Elliptic Laboratories ASA (STU:EIP) Total Assets : €30.17 Mil (As of Mar. 2024)

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What is Elliptic Laboratories ASA Total Assets?

Elliptic Laboratories ASA's Total Assets for the quarter that ended in Mar. 2024 was €30.17 Mil.

Warning Sign:

If a company builds assets at 20.9% a year, faster than its revenue growth rate of 12.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Elliptic Laboratories ASA's average Total Assets Growth Rate was 36.10% per year. During the past 3 years, the average Total Assets Growth Rate was 25.40% per year. During the past 5 years, the average Total Assets Growth Rate was 20.90% per year.

During the past 7 years, Elliptic Laboratories ASA's highest 3-Year average Total Assets Growth Rate was 25.40%. The lowest was 17.50%. And the median was 22.10%.

Total Assets is connected with ROA %. Elliptic Laboratories ASA's annualized ROA % for the quarter that ended in Mar. 2024 was -3.00%. Total Assets is also linked to Revenue through Asset Turnover. Elliptic Laboratories ASA's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Elliptic Laboratories ASA Total Assets Historical Data

The historical data trend for Elliptic Laboratories ASA'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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Elliptic Laboratories ASA Total Assets Chart

Elliptic Laboratories ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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13.90

20.65

36.59

33.38

30.42

Elliptic Laboratories ASA Quarterly Data
	Dec18	Jun19	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															29.79	29.22	31.64	30.42	30.17

Elliptic Laboratories ASA 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.

Elliptic Laboratories ASA'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 )
	=	26.695	+	3.72
	=	30.42

Elliptic Laboratories ASA'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 )
	=	26.585	+	3.589
	=	30.17

Elliptic Laboratories ASA (STU:EIP) Total Assets Explanation

Total Assets is connected with ROA %.

Elliptic Laboratories ASA'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 )
	=	-0.908	/	( (30.416	+	30.174)	/ 2 )
	=	-0.908	/	30.295
	=	-3.00 %

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.

Elliptic Laboratories ASA'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 )
=	1.927	/	( (30.416	+	30.174)	/ 2 )
=	1.927	/	30.295
=	0.06

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.

Elliptic Laboratories ASA Total Assets Related Terms

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Elliptic Laboratories ASA (STU:EIP) Business Description

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ELABSo:Sweden ELABS:Norway

Address

Akersgata 32, Oslo, NOR, 0180

Website

https://www.ellipticlabs.com

Elliptic Laboratories ASA is a software-based AI Virtual Smart Sensor Platform. Its AI Virtual Security Sensor is a presence-detection solution used to improve the security of data stored on laptops. The AI Virtual Security Sensor leverages a laptop's existing speaker and microphone to generate and process ultrasound waves to detect presence.

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