ParcelPal Logistics (ParcelPal Logistics) Total Assets : $2.81 Mil (As of Sep. 2023)

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What is ParcelPal Logistics Total Assets?

ParcelPal Logistics's Total Assets for the quarter that ended in Sep. 2023 was $2.81 Mil.

Warning Sign:

If a company builds assets at 35.8% a year, faster than its revenue growth rate of 25.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, ParcelPal Logistics's average Total Assets Growth Rate was -32.50% per year. During the past 3 years, the average Total Assets Growth Rate was 63.10% per year. During the past 5 years, the average Total Assets Growth Rate was 35.80% per year. During the past 10 years, the average Total Assets Growth Rate was 103.20% per year.

During the past 12 years, ParcelPal Logistics's highest 3-Year average Total Assets Growth Rate was 406.90%. The lowest was -10.70%. And the median was 118.70%.

Total Assets is connected with ROA %. ParcelPal Logistics's annualized ROA % for the quarter that ended in Sep. 2023 was -10.57%. Total Assets is also linked to Revenue through Asset Turnover. ParcelPal Logistics's Asset Turnover for the quarter that ended in Sep. 2023 was 0.92.

ParcelPal Logistics Total Assets Historical Data

The historical data trend for ParcelPal Logistics'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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ParcelPal Logistics Total Assets Chart

ParcelPal Logistics Annual Data

Trend

Sep13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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2.60

1.01

0.78

4.29

3.36

ParcelPal Logistics Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															4.20	3.92	3.36	3.02	2.81

ParcelPal Logistics 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.

ParcelPal Logistics's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-1.301	+	4.658
	=	3.36

ParcelPal Logistics'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 )
	=	-1.667	+	4.475
	=	2.81

ParcelPal Logistics (OTCPK:PTNYF) Total Assets Explanation

Total Assets is connected with ROA %.

ParcelPal Logistics's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.308	/	( (3.018	+	2.808)	/ 2 )
	=	-0.308	/	2.913
	=	-10.57 %

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.

ParcelPal Logistics's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	2.694	/	( (3.018	+	2.808)	/ 2 )
=	2.694	/	2.913
=	0.92

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.

ParcelPal Logistics Total Assets Related Terms

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ParcelPal Logistics (ParcelPal Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ParcelPal Logistics Inc (OTCPK:PTNYF) » Definitions » Total Assets

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Traded in Other Exchanges

PT0A:Germany PKG:Canada

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.parcelpal.com

ParcelPal Logistics Inc is a Canadian-based company that specializes in last-mile delivery service and logistics solutions, providing businesses with a smart, reliable, and affordable delivery service powered by the company's licensed technology platform. It is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of its verticals include pharmacy & health, meal kit deliveries, retail, groceries, and more.