Tesspay (Tesspay) Total Assets : $5.75 Mil (As of Dec. 2023)

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What is Tesspay Total Assets?

Tesspay's Total Assets for the quarter that ended in Dec. 2023 was $5.75 Mil.

Total Assets is connected with ROA %. Tesspay's annualized ROA % for the quarter that ended in Dec. 2023 was -31.22%. Total Assets is also linked to Revenue through Asset Turnover. Tesspay's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.

Tesspay Total Assets Historical Data

The historical data trend for Tesspay'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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Tesspay Total Assets Chart

Tesspay Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

3.48

3.16

4.32

5.75

Tesspay Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial			-	4.32	3.45	5.70	5.75

Tesspay 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.

Tesspay's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-1.038	+	6.791
	=	5.75

Tesspay's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-1.038	+	6.791
	=	5.75

Tesspay (AMEX:TPI) Total Assets Explanation

Total Assets is connected with ROA %.

Tesspay's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.788	/	( (5.701	+	5.753)	/ 2 )
	=	-1.788	/	5.727
	=	-31.22 %

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

Tesspay's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.644	/	( (5.701	+	5.753)	/ 2 )
=	0.644	/	5.727
=	0.11

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.

Tesspay Total Assets Related Terms

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Tesspay (Tesspay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tesspay Inc (AMEX:TPI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

9160 Forum Corporate Parkway, Suite 350, Fort Myers, FL, USA, 33905

Website

https://www.tesspay.io

Tesspay Inc is Fintech Platform company. It has developed a financial technology platform for securing and streamlining financial transactions that utilizes blockchain technology to provide payment assurance and liquidity through a finance supply chain. The Platform makes use of smart contracts, as programmatic representations of the terms of a legal contract between transacting parties, to affect automated financial settlements (account balance computations) to the supply chain participants.

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