SoLVBL Solutions (SoLVBL Solutions) Total Assets : $0.13 Mil (As of Jun. 2023)

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What is SoLVBL Solutions Total Assets?

SoLVBL Solutions's Total Assets for the quarter that ended in Jun. 2023 was $0.13 Mil.

During the past 12 months, SoLVBL Solutions's average Total Assets Growth Rate was -93.30% per year. During the past 3 years, the average Total Assets Growth Rate was 36.40% per year.

During the past 4 years, SoLVBL Solutions's highest 3-Year average Total Assets Growth Rate was 36.40%. The lowest was 36.40%. And the median was 36.40%.

Total Assets is connected with ROA %. SoLVBL Solutions's annualized ROA % for the quarter that ended in Jun. 2023 was -1,470.90%. Total Assets is also linked to Revenue through Asset Turnover. SoLVBL Solutions's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

SoLVBL Solutions Total Assets Historical Data

The historical data trend for SoLVBL Solutions'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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SoLVBL Solutions Total Assets Chart

SoLVBL Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Total Assets

0.14

0.51

1.76

0.35

SoLVBL Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial													1.07	0.77	0.35	0.25	0.13

SoLVBL Solutions 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.

SoLVBL Solutions'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 )
	=	-1.042	+	1.388
	=	0.35

SoLVBL Solutions's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-2.355	+	2.482
	=	0.13

SoLVBL Solutions (OTCPK:SOLBF) Total Assets Explanation

Total Assets is connected with ROA %.

SoLVBL Solutions's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-2.78	/	( (0.251	+	0.127)	/ 2 )
	=	-2.78	/	0.189
	=	-1,470.90 %

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

SoLVBL Solutions's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (0.251	+	0.127)	/ 2 )
=	0	/	0.189
=	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.

SoLVBL Solutions Total Assets Related Terms

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SoLVBL Solutions (SoLVBL Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SoLVBL Solutions Inc (OTCPK:SOLBF) » Definitions » Total Assets

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Traded in Other Exchanges

SOLV:Canada

Address

100 King Street West, First Canadian Place, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.solvbl.com

SoLVBL Solutions Inc is a solution engineering company specializing in applications that address critical data integrity problems. Its products and services include a Supply-chain ecosystem, which enables a single entity to monitor, measure, and manage its inventory and supply management; and a Tracking system that provides a level of security by registering tracker profiles on the ledger using a 256-bit hash. It generates revenue through the sale of services for Blockchain software products.

SoLVBL Solutions (SoLVBL Solutions) Headlines

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