QualTek Services (QualTek Services) Total Assets : $671.9 Mil (As of Mar. 2023)

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What is QualTek Services Total Assets?

QualTek Services's Total Assets for the quarter that ended in Mar. 2023 was $671.9 Mil.

During the past 12 months, QualTek Services's average Total Assets Growth Rate was -1.30% per year. During the past 3 years, the average Total Assets Growth Rate was -2.70% per year.

During the past 4 years, QualTek Services's highest 3-Year average Total Assets Growth Rate was -2.70%. The lowest was -2.70%. And the median was -2.70%.

Total Assets is connected with ROA %. QualTek Services's annualized ROA % for the quarter that ended in Mar. 2023 was -14.40%. Total Assets is also linked to Revenue through Asset Turnover. QualTek Services's Asset Turnover for the quarter that ended in Mar. 2023 was 0.23.

QualTek Services Total Assets Historical Data

The historical data trend for QualTek Services'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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QualTek Services Total Assets Chart

QualTek Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Total Assets

747.23

640.87

671.76

688.93

QualTek Services Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Assets	Get a 7-Day Free Trial							672.58	695.11	729.07	688.93	671.92

QualTek Services 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.

QualTek Services'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 )
	=	-100.72	+	789.647
	=	688.9

QualTek Services's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	-147.177	+	819.098
	=	671.9

QualTek Services (OTCPK:QTEKQ) Total Assets Explanation

Total Assets is connected with ROA %.

QualTek Services's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	-97.976	/	( (688.927	+	671.921)	/ 2 )
	=	-97.976	/	680.424
	=	-14.40 %

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

QualTek Services's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	156.246	/	( (688.927	+	671.921)	/ 2 )
=	156.246	/	680.424
=	0.23

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.

QualTek Services Total Assets Related Terms

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QualTek Services (QualTek Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » QualTek Services Inc (OTCPK:QTEKQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

475 Sentry Parkway E, Suite 200, Blue Bell, PA, USA, 19422

Website

https://www.qualtekservices.com

QualTek Services Inc is a technology-driven provider of infrastructure services to the 5G wireless, telecom, power grid modernization, and renewable energy sectors across North America.

Executives

Emanuel R Pearlman	director	250 EAST 79TH STREET, NEW YORK NY 10075
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Matthew J. Mccolgan	officer: Chief Financial Officer	475 SENTRY PARKWAY E, STE 200, BLUE BELL PA 19422
John A Kritzmacher	director	C/O GLOBAL CROSSING LIMITED, 200 PARK AVENUE, SUITE 300, FLORHAM PARK NJ 07932
Bruce E Roberson	director	5416 HOLLY SPRINGS DR, HOUSTON TX 77056
Cielo Hernandez	director	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Adam Paul Spittler	officer: Chief Financial Officer	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Christopher Scott Hisey	director, officer: CEO and Director	818 HIDDEN FOREST DRIVE, COLLEGEVILLE PA 19426
Elizabeth Downey	officer: Chief Administrative Officer	1777 SENTRY PARKWAY WEST, SUITE 302, BLUE BELL PA 19422
Daniel Lafond	director	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Brightstar Gp Investors, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek Ii, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Raul A Deju	director
Maha Eltobgy	director	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422