Sonim Technologies (STU:2W9A) Total Assets : €38.99 Mil (As of Mar. 2024)

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What is Sonim Technologies Total Assets?

Sonim Technologies's Total Assets for the quarter that ended in Mar. 2024 was €38.99 Mil.

During the past 12 months, Sonim Technologies's average Total Assets Growth Rate was 15.30% per year. During the past 3 years, the average Total Assets Growth Rate was 18.30% per year. During the past 5 years, the average Total Assets Growth Rate was -2.70% per year.

During the past 7 years, Sonim Technologies's highest 3-Year average Total Assets Growth Rate was 18.30%. The lowest was -18.10%. And the median was -1.75%.

Total Assets is connected with ROA %. Sonim Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was -23.67%. Total Assets is also linked to Revenue through Asset Turnover. Sonim Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.34.

Sonim Technologies Total Assets Historical Data

The historical data trend for Sonim Technologies'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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Sonim Technologies Total Assets Chart

Sonim Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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49.91

41.36

36.37

50.68

51.39

Sonim Technologies 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															48.38	49.60	54.92	51.39	38.99

Sonim Technologies 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.

Sonim Technologies'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 )
	=	20.511	+	30.88
	=	51.39

Sonim Technologies'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 )
	=	18.252	+	20.742
	=	38.99

Sonim Technologies (STU:2W9A) Total Assets Explanation

Total Assets is connected with ROA %.

Sonim Technologies'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 )
	=	-10.696	/	( (51.391	+	38.994)	/ 2 )
	=	-10.696	/	45.1925
	=	-23.67 %

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.

Sonim Technologies'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 )
=	15.433	/	( (51.391	+	38.994)	/ 2 )
=	15.433	/	45.1925
=	0.34

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.

Sonim Technologies Total Assets Related Terms

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Sonim Technologies (STU:2W9A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sonim Technologies Inc (STU:2W9A) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SONM:USA 2W9A:Germany

Address

4445 Eastgate Mall, Suite 200, San Diego, CA, USA, 92121

Website

https://www.sonimtech.com

Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the United States, and to Bell, Rogers, and Telus Mobility in Canada. These products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.

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