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Itonis (Itonis) Total Assets : $1.11 Mil (As of Feb. 2008)


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What is Itonis Total Assets?

Itonis's Total Assets for the quarter that ended in Feb. 2008 was $1.11 Mil.

Total Assets is connected with ROA %. Itonis's annualized ROA % for the quarter that ended in Feb. 2008 was -293.92%. Total Assets is also linked to Revenue through Asset Turnover. Itonis's Asset Turnover for the quarter that ended in Feb. 2008 was 0.00.


Itonis Total Assets Historical Data

The historical data trend for Itonis'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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Itonis Total Assets Chart

Itonis Annual Data
Trend Nov05 Nov06 Nov07
Total Assets
0.19 0.08 0.03

Itonis Quarterly Data
Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.34 0.20 0.03 1.11

Itonis 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.

Itonis's Total Assets for the fiscal year that ended in Nov. 2007 is calculated as

Total Assets=Total Equity (A: Nov. 2007 )+Total Liabilities (A: Nov. 2007 )
=-1.081+1.106
=0.03

Itonis's Total Assets for the quarter that ended in Feb. 2008 is calculated as

Total Assets=Total Equity (Q: Feb. 2008 )+Total Liabilities (Q: Feb. 2008 )
=-0.067+1.177
=1.11

* 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.


Itonis  (OTCPK:ITNS) Total Assets Explanation

Total Assets is connected with ROA %.

Itonis's annualized ROA % for the quarter that ended in Feb. 2008 is

ROA %=Net Income (Q: Feb. 2008 )/( (Total Assets (Q: Nov. 2007 )+Total Assets (Q: Feb. 2008 ))/ count )
=-1.668/( (0.025+1.11)/ 2 )
=-1.668/0.5675
=-293.92 %

Note: The Net Income data used here is four times the quarterly (Feb. 2008) 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.

Itonis's Asset Turnover for the quarter that ended in Feb. 2008 is

Asset Turnover
=Revenue (Q: Feb. 2008 )/( (Total Assets (Q: Nov. 2007 )+Total Assets (Q: Feb. 2008 ))/ count )
=0/( (0.025+1.11)/ 2 )
=0/0.5675
=0.00

* 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.

Itonis Total Assets Related Terms

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Itonis (Itonis) Business Description

Traded in Other Exchanges
N/A
Address
22600-C Lambert Street, Suite 902, Lake Forest, CA, USA, 92630
Itonis Inc is a development-stage company. It operates as a holding company, which engages in the development and distribution of products to the medical and pharmaceutical industry. It is presently focused on marketing its Emesyl homeopathic anti-nausea product for retail sale. It produces and markets over-the-counter and prescription homeopathic preparations to treat both common ailments and chronic diseases.

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