Volatus Aerospace (Volatus Aerospace) Total Assets : $20.03 Mil (As of Dec. 2023)

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What is Volatus Aerospace Total Assets?

Volatus Aerospace's Total Assets for the quarter that ended in Dec. 2023 was $20.03 Mil.

During the past 12 months, Volatus Aerospace's average Total Assets Growth Rate was 2.80% per year. During the past 3 years, the average Total Assets Growth Rate was 62.80% per year.

During the past 5 years, Volatus Aerospace's highest 3-Year average Total Assets Growth Rate was 62.80%. The lowest was 62.80%. And the median was 62.80%.

Total Assets is connected with ROA %. Volatus Aerospace's annualized ROA % for the quarter that ended in Dec. 2023 was -26.91%. Total Assets is also linked to Revenue through Asset Turnover. Volatus Aerospace's Asset Turnover for the quarter that ended in Dec. 2023 was 0.34.

Volatus Aerospace Total Assets Historical Data

The historical data trend for Volatus Aerospace'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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Volatus Aerospace Total Assets Chart

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.16

4.71

14.64

20.76

20.03

Volatus Aerospace Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial											20.76	23.68	24.66	25.51	20.03

Volatus Aerospace 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.

Volatus Aerospace'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 )
	=	1.892	+	18.141
	=	20.03

Volatus Aerospace'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 )
	=	1.892	+	18.141
	=	20.03

Volatus Aerospace (OTCPK:VLTTF) Total Assets Explanation

Total Assets is connected with ROA %.

Volatus Aerospace'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 )
	=	-6.128	/	( (25.513	+	20.033)	/ 2 )
	=	-6.128	/	22.773
	=	-26.91 %

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.

Volatus Aerospace'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 )
=	7.827	/	( (25.513	+	20.033)	/ 2 )
=	7.827	/	22.773
=	0.34

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.

Volatus Aerospace Total Assets Related Terms

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Volatus Aerospace (Volatus Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Volatus Aerospace Corp (OTCPK:VLTTF) » Definitions » Total Assets

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Traded in Other Exchanges

VOL:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Corp is a provider of integrated drone solutions. It offers a range of solutions and services throughout Canada, the United States, Latin America, and Europe for civilian and military applications, including system and vehicle sales, service and training; aerial inspection and imaging services; data processing and management; system design engineering, research and development, manufacture, and testing.