NWTG (Newton Golf Co) Total Assets : $3.36 Mil (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Newton Golf Co Total Assets?

Newton Golf Co's Total Assets for the quarter that ended in Sep. 2024 was $3.36 Mil.

During the past 12 months, Newton Golf Co's average Total Assets Growth Rate was 70.30% per year. During the past 3 years, the average Total Assets Growth Rate was 118.70% per year.

During the past 4 years, Newton Golf Co's highest 3-Year average Total Assets Growth Rate was 118.70%. The lowest was 118.70%. And the median was 118.70%.

Total Assets is connected with ROA %. Newton Golf Co's annualized ROA % for the quarter that ended in Sep. 2024 was -111.73%. Total Assets is also linked to Revenue through Asset Turnover. Newton Golf Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.32.

Newton Golf Co Total Assets Historical Data

The historical data trend for Newton Golf Co'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.

* Premium members only.

Newton Golf Co Total Assets Chart

Newton Golf Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.20

0.26

0.71

6.39

Newton Golf Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial											7.97	6.39	5.29	4.23	3.36

Newton Golf Co 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.

Newton Golf Co'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 )
	=	5.79	+	0.604
	=	6.39

Newton Golf Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	2.638	+	0.726
	=	3.36

Newton Golf Co (NAS:NWTG) Total Assets Explanation

Total Assets is connected with ROA %.

Newton Golf Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-4.24	/	( (4.226	+	3.364)	/ 2 )
	=	-4.24	/	3.795
	=	-111.73 %

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

Newton Golf Co's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	1.211	/	( (4.226	+	3.364)	/ 2 )
=	1.211	/	3.795
=	0.32

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.

Newton Golf Co Total Assets Related Terms

Thank you for viewing the detailed overview of Newton Golf Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Newton Golf Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Newton Golf Co (NAS:NWTG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

551 Calle San Pablo, Camarillo, CA, USA, 93012

Website

https://www.newtongolfco.com

Newton Golf Co is a technology-driven golf company dedicated to revolutionizing the sport with cutting-edge, high-performance products. The Company's expanding portfolio includes innovative golf shafts, putters, grips, and other golf-related accessories designed for golfers of all skill levels. With a commitment to superior craftsmanship and performance, Newton Golf continues to push the boundaries of golf technology. The Company's manufacturing facility in St. Joseph, Missouri, ensures elite quality control, with all products made and assembled in the USA.

Executives

Gregor Alasdair Campbell	director	5460 LIVERPOOL CT, OAK PARK CA 91377
Brett Widney Hoge	director	121 GRASSLANDS CT, ADVANCE NC 27006
Steve Handy	officer: Chief Financial Officer	8228 SUNSET BLVD., LOS ANGELES CA 90046
Timothy Triplett	director, officer: Chief Executive Officer
Michael Robert Ferris	officer: See remarks	2 CAPTAIN ROAD, WILBRAHAM MA 01095
Akinobu Yorihiro	director, officer: Chief Technology Officer	155 GILES ROAD, LAKE SHERWOOD CA 91361
Dorothy Lynn Pepper	director	P.O.BOX 623 ! WEBSTER ST, SARATOGA SPRINGS NY 12866
Angelo Gregory Papadourakis	officer: EVP Sales & Distribution	8468 CHICORY COURT, DARIEN IL 60561
Nippon Xport Ventures, Inc.	10 percent owner	155 GILES ROAD,, LAKE SHERWOOD CA 91361