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Iron Device (XKRX:464500) Total Assets : ₩36,752 Mil (As of Sep. 2024)


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What is Iron Device Total Assets?

Iron Device's Total Assets for the quarter that ended in Sep. 2024 was ₩36,752 Mil.

During the past 12 months, Iron Device's average Total Assets Growth Rate was -10.00% per year.

Total Assets is connected with ROA %. Iron Device's annualized ROA % for the quarter that ended in Sep. 2024 was -18.96%. Total Assets is also linked to Revenue through Asset Turnover. Iron Device's Asset Turnover for the quarter that ended in Sep. 2024 was 0.09.

Iron Device Total Assets Historical Data

The historical data trend for Iron Device'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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Iron Device Total Assets Chart

Iron Device Annual Data
Trend Dec22 Dec23
Total Assets
8,336.07 18,418.72

Iron Device Quarterly Data
Mar23 Sep23 Dec23 Mar24 Sep24
Total Assets - - 18,418.72 17,734.94 36,751.57

Iron Device 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.

Iron Device'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 )
=14363.932+4054.791
=18,419

Iron Device's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=32334.669+4416.9
=36,752

* 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.

Iron Device  (XKRX:464500) Total Assets Explanation

Total Assets is connected with ROA %.

Iron Device's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-5166.652/( (17734.935+36751.569)/ 2 )
=-5166.652/27243.252
=-18.96 %

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

Iron Device's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=2361.07/( (17734.935+36751.569)/ 2 )
=2361.07/27243.252
=0.09

* 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.

Iron Device Total Assets Related Terms

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Iron Device Business Description

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Address
139 Dosandaero, 14th floor, Sinsa-dong, J Tower, Gangnam-gu, Seoul, KOR
Website
https://www.irondevice.com
Iron Device Corp plans, designs, manufactures, and sells mixed-signal SoC (System-on-Chip) semiconductors. It focuses on low-power, high-performance, high-integration design. The group is a fabless semiconductor company that develops and outsources system semiconductors and software based on original technologies and supplies them to global set manufacturers. Its products are cell phones, smart speakers, smart accessories, smart homes, speaker amplifiers, and smart cars.

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