Balance Labs (Balance Labs) Total Assets : $0.19 Mil (As of Mar. 2024)

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What is Balance Labs Total Assets?

Balance Labs's Total Assets for the quarter that ended in Mar. 2024 was $0.19 Mil.

During the past 10 years, Balance Labs's highest 3-Year average Total Assets Growth Rate was 384.90%. The lowest was -41.80%. And the median was 58.35%.

Total Assets is connected with ROA %. Balance Labs's annualized ROA % for the quarter that ended in Mar. 2024 was -228.29%. Total Assets is also linked to Revenue through Asset Turnover. Balance Labs's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Balance Labs Total Assets Historical Data

The historical data trend for Balance Labs'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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Balance Labs Total Assets Chart

Balance Labs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.24

1.27

1.02

0.43

0.22

Balance Labs Quarterly Data
	Jun19	Sep19	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															0.38	0.34	0.32	0.22	0.19

Balance Labs 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.

Balance Labs'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 )
	=	-4.543	+	4.764
	=	0.22

Balance Labs'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 )
	=	-4.66	+	4.849
	=	0.19

Balance Labs (OTCPK:BLNC) Total Assets Explanation

Total Assets is connected with ROA %.

Balance Labs'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 )
	=	-0.468	/	( (0.221	+	0.189)	/ 2 )
	=	-0.468	/	0.205
	=	-228.29 %

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.

Balance Labs'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 )
=	0	/	( (0.221	+	0.189)	/ 2 )
=	0	/	0.205
=	0.00

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.

Balance Labs Total Assets Related Terms

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Balance Labs (Balance Labs) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Balance Labs Inc (OTCPK:BLNC) » Definitions » Total Assets

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Address

407 Lincoln Road, Suite 701, Miami Beach, FL, USA, 33139

Website

https://www.balancelabs.co

Balance Labs Inc is a United States-based company that is engaged in providing business development and consulting services to start-up and development-stage businesses. It offers services to help businesses in various industries with customized consulting services to meet business needs and aid in improving its business models, sales, marketing plans, and internal operations, as well as it also introduces the businesses to experienced professional contacts for the success of these businesses. It leverages its knowledge in developing businesses with entrepreneurs and startup company management whereby it creates a customized plan to overcome obstacles so it can focus on marketing products and services to potential customers.

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