical Data

The historical data trend for Precise Biometrics 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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Precise Biometrics AB Total Assets Chart

Precise Biometrics AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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16.80

18.29

26.52

20.55

20.73

Precise Biometrics AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															19.54	22.08	20.15	20.73	20.79

Precise Biometrics 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.

Precise Biometrics AB'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 )
	=	15.532	+	5.201
	=	20.73

Precise Biometrics AB'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 )
	=	15.033	+	5.76
	=	20.79

Precise Biometrics AB (OTCPK:PRBCF) Total Assets Explanation

Total Assets is connected with ROA %.

Precise Biometrics AB'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 )
	=	-1.14	/	( (20.732	+	20.792)	/ 2 )
	=	-1.14	/	20.762
	=	-5.49 %

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.

Precise Biometrics AB'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 )
=	2.083	/	( (20.732	+	20.792)	/ 2 )
=	2.083	/	20.762
=	0.10

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.

Precise Biometrics AB Total Assets Related Terms

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Precise Biometrics AB (Precise Biometrics AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Precise Biometrics AB (OTCPK:PRBCF) » Definitions » Total Assets

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PREC:Sweden PBC:Germany

Address

Precise Biometrics AB, Scheelevagen 27, Lund, SWE, SE-223 63

Website

https://www.precisebiometrics.com

Precise Biometrics AB is engaged in the business of developing and selling fingerprint software for the authentication of people's identity in mobile phones, smart cards, and products with small fingerprint sensors. The firm also develops and sells mobile smart card readers for smartphones and tablets. Its products and services include precise bio match mobile, sensor vulnerability test, and fingerprint data collection. Overall it focuses on the areas of Capacitive sensors for mobile phones, In-display sensors for mobile phones in the upper price segment, Smart cards, and New applications. The company operates in Europe, Asia, and the United States, out of which the majority of revenue comes from Asia.

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