Sono-Tek's Total Assets for the quarter that ended in Nov. 2024 was $24.34 Mil.
Warning Sign:
If a company builds assets at 9.6% a year, faster than its revenue growth rate of 7.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Sono-Tek's average Total Assets Growth Rate was 15.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.00% per year.
During the past 13 years, Sono-Tek's highest 3-Year average Total Assets Growth Rate was 36.10%. The lowest was -21.40%. And the median was 4.75%.
Total Assets is connected with ROA %. Sono-Tek's annualizedROA % for the quarter that ended in Nov. 2024 was 4.64%. Total Assets is also linked to Revenue through Asset Turnover. Sono-Tek's Asset Turnover for the quarter that ended in Nov. 2024 was 0.22.
Sono-Tek Total Assets Historical Data
The historical data trend for Sono-Tek'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.
Sono-Tek's Total Assets for the fiscal year that ended in Feb. 2024 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 (Nov. 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.
Sono-Tek's Asset Turnover for the quarter that ended in Nov. 2024 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.
Sono-Tek Total Assets Related Terms
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Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical, and industrial markets, including specialized glass applications in construction and automotive. It sells products to emerging research and development and other markets. Its ultrasonic nozzle systems use high-frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.
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