Velan (TSX:VLN) Total Assets : C$680.0 Mil (As of Aug. 2024)

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What is Velan Total Assets?

Velan's Total Assets for the quarter that ended in Aug. 2024 was C$680.0 Mil.

During the past 12 months, Velan's average Total Assets Growth Rate was 5.10% per year. During the past 3 years, the average Total Assets Growth Rate was -2.70% per year. During the past 5 years, the average Total Assets Growth Rate was -1.10% per year. During the past 10 years, the average Total Assets Growth Rate was 0.40% per year.

During the past 13 years, Velan's highest 3-Year average Total Assets Growth Rate was 16.00%. The lowest was -2.70%. And the median was 2.60%.

Total Assets is connected with ROA %. Velan's annualized ROA % for the quarter that ended in Aug. 2024 was 0.10%. Total Assets is also linked to Revenue through Asset Turnover. Velan's Asset Turnover for the quarter that ended in Aug. 2024 was 0.20.

Velan Total Assets Historical Data

The historical data trend for Velan'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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Velan Total Assets Chart

Velan Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Assets

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715.45

737.43

646.26

642.91

647.18

Velan Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Assets	Get a 7-Day Free Trial															638.89	633.78	647.18	652.10	680.02

Velan 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.

Velan's Total Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (A: Feb. 2024 )	+	Total Liabilities (A: Feb. 2024 )
	=	247.4	+	399.781
	=	647.2

Velan's Total Assets for the quarter that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2024 )	+	Total Liabilities (Q: Aug. 2024 )
	=	249.11	+	430.911
	=	680.0

Velan (TSX:VLN) Total Assets Explanation

Total Assets is connected with ROA %.

Velan's annualized ROA % for the quarter that ended in Aug. 2024 is

ROA %	=	Net Income (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
	=	0.66	/	( (652.102	+	680.02)	/ 2 )
	=	0.66	/	666.061
	=	0.10 %

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

Velan's Asset Turnover for the quarter that ended in Aug. 2024 is

	Asset Turnover
=	Revenue (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
=	134.702	/	( (652.102	+	680.02)	/ 2 )
=	134.702	/	666.061
=	0.20

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.

Velan Total Assets Related Terms

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Velan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (TSX:VLN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

VLNSF:USA 946:Germany

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy and Other countries.