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SYNX (Silynxcom) Total Assets : $8.93 Mil (As of Jun. 2024)


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What is Silynxcom Total Assets?

Silynxcom's Total Assets for the quarter that ended in Jun. 2024 was $8.93 Mil.

During the past 12 months, Silynxcom's average Total Assets Growth Rate was 25.50% per year.

Total Assets is connected with ROA %. Silynxcom's annualized ROA % for the quarter that ended in Jun. 2024 was -18.45%. Total Assets is also linked to Revenue through Asset Turnover. Silynxcom's Asset Turnover for the quarter that ended in Jun. 2024 was 0.71.

Silynxcom Total Assets Historical Data

The historical data trend for Silynxcom'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.

Silynxcom Total Assets Chart

Silynxcom Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
5.13 5.81 6.17

Silynxcom Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial - 5.81 4.54 6.17 8.93

Silynxcom 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.

Silynxcom'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 )
=2.221+3.945
=6.17

Silynxcom's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=6.616+2.31
=8.93

* 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.

Silynxcom  (AMEX:SYNX) Total Assets Explanation

Total Assets is connected with ROA %.

Silynxcom's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-1.392/( (6.166+8.926)/ 2 )
=-1.392/7.546
=-18.45 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Silynxcom's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=5.356/( (6.166+8.926)/ 2 )
=5.356/7.546
=0.71

* 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.

Silynxcom Total Assets Related Terms

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Silynxcom Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silynxcom Ltd (AMEX:SYNX) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
19 Yad Ha’Harutzim Street, Netanya, ISR, 4250519
Website
https://www.silynxcom.com
Silynxcom Ltd is engaged in developing, manufacturing, marketing and selling ruggedized Personal Headset Devices as well as other communications accessories, all of which have been battlefield-tested and combat-proven. It specializes in developing the In-Ear Headset device, a subsegment of the Personal Headset Device market. The In-Ear Headset device is used in both in training and operations by the military, law enforcement, and disaster recovery industry professionals. It also develops, market and sell push-to-talk devices, communication controllers, and communication device cables and connectors.

Silynxcom Headlines

From GuruFocus

AWM Investment Company, Inc. Expands Stake in Silynxcom Ltd

By GuruFocus News • 11-15-2024