Virnect Co (XKRX:438700) Total Assets : ₩43,766 Mil (As of Dec. 2024)

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What is Virnect Co Total Assets?

Virnect Co's Total Assets for the quarter that ended in Dec. 2024 was ₩43,766 Mil.

During the past 12 months, Virnect Co's average Total Assets Growth Rate was -0.90% per year. During the past 3 years, the average Total Assets Growth Rate was 5.30% per year.

During the past 4 years, Virnect Co's highest 3-Year average Total Assets Growth Rate was 5.30%. The lowest was 5.30%. And the median was 5.30%.

Total Assets is connected with ROA %. Virnect Co's annualized ROA % for the quarter that ended in Dec. 2024 was -24.45%. Total Assets is also linked to Revenue through Asset Turnover. Virnect Co's Asset Turnover for the quarter that ended in Dec. 2024 was 0.04.

Virnect Co Total Assets Historical Data

The historical data trend for Virnect 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.

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Virnect Co Total Assets Chart

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Total Assets

48,297.19

39,225.00

56,827.24

43,766.34

Virnect Co Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial							56,827.24	53,273.23	49,683.72	46,847.48	43,766.34

Virnect 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.

Virnect Co's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	32618.052	+	11148.286
	=	43,766

Virnect Co's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	32618.052	+	11148.286
	=	43,766

Virnect Co (XKRX:438700) Total Assets Explanation

Total Assets is connected with ROA %.

Virnect Co's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-11078.14	/	( (46847.477	+	43766.338)	/ 2 )
	=	-11078.14	/	45306.9075
	=	-24.45 %

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

Virnect Co's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	2030.79	/	( (46847.477	+	43766.338)	/ 2 )
=	2030.79	/	45306.9075
=	0.04

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.

Virnect Co Total Assets Related Terms

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Virnect Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

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