Favo Capital (Favo Capital) Total Assets : $17.67 Mil (As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Favo Capital Total Assets?

Favo Capital's Total Assets for the quarter that ended in Sep. 2023 was $17.67 Mil.

During the past 10 years, Favo Capital's highest 3-Year average Total Assets Growth Rate was 214.10%. The lowest was -61.40%. And the median was 36.60%.

Total Assets is connected with ROA %. Favo Capital's annualized ROA % for the quarter that ended in Sep. 2023 was -57.35%. Total Assets is also linked to Revenue through Asset Turnover. Favo Capital's Asset Turnover for the quarter that ended in Sep. 2023 was 0.19.

Favo Capital Total Assets Historical Data

The historical data trend for Favo Capital'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.

Favo Capital Total Assets Chart

Favo Capital Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Assets

Get a 7-Day Free Trial

0.38

0.04

0.11

Favo Capital Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Sep22	Sep23
Total Assets	Get a 7-Day Free Trial															-	-	-	-	17.67

Favo Capital 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.

Favo Capital's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	-0.027	+	0.027
	=	0.00

Favo Capital's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-17.443	+	35.109
	=	17.67

Favo Capital (OTCPK:FAVO) Total Assets Explanation

Total Assets is connected with ROA %.

Favo Capital's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-10.132	/	( (0	+	17.666)	/ 1 )
	=	-10.132	/	17.666
	=	-57.35 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

Favo Capital's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	3.281	/	( (0	+	17.666)	/ 1 )
=	3.281	/	17.666
=	0.19

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.

Favo Capital Total Assets Related Terms

Thank you for viewing the detailed overview of Favo Capital's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Favo Capital (Favo Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Favo Capital Inc (OTCPK:FAVO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1025 Old Country Road, Suite 421, Westbury, NY, USA, 11590

Website

https://www.favocap.com

Favo Capital Inc is a direct funding company, which provides customized, short-term funding to small and mid-sized businesses nationwide. The company is also engaged in the real estate holdings division.