Quanterix's Total Assets for the quarter that ended in Dec. 2023 was $425.0 Mil.
Warning Sign:
If a company builds assets at 29.3% a year, faster than its revenue growth rate of 11.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Quanterix's average Total Assets Growth Rate was 8.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 5.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 29.30% per year.
During the past 9 years, Quanterix's highest 3-Year average Total Assets Growth Rate was 101.40%. The lowest was 5.00%. And the median was 65.95%.
Total Assets is connected with ROA %. Quanterix's annualizedROA % for the quarter that ended in Dec. 2023 was -11.62%. Total Assets is also linked to Revenue through Asset Turnover. Quanterix's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.
Quanterix Total Assets Historical Data
The historical data trend for Quanterix'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.
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.
Quanterix's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
Quanterix's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Quanterix Total Assets Related Terms
Thank you for viewing the detailed overview of Quanterix's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Quanterix Corp is a life sciences company. It focuses on developing an ultra-sensitive digital immunoassay platform that advances precision health for life sciences research and diagnostics. The Simoa bead-based and planar array platforms designed by the company enable customers to reliably detect protein biomarkers in low concentrations in blood, serum and other fluids which are undetectable using conventional, analog immunoassay technologies. The company has developed Simoa technology which is a method of detection of proteins and has the capability of analyzing nearly six biomarkers per test, with anticipated expansion capability.
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